Atlantic Edge Private Wealth Management LLC Has $29,000 Holdings in General Dynamics Co. (NYSE:GD)

Atlantic Edge Private Wealth Management LLC cut its position in General Dynamics Co. (NYSE:GD) by 36.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 110 shares of the aerospace company’s stock after selling 63 shares during the quarter. Atlantic Edge Private Wealth Management LLC’s holdings in General Dynamics were worth $29,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Axecap Investments LLC boosted its holdings in General Dynamics by 9.5% in the 4th quarter. Axecap Investments LLC now owns 11,853 shares of the aerospace company’s stock valued at $3,123,000 after purchasing an additional 1,028 shares during the period. Stonebridge Financial Group LLC bought a new position in General Dynamics during the 4th quarter valued at about $4,119,000. Arlington Trust Co LLC bought a new position in General Dynamics during the 4th quarter valued at about $80,000. Arlington Partners LLC lifted its holdings in General Dynamics by 7.6% during the 4th quarter. Arlington Partners LLC now owns 15,256 shares of the aerospace company’s stock valued at $4,020,000 after purchasing an additional 1,083 shares during the last quarter. Finally, Global Wealth Management Investment Advisory Inc. increased its position in General Dynamics by 6.2% in the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 14,818 shares of the aerospace company’s stock valued at $3,904,000 after acquiring an additional 869 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Susquehanna lowered their price objective on shares of General Dynamics from $315.00 to $300.00 and set a “positive” rating for the company in a research report on Thursday, January 30th. Citigroup lowered their price objective on shares of General Dynamics from $360.00 to $335.00 and set a “buy” rating for the company in a research report on Monday. Robert W. Baird reiterated a “neutral” rating and set a $283.00 price target (down previously from $345.00) on shares of General Dynamics in a research report on Tuesday, January 14th. Jefferies Financial Group reiterated a “hold” rating and set a $300.00 price target (down previously from $345.00) on shares of General Dynamics in a research report on Thursday, December 12th. Finally, UBS Group lowered their price target on shares of General Dynamics from $337.00 to $281.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $298.59.

Insider Transactions at General Dynamics

In related news, VP Christopher J. Brady sold 5,540 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $280.91, for a total transaction of $1,556,241.40. Following the transaction, the vice president now directly owns 20,296 shares in the company, valued at approximately $5,701,349.36. The trade was a 21.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Laura J. Schumacher sold 1,796 shares of the business’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $255.68, for a total transaction of $459,201.28. Following the transaction, the director now owns 11,175 shares in the company, valued at approximately $2,857,224. The trade was a 13.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.52% of the stock is currently owned by insiders.

General Dynamics Stock Performance

Shares of GD opened at $256.17 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.37. General Dynamics Co. has a twelve month low of $247.01 and a twelve month high of $316.90. The firm’s 50 day moving average price is $264.47 and its two-hundred day moving average price is $285.57. The firm has a market cap of $70.44 billion, a P/E ratio of 18.78, a PEG ratio of 1.61 and a beta of 0.61.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.14). General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. On average, analysts forecast that General Dynamics Co. will post 14.84 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 17th were given a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date was Friday, January 17th. General Dynamics’s dividend payout ratio is presently 41.64%.

General Dynamics declared that its Board of Directors has authorized a share buyback program on Wednesday, December 4th that permits the company to buyback 10,000,000 outstanding shares. This buyback authorization permits the aerospace company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

General Dynamics Company Profile

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.