New England Professional Planning Group Inc. Has $437,000 Stock Position in General Dynamics Co. (NYSE:GD)

New England Professional Planning Group Inc. reduced its position in General Dynamics Co. (NYSE:GD) by 6.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,659 shares of the aerospace company’s stock after selling 113 shares during the period. General Dynamics accounts for approximately 0.2% of New England Professional Planning Group Inc.’s investment portfolio, making the stock its 22nd largest holding. New England Professional Planning Group Inc.’s holdings in General Dynamics were worth $437,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Trueblood Wealth Management LLC boosted its position in shares of General Dynamics by 1.6% in the 3rd quarter. Trueblood Wealth Management LLC now owns 2,223 shares of the aerospace company’s stock worth $672,000 after purchasing an additional 34 shares during the last quarter. Jeppson Wealth Management LLC lifted its holdings in General Dynamics by 3.8% during the third quarter. Jeppson Wealth Management LLC now owns 955 shares of the aerospace company’s stock worth $289,000 after acquiring an additional 35 shares in the last quarter. Community Bank N.A. lifted its holdings in General Dynamics by 0.6% during the third quarter. Community Bank N.A. now owns 5,461 shares of the aerospace company’s stock worth $1,650,000 after acquiring an additional 35 shares in the last quarter. United Asset Strategies Inc. lifted its holdings in General Dynamics by 1.2% during the third quarter. United Asset Strategies Inc. now owns 3,013 shares of the aerospace company’s stock worth $911,000 after acquiring an additional 37 shares in the last quarter. Finally, Forum Financial Management LP lifted its holdings in General Dynamics by 1.8% during the third quarter. Forum Financial Management LP now owns 2,042 shares of the aerospace company’s stock worth $617,000 after acquiring an additional 37 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other General Dynamics news, Director Laura J. Schumacher sold 1,796 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $2,857,224. The trade was a 13.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.52% of the company’s stock.

General Dynamics Price Performance

NYSE:GD opened at $243.02 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.37. The stock’s 50-day simple moving average is $259.68 and its 200 day simple moving average is $282.53. The company has a market cap of $65.70 billion, a P/E ratio of 17.82, a P/E/G ratio of 1.69 and a beta of 0.61. General Dynamics Co. has a 52-week low of $239.87 and a 52-week high of $316.90.

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 return on equity of 17.10% and a net margin of 7.93%. As a group, sell-side analysts forecast that General Dynamics Co. will post 14.83 EPS for the current fiscal year.

General Dynamics declared that its board has approved a stock repurchase plan on Wednesday, December 4th that permits the company to repurchase 10,000,000 outstanding shares. This repurchase authorization permits the aerospace company to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 17th were given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date was Friday, January 17th. General Dynamics’s dividend payout ratio (DPR) is presently 41.64%.

Wall Street Analyst Weigh In

GD has been the topic of several recent analyst reports. TD Cowen reduced their target price on General Dynamics from $315.00 to $295.00 in a report on Tuesday, January 28th. Jefferies Financial Group reiterated a “hold” rating and set a $300.00 target price (down from $345.00) on shares of General Dynamics in a report on Thursday, December 12th. The Goldman Sachs Group reduced their target price on General Dynamics from $245.00 to $241.00 and set a “sell” rating on the stock in a report on Tuesday, January 28th. Wolfe Research lowered General Dynamics from an “outperform” rating to a “peer perform” rating in a report on Wednesday, December 11th. Finally, Baird R W lowered General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $298.59.

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.