First Command Advisory Services Inc. Sells 79 Shares of General Dynamics Co. (NYSE:GD)

First Command Advisory Services Inc. reduced its stake in General Dynamics Co. (NYSE:GD) by 13.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 523 shares of the aerospace company’s stock after selling 79 shares during the period. First Command Advisory Services Inc.’s holdings in General Dynamics were worth $138,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of GD. Pallas Capital Advisors LLC bought a new stake in shares of General Dynamics in the 3rd quarter valued at approximately $355,000. abrdn plc grew its position in General Dynamics by 67.1% during the 3rd quarter. abrdn plc now owns 32,456 shares of the aerospace company’s stock worth $9,737,000 after acquiring an additional 13,032 shares during the last quarter. First Trust Direct Indexing L.P. grew its position in General Dynamics by 7.2% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 8,646 shares of the aerospace company’s stock worth $2,613,000 after acquiring an additional 581 shares during the last quarter. SteelPeak Wealth LLC bought a new stake in General Dynamics during the 3rd quarter worth approximately $337,000. Finally, 1620 Investment Advisors Inc. grew its position in General Dynamics by 79.3% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 2,238 shares of the aerospace company’s stock worth $676,000 after acquiring an additional 990 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on GD shares. BTIG Research lowered General Dynamics from a “buy” rating to a “neutral” rating in a research report on Thursday, February 13th. Susquehanna decreased their price target on General Dynamics from $315.00 to $300.00 and set a “positive” rating on the stock in a research report on Thursday, January 30th. Robert W. Baird restated a “neutral” rating and set a $283.00 price target (down from $345.00) on shares of General Dynamics in a research report on Tuesday, January 14th. Citigroup decreased their price objective on General Dynamics from $360.00 to $335.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. Finally, William Blair lowered General Dynamics from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, General Dynamics presently has a consensus rating of “Hold” and a consensus target price of $296.71.

General Dynamics Stock Performance

GD stock opened at $251.53 on Friday. The company has a market cap of $68.00 billion, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 1.69 and a beta of 0.61. General Dynamics Co. has a twelve month low of $239.87 and a twelve month high of $316.90. The company has a quick ratio of 0.82, a current ratio of 1.37 and a debt-to-equity ratio of 0.33. The business’s fifty day moving average is $258.53 and its 200-day moving average is $281.44.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, January 29th. The aerospace company reported $4.15 EPS for the quarter, missing the consensus estimate of $4.29 by ($0.14). General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. Equities research analysts forecast that General Dynamics Co. will post 14.83 EPS for the current year.

General Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 17th were paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 2.26%. The ex-dividend date was Friday, January 17th. General Dynamics’s payout ratio is presently 41.64%.

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

Insider Buying and Selling

In other General Dynamics news, Director Laura J. Schumacher sold 1,796 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $255.68, for a total transaction of $459,201.28. Following the completion of the transaction, the director now owns 11,175 shares in the company, valued at approximately $2,857,224. This represents a 13.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.60% of the stock is currently owned by company insiders.

General Dynamics 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.