DJE Kapital AG Invests $422,000 in General Dynamics Co. (NYSE:GD)

DJE Kapital AG purchased a new position in General Dynamics Co. (NYSE:GD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,600 shares of the aerospace company’s stock, valued at approximately $422,000.

A number of other large investors have also recently made changes to their positions in GD. Financial Life Planners bought a new stake in General Dynamics during the fourth quarter valued at approximately $25,000. Hara Capital LLC bought a new stake in General Dynamics during the third quarter valued at approximately $26,000. Whipplewood Advisors LLC bought a new stake in General Dynamics during the fourth quarter valued at approximately $26,000. Kohmann Bosshard Financial Services LLC bought a new stake in General Dynamics during the fourth quarter valued at approximately $26,000. Finally, Sugar Maple Asset Management LLC bought a new stake in General Dynamics during the fourth quarter valued at approximately $28,000. 86.14% of the stock is currently owned by institutional investors.

General Dynamics Price Performance

General Dynamics stock opened at $254.07 on Tuesday. The company has a market cap of $68.69 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 1.69 and a beta of 0.61. The firm’s fifty day moving average is $258.09 and its 200 day moving average is $280.71. The company has a quick ratio of 0.82, a current ratio of 1.37 and a debt-to-equity ratio of 0.33. General Dynamics Co. has a 52-week low of $239.87 and a 52-week high of $316.90.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share (EPS) 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%. 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 authorized a share buyback plan on Wednesday, December 4th that permits the company to buyback 10,000,000 outstanding shares. This buyback authorization permits the aerospace company to buy shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

General Dynamics Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date was Friday, January 17th. General Dynamics’s payout ratio is 41.64%.

Insider Activity at General Dynamics

In other General Dynamics news, Director Laura J. Schumacher sold 1,796 shares of the business’s stock in a transaction on Friday, January 31st. The shares were 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 $2,857,224. The trade was a 13.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.52% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on GD shares. The Goldman Sachs Group cut their target price on shares of General Dynamics from $245.00 to $241.00 and set a “sell” rating for the company in a research report on Tuesday, January 28th. Susquehanna lowered their price target on shares of General Dynamics from $315.00 to $300.00 and set a “positive” rating on the stock in a report on Thursday, January 30th. UBS Group lowered their price target on shares of General Dynamics from $337.00 to $281.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of General Dynamics from $303.00 to $295.00 and set a “hold” rating on the stock in a report on Thursday, January 2nd. Finally, William Blair downgraded shares of General Dynamics from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, General Dynamics currently has an average rating of “Hold” and an average target price of $296.71.

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.