UMB Bank n.a. Has $2.26 Million Stock Holdings in General Dynamics Co. (NYSE:GD)

UMB Bank n.a. lessened its holdings in General Dynamics Co. (NYSE:GD) by 76.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,588 shares of the aerospace company’s stock after selling 28,050 shares during the quarter. UMB Bank n.a.’s holdings in General Dynamics were worth $2,263,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of GD. Willner & Heller LLC grew its position in shares of General Dynamics by 5.5% during the 4th quarter. Willner & Heller LLC now owns 2,017 shares of the aerospace company’s stock worth $531,000 after purchasing an additional 106 shares in the last quarter. Trueblood Wealth Management LLC boosted its stake in shares of General Dynamics by 5.8% in the fourth quarter. Trueblood Wealth Management LLC now owns 2,351 shares of the aerospace company’s stock valued at $619,000 after buying an additional 128 shares during the period. Mechanics Bank Trust Department grew its position in General Dynamics by 11.3% during the fourth quarter. Mechanics Bank Trust Department now owns 781 shares of the aerospace company’s stock worth $206,000 after buying an additional 79 shares in the last quarter. Diversify Wealth Management LLC raised its holdings in General Dynamics by 9.8% in the 4th quarter. Diversify Wealth Management LLC now owns 9,114 shares of the aerospace company’s stock valued at $2,364,000 after acquiring an additional 817 shares in the last quarter. Finally, Grove Bank & Trust lifted its position in shares of General Dynamics by 44.4% during the 4th quarter. Grove Bank & Trust now owns 511 shares of the aerospace company’s stock valued at $135,000 after acquiring an additional 157 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Stock Down 0.7 %

Shares of NYSE:GD opened at $266.86 on Tuesday. The firm has a market cap of $73.38 billion, a P/E ratio of 20.32, a P/E/G ratio of 1.38 and a beta of 0.61. General Dynamics Co. has a 12-month low of $247.36 and a 12-month high of $316.90. The business has a fifty day simple moving average of $272.86 and a 200 day simple moving average of $288.21. The company has a quick ratio of 0.80, a current ratio of 1.32 and a debt-to-equity ratio of 0.32.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). The company had revenue of $11.67 billion during the quarter, compared to analyst estimates of $11.65 billion. General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. General Dynamics’s revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.04 earnings per share. Analysts predict that General Dynamics Co. will post 13.81 earnings per share for the current year.

General Dynamics announced that its board has authorized a stock repurchase plan on Wednesday, December 4th that authorizes the company to repurchase 10,000,000 shares. This repurchase authorization authorizes the aerospace company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

General Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 17th will be paid a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Friday, January 17th. General Dynamics’s dividend payout ratio is presently 43.26%.

Insider Activity at General Dynamics

In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of General Dynamics stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $280.91, for a total value of $1,556,241.40. Following the completion of the sale, 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 document filed with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on GD shares. Vertical Research downgraded General Dynamics from a “buy” rating to a “hold” rating and dropped their price target for the company from $352.00 to $290.00 in a research note on Monday, January 6th. Wells Fargo & Company cut their price target on shares of General Dynamics from $295.00 to $279.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. Susquehanna decreased their price objective on shares of General Dynamics from $330.00 to $315.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Baird R W cut General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on General Dynamics from $303.00 to $295.00 and set a “hold” rating on the stock in a research note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $304.53.

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.