General Dynamics Co. (NYSE:GD) Shares Sold by Atlantic Edge Private Wealth Management LLC

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

A number of other hedge funds have also made changes to their positions in the business. MFA Wealth Advisors LLC increased its stake in General Dynamics by 241.7% during the 3rd quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock worth $25,000 after buying an additional 58 shares during the period. Financial Life Planners purchased a new stake in General Dynamics during the 4th quarter worth $25,000. Hara Capital LLC purchased a new stake in General Dynamics during the 3rd quarter worth $26,000. Sugar Maple Asset Management LLC purchased a new stake in General Dynamics during the 4th quarter worth $28,000. Finally, Heck Capital Advisors LLC purchased a new stake in General Dynamics during the 4th quarter worth $28,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Trading Up 0.5 %

Shares of NYSE:GD opened at $256.17 on Tuesday. The company has a 50 day moving average of $264.47 and a 200-day moving average of $285.57. The firm has a market cap of $70.44 billion, a P/E ratio of 18.78, a P/E/G ratio of 1.61 and a beta of 0.61. General Dynamics Co. has a twelve month low of $247.01 and a twelve month high of $316.90. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, January 29th. The aerospace company reported $4.15 EPS 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, analysts anticipate that General Dynamics Co. will post 14.84 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

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

General Dynamics announced that its board has approved a stock buyback program on Wednesday, December 4th that allows the company to repurchase 10,000,000 shares. This repurchase authorization allows the aerospace company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of General Dynamics from $303.00 to $295.00 and set a “hold” rating for the company in a report on Thursday, January 2nd. Barclays decreased their price target on shares of General Dynamics from $305.00 to $285.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Susquehanna decreased their price target on shares of General Dynamics from $315.00 to $300.00 and set a “positive” rating for the company in a report on Thursday, January 30th. Robert W. Baird reaffirmed a “neutral” rating and issued a $283.00 price target (down from $345.00) on shares of General Dynamics in a report on Tuesday, January 14th. Finally, Wolfe Research lowered shares of General Dynamics from an “outperform” rating to a “peer perform” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $298.59.

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 that occurred on Friday, January 31st. The shares were sold at an average price of $255.68, for a total value of $459,201.28. Following the completion of the sale, the director now directly 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Christopher J. Brady sold 5,540 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $280.91, for a total transaction of $1,556,241.40. Following the completion of the sale, the vice president now directly owns 20,296 shares of the company’s stock, valued at $5,701,349.36. This represents a 21.44 % 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.

About General Dynamics

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.