823 Shares in General Dynamics Co. (NYSE:GD) Bought by Baron Silver Stevens Financial Advisors LLC

Baron Silver Stevens Financial Advisors LLC purchased a new stake in General Dynamics Co. (NYSE:GD) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 823 shares of the aerospace company’s stock, valued at approximately $217,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GD. Evergreen Capital Management LLC raised its holdings in General Dynamics by 150.4% in the 2nd quarter. Evergreen Capital Management LLC now owns 3,989 shares of the aerospace company’s stock worth $1,157,000 after purchasing an additional 2,396 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of General Dynamics by 60.6% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 44,608 shares of the aerospace company’s stock worth $12,943,000 after buying an additional 16,826 shares during the period. Insigneo Advisory Services LLC lifted its position in shares of General Dynamics by 2.9% during the 2nd quarter. Insigneo Advisory Services LLC now owns 2,914 shares of the aerospace company’s stock valued at $833,000 after buying an additional 83 shares in the last quarter. Fred Alger Management LLC grew its stake in General Dynamics by 8.9% in the 2nd quarter. Fred Alger Management LLC now owns 8,351 shares of the aerospace company’s stock valued at $2,423,000 after acquiring an additional 679 shares during the period. Finally, Albar Capital Ltd purchased a new stake in General Dynamics in the 2nd quarter worth $4,252,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at General Dynamics

In other news, VP Christopher J. Brady sold 5,540 shares of the stock in a transaction dated 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 transaction, the vice president now owns 20,296 shares in the company, valued at approximately $5,701,349.36. This represents a 21.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.52% of the company’s stock.

General Dynamics Stock Down 1.1 %

Shares of NYSE:GD opened at $268.62 on Thursday. The firm has a market capitalization of $73.86 billion, a PE ratio of 20.46, a price-to-earnings-growth ratio of 1.44 and a beta of 0.61. General Dynamics Co. has a 1 year low of $247.88 and a 1 year high of $316.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.32 and a quick ratio of 0.80. The firm’s 50-day moving average is $270.19 and its two-hundred day moving average is $287.88.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. The business had revenue of $11.67 billion for the quarter, compared to analyst estimates of $11.65 billion. During the same quarter last year, the company earned $3.04 earnings per share. General Dynamics’s quarterly revenue was up 10.4% compared to the same quarter last year. Analysts predict that General Dynamics Co. will post 13.71 EPS for the current year.

General Dynamics announced that its Board of Directors has authorized a stock repurchase program on Wednesday, December 4th that authorizes the company to buyback 10,000,000 shares. This buyback authorization authorizes the aerospace company to buy shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

General Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 17th will be given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Friday, January 17th. General Dynamics’s dividend payout ratio is presently 43.26%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on GD shares. Seaport Res Ptn lowered shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Barclays lowered their price objective on General Dynamics from $330.00 to $305.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Baird R W cut General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Wolfe Research lowered General Dynamics from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, December 11th. Finally, The Goldman Sachs Group downgraded General Dynamics from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $283.00 to $245.00 in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $304.88.

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.