ORG Wealth Partners LLC Sells 377 Shares of General Dynamics Co. (NYSE:GD)

ORG Wealth Partners LLC cut its holdings in shares of General Dynamics Co. (NYSE:GD) by 16.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,945 shares of the aerospace company’s stock after selling 377 shares during the period. ORG Wealth Partners LLC’s holdings in General Dynamics were worth $513,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Coston McIsaac & Partners increased its position in shares of General Dynamics by 22.8% in the third quarter. Coston McIsaac & Partners now owns 178 shares of the aerospace company’s stock valued at $53,000 after acquiring an additional 33 shares during the last quarter. Global X Japan Co. Ltd. increased its position in General Dynamics by 2.3% during the third quarter. Global X Japan Co. Ltd. now owns 1,482 shares of the aerospace company’s stock worth $448,000 after buying an additional 33 shares during the last quarter. Grove Bank & Trust increased its position in General Dynamics by 10.6% during the third quarter. Grove Bank & Trust now owns 354 shares of the aerospace company’s stock worth $107,000 after buying an additional 34 shares during the last quarter. Trueblood Wealth Management LLC grew its position in shares of General Dynamics by 1.6% in the third quarter. Trueblood Wealth Management LLC now owns 2,223 shares of the aerospace company’s stock valued at $672,000 after purchasing an additional 34 shares during the last quarter. Finally, Rathbones Group PLC grew its position in shares of General Dynamics by 1.8% in the second quarter. Rathbones Group PLC now owns 2,022 shares of the aerospace company’s stock valued at $587,000 after purchasing an additional 35 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on GD. Sanford C. Bernstein decreased their target price on General Dynamics from $343.00 to $331.00 and set a “market perform” rating on the stock in a research report on Thursday, October 24th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $300.00 target price (down previously from $345.00) on shares of General Dynamics in a research report on Thursday, December 12th. Wolfe Research downgraded General Dynamics from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, December 11th. Citigroup upped their target price on General Dynamics from $331.00 to $354.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, TD Cowen upgraded General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $308.18.

General Dynamics Trading Down 0.9 %

NYSE GD traded down $2.26 on Friday, reaching $259.21. The company had a trading volume of 348,213 shares, compared to its average volume of 1,278,677. 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 business has a 50 day moving average of $277.21 and a two-hundred day moving average of $289.35. General Dynamics Co. has a fifty-two week low of $247.36 and a fifty-two week high of $316.90. The firm has a market cap of $71.27 billion, a price-to-earnings ratio of 19.74, a P/E/G ratio of 1.62 and a beta of 0.61.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share 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 in the previous year, the business posted $3.04 earnings per share. The business’s revenue was up 10.4% on a year-over-year basis. Analysts forecast that General Dynamics Co. will post 13.84 EPS for the current year.

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 17th will be issued a dividend of $1.42 per share. The ex-dividend date is Friday, January 17th. This represents a $5.68 dividend on an annualized basis and a yield of 2.19%. General Dynamics’s payout ratio is currently 43.26%.

General Dynamics declared that its board has initiated a share repurchase plan 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 plans are generally a sign that the company’s board believes its shares are undervalued.

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 shares were sold at an average price of $280.91, for a total transaction of $1,556,241.40. Following the transaction, the vice president now owns 20,296 shares of the company’s stock, valued at $5,701,349.36. This represents a 21.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.52% of the company’s stock.

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.