180 Wealth Advisors LLC Sells 1,004 Shares of General Dynamics Co. (NYSE:GD)

180 Wealth Advisors LLC lessened its stake in General Dynamics Co. (NYSE:GD) by 23.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,308 shares of the aerospace company’s stock after selling 1,004 shares during the period. 180 Wealth Advisors LLC’s holdings in General Dynamics were worth $872,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Coston McIsaac & Partners grew its position in shares of General Dynamics by 22.8% during the 3rd 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 period. Global X Japan Co. Ltd. grew its position in shares of General Dynamics by 2.3% during the 3rd quarter. Global X Japan Co. Ltd. now owns 1,482 shares of the aerospace company’s stock valued at $448,000 after acquiring an additional 33 shares during the period. Grove Bank & Trust grew its position in shares of General Dynamics by 10.6% during the 3rd quarter. Grove Bank & Trust now owns 354 shares of the aerospace company’s stock valued at $107,000 after acquiring an additional 34 shares during the period. Trueblood Wealth Management LLC grew its position in shares of General Dynamics by 1.6% during the 3rd quarter. Trueblood Wealth Management LLC now owns 2,223 shares of the aerospace company’s stock valued at $672,000 after acquiring an additional 34 shares during the period. Finally, Rathbones Group PLC grew its position in shares of General Dynamics by 1.8% during the 2nd quarter. Rathbones Group PLC now owns 2,022 shares of the aerospace company’s stock valued at $587,000 after acquiring an additional 35 shares during the period. Institutional investors own 86.14% of the company’s stock.

Insider Transactions at General Dynamics

In related news, VP Christopher J. Brady sold 5,540 shares of the stock in a transaction that occurred on 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.52% of the company’s stock.

Wall Street Analysts Forecast Growth

GD has been the topic of a number of analyst reports. Susquehanna lowered their target price 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. Robert W. Baird restated a “neutral” rating and set a $283.00 target price (down previously from $345.00) on shares of General Dynamics in a research note on Tuesday. Wolfe Research cut shares of General Dynamics from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, December 11th. Royal Bank of Canada cut shares of General Dynamics from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $330.00 to $290.00 in a research note on Thursday, December 19th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of 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 equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $304.53.

General Dynamics Price Performance

Shares of GD stock opened at $263.73 on Tuesday. 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 company has a market capitalization of $72.52 billion, a P/E ratio of 20.09, a P/E/G ratio of 1.62 and a beta of 0.61. The company’s 50-day simple moving average is $275.94 and its two-hundred day simple moving average is $288.79. General Dynamics Co. has a one year low of $247.36 and a one year high of $316.90.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 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 company had revenue of $11.67 billion during the quarter, compared to the consensus estimate of $11.65 billion. During the same quarter in the prior year, the company earned $3.04 earnings per share. General Dynamics’s revenue was up 10.4% on a year-over-year basis. As a group, equities analysts anticipate that General Dynamics Co. will post 13.84 EPS for the current year.

General Dynamics announced that its board has approved a stock 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 typically an indication that the company’s board believes its shares are undervalued.

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 17th will be given a $1.42 dividend. The ex-dividend date is Friday, January 17th. This represents a $5.68 annualized dividend and a dividend yield of 2.15%. General Dynamics’s payout ratio is presently 43.26%.

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.