RFG Advisory LLC Sells 676 Shares of General Dynamics Co. (NYSE:GD)

RFG Advisory LLC lessened its holdings in General Dynamics Co. (NYSE:GD) by 6.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,247 shares of the aerospace company’s stock after selling 676 shares during the quarter. RFG Advisory LLC’s holdings in General Dynamics were worth $2,700,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of GD. Fred Alger Management LLC grew its position in shares of General Dynamics by 8.9% during the 2nd quarter. Fred Alger Management LLC now owns 8,351 shares of the aerospace company’s stock worth $2,423,000 after buying an additional 679 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of General Dynamics by 2.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,071,803 shares of the aerospace company’s stock worth $601,756,000 after buying an additional 47,915 shares in the last quarter. Daymark Wealth Partners LLC grew its position in shares of General Dynamics by 2.1% during the 2nd quarter. Daymark Wealth Partners LLC now owns 8,924 shares of the aerospace company’s stock worth $2,589,000 after buying an additional 183 shares in the last quarter. MBB Public Markets I LLC bought a new stake in General Dynamics during the second quarter valued at about $4,911,000. Finally, Legal & General Group Plc boosted its position in General Dynamics by 6.4% during the second quarter. Legal & General Group Plc now owns 1,477,993 shares of the aerospace company’s stock valued at $428,825,000 after purchasing an additional 88,489 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

General Dynamics Trading Down 0.9 %

General Dynamics stock opened at $266.22 on Friday. General Dynamics Co. has a 52 week low of $257.26 and a 52 week high of $316.90. The company has a market capitalization of $73.20 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 1.43 and a beta of 0.61. The stock has a 50-day moving average price of $269.70 and a 200 day moving average price of $287.74. 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 announced its quarterly 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 net margin of 7.90% and a return on equity of 16.59%. The company had revenue of $11.67 billion during the quarter, compared to analyst estimates of $11.65 billion. During the same period in the previous year, the firm posted $3.04 earnings per share. The company’s revenue was up 10.4% compared to the same quarter last year. Sell-side analysts anticipate that General Dynamics Co. will post 13.66 EPS for the current year.

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

General Dynamics Dividend Announcement

The business 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 $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Friday, January 17th. General Dynamics’s payout ratio is presently 43.26%.

Insider Buying and Selling at General Dynamics

In other news, 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 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 $5,701,349.36. The trade was a 21.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.52% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on GD shares. Sanford C. Bernstein dropped their price objective 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. Seaport Res Ptn downgraded General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Vertical Research downgraded General Dynamics from a “buy” rating to a “hold” rating and dropped their price objective for the company from $352.00 to $290.00 in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft dropped their price objective on General Dynamics from $303.00 to $295.00 and set a “hold” rating on the stock in a research report on Thursday, January 2nd. Finally, TD Cowen upgraded General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 8th. One investment 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.