General Dynamics Co. (NYSE:GD) Shares Acquired by Mayflower Financial Advisors LLC

Mayflower Financial Advisors LLC increased its stake in General Dynamics Co. (NYSE:GD) by 30.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,109 shares of the aerospace company’s stock after acquiring an additional 262 shares during the period. Mayflower Financial Advisors LLC’s holdings in General Dynamics were worth $292,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MFA Wealth Advisors LLC raised its position in General Dynamics by 241.7% in the 3rd quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 58 shares in the last quarter. Hara Capital LLC acquired a new stake in General Dynamics in the third quarter valued at approximately $26,000. Sugar Maple Asset Management LLC acquired a new stake in General Dynamics in the fourth quarter valued at approximately $28,000. Lowe Wealth Advisors LLC acquired a new position in General Dynamics during the 3rd quarter worth approximately $30,000. Finally, True Wealth Design LLC purchased a new stake in shares of General Dynamics in the 3rd quarter valued at approximately $34,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at General Dynamics

In related news, VP Christopher J. Brady sold 5,540 shares of the company’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 sale, the vice president now owns 20,296 shares in the company, valued at $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 is available at this hyperlink. Company insiders own 1.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GD. Wells Fargo & Company decreased their price objective on shares of General Dynamics from $295.00 to $279.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. Robert W. Baird reaffirmed a “neutral” rating and set a $283.00 price objective (down from $345.00) on shares of General Dynamics in a research report on Tuesday, January 14th. Citigroup raised their target price on General Dynamics from $354.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Barclays lowered their price target on General Dynamics from $330.00 to $305.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Finally, The Goldman Sachs Group cut their price objective on shares of General Dynamics from $245.00 to $241.00 and set a “sell” rating on the stock in a report on Tuesday. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, General Dynamics has an average rating of “Hold” and a consensus price target of $303.71.

General Dynamics Stock Performance

NYSE GD opened at $251.52 on Thursday. The business’s 50-day moving average price is $268.57 and its 200 day moving average price is $287.48. The company has a quick ratio of 0.80, a current ratio of 1.32 and a debt-to-equity ratio of 0.32. The firm has a market cap of $69.16 billion, a P/E ratio of 19.16, a P/E/G ratio of 1.43 and a beta of 0.61. General Dynamics Co. has a 52-week low of $247.01 and a 52-week high of $316.90.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.14). General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. On average, equities research analysts expect that General Dynamics Co. will post 13.66 earnings per share for the current year.

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

General Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 17th will be issued a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Friday, January 17th. General Dynamics’s payout ratio is 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.