JB Capital LLC Purchases 461 Shares of General Dynamics Co. (NYSE:GD)

JB Capital LLC grew its position in shares of General Dynamics Co. (NYSE:GD) by 43.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,526 shares of the aerospace company’s stock after acquiring an additional 461 shares during the period. JB Capital LLC’s holdings in General Dynamics were worth $402,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Czech National Bank raised its stake in General Dynamics by 21.3% in the third quarter. Czech National Bank now owns 52,532 shares of the aerospace company’s stock worth $15,875,000 after buying an additional 9,208 shares in the last quarter. GAMMA Investing LLC raised its stake in General Dynamics by 17.2% in the third quarter. GAMMA Investing LLC now owns 3,834 shares of the aerospace company’s stock worth $1,159,000 after buying an additional 563 shares in the last quarter. WealthBridge Capital Management LLC bought a new position in General Dynamics in the third quarter worth about $250,000. Diversified Trust Co raised its stake in General Dynamics by 7.1% in the third quarter. Diversified Trust Co now owns 2,163 shares of the aerospace company’s stock worth $654,000 after buying an additional 143 shares in the last quarter. Finally, Miracle Mile Advisors LLC raised its stake in General Dynamics by 26.6% in the third quarter. Miracle Mile Advisors LLC now owns 2,486 shares of the aerospace company’s stock worth $751,000 after buying an additional 523 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on GD. Sanford C. Bernstein decreased their price target on shares of General Dynamics from $343.00 to $331.00 and set a “market perform” rating for the company in a research note on Thursday, October 24th. Robert W. Baird restated a “neutral” rating and issued a $283.00 price objective (down previously from $345.00) on shares of General Dynamics in a report on Tuesday, January 14th. Royal Bank of Canada cut their price objective on shares of General Dynamics from $290.00 to $280.00 and set a “sector perform” rating on the stock in a report on Thursday, January 30th. Citigroup upped their price objective on shares of General Dynamics from $354.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Finally, Seaport Res Ptn cut shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $301.24.

Insider Activity

In related news, VP Christopher J. Brady sold 5,540 shares of the firm’s stock in a transaction 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 transaction, the vice president now directly owns 20,296 shares of the company’s stock, valued at approximately $5,701,349.36. This trade represents a 21.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.52% of the company’s stock.

General Dynamics Stock Down 0.1 %

GD opened at $256.80 on Tuesday. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. General Dynamics Co. has a 1-year low of $247.01 and a 1-year high of $316.90. The company has a market capitalization of $70.61 billion, a PE ratio of 18.83, a PEG ratio of 1.46 and a beta of 0.61. The firm’s 50 day simple moving average is $267.05 and its two-hundred day simple moving average is $286.76.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share for the quarter, missing the consensus estimate of $4.29 by ($0.14). General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. As a group, equities analysts forecast that General Dynamics Co. will post 14.88 EPS for the current year.

General Dynamics Announces Dividend

The company 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. The ex-dividend date of this dividend is Friday, January 17th. This represents a $5.68 annualized dividend and a dividend yield of 2.21%. General Dynamics’s payout ratio is 41.64%.

General Dynamics declared that its board has authorized a stock buyback plan on Wednesday, December 4th that authorizes the company to buyback 10,000,000 shares. This buyback authorization authorizes the aerospace company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

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.