Kingsview Wealth Management LLC Increases Holdings in General Dynamics Co. (NYSE:GD)

Kingsview Wealth Management LLC lifted its holdings in shares of General Dynamics Co. (NYSE:GD) by 2.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 9,526 shares of the aerospace company’s stock after buying an additional 192 shares during the period. Kingsview Wealth Management LLC’s holdings in General Dynamics were worth $2,510,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Coston McIsaac & Partners increased its position in shares of General Dynamics by 22.8% during the third quarter. Coston McIsaac & Partners now owns 178 shares of the aerospace company’s stock worth $53,000 after purchasing an additional 33 shares in the last quarter. Global X Japan Co. Ltd. grew its stake in 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 worth $448,000 after buying an additional 33 shares during the last quarter. Grove Bank & Trust lifted its stake in General Dynamics by 10.6% in the third quarter. Grove Bank & Trust now owns 354 shares of the aerospace company’s stock valued at $107,000 after buying an additional 34 shares during the last quarter. Trueblood Wealth Management LLC boosted its holdings 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 acquiring an additional 34 shares during the period. Finally, Jeppson Wealth Management LLC grew its position in shares of General Dynamics by 3.8% during the third quarter. Jeppson Wealth Management LLC now owns 955 shares of the aerospace company’s stock worth $289,000 after acquiring an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Transactions at General Dynamics

In related news, Director Laura J. Schumacher sold 1,796 shares of General Dynamics stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $255.68, for a total transaction of $459,201.28. Following the completion of the sale, the director now owns 11,175 shares in the company, valued at approximately $2,857,224. This trade represents a 13.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Christopher J. Brady sold 5,540 shares of the company’s 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 completion of the transaction, the vice president now owns 20,296 shares in the company, valued at approximately $5,701,349.36. This trade represents a 21.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.52% of the company’s stock.

Analyst Ratings Changes

GD has been the topic of several research reports. Robert W. Baird reissued 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. Deutsche Bank Aktiengesellschaft dropped their price target 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. Jefferies Financial Group reaffirmed a “hold” rating and set a $300.00 price objective (down from $345.00) on shares of General Dynamics in a research report on Thursday, December 12th. JPMorgan Chase & Co. dropped their target price on General Dynamics from $307.00 to $284.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Finally, The Goldman Sachs Group decreased their price target on General Dynamics from $245.00 to $241.00 and set a “sell” rating for the company in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, General Dynamics currently has an average rating of “Hold” and an average target price of $300.06.

General Dynamics Stock Performance

GD opened at $254.84 on Monday. General Dynamics Co. has a 1-year low of $247.01 and a 1-year high of $316.90. The stock has a market cap of $70.07 billion, a P/E ratio of 18.68, a P/E/G ratio of 1.61 and a beta of 0.61. The stock’s 50 day simple moving average is $264.47 and its 200 day simple moving average is $285.56. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.37 and a quick ratio of 0.82.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.14). General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. As a group, equities analysts anticipate that General Dynamics Co. will post 14.84 EPS for the current fiscal year.

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

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 17th were given a $1.42 dividend. The ex-dividend date was Friday, January 17th. This represents a $5.68 annualized dividend and a dividend yield of 2.23%. General Dynamics’s dividend payout ratio is presently 41.64%.

General Dynamics 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.