Quotient Wealth Partners LLC Has $898,000 Position in General Dynamics Co. (NYSE:GD)

Quotient Wealth Partners LLC trimmed its holdings in General Dynamics Co. (NYSE:GD) by 9.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,409 shares of the aerospace company’s stock after selling 341 shares during the period. Quotient Wealth Partners LLC’s holdings in General Dynamics were worth $898,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dynamic Advisor Solutions LLC raised its stake in shares of General Dynamics by 5.7% in the third quarter. Dynamic Advisor Solutions LLC now owns 2,859 shares of the aerospace company’s stock worth $864,000 after purchasing an additional 155 shares during the last quarter. Castle Rock Wealth Management LLC raised its holdings in shares of General Dynamics by 19.5% in the third quarter. Castle Rock Wealth Management LLC now owns 1,486 shares of the aerospace company’s stock valued at $445,000 after purchasing an additional 242 shares during the last quarter. Peak Financial Advisors LLC bought a new position in shares of General Dynamics during the third quarter valued at about $3,022,000. Fiduciary Financial Group LLC grew its position in General Dynamics by 3.9% in the 3rd quarter. Fiduciary Financial Group LLC now owns 1,206 shares of the aerospace company’s stock worth $358,000 after purchasing an additional 45 shares in the last quarter. Finally, Perfromance Wealth Partners LLC lifted its position in shares of General Dynamics by 22.4% during the 3rd quarter. Perfromance Wealth Partners LLC now owns 1,832 shares of the aerospace company’s stock worth $554,000 after buying an additional 335 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

General Dynamics Trading Down 0.3 %

GD stock opened at $254.84 on Friday. General Dynamics Co. has a one year low of $247.01 and a one year high of $316.90. The company has a market capitalization of $70.07 billion, a PE ratio of 18.68, a price-to-earnings-growth ratio of 1.61 and a beta of 0.61. The company’s 50 day moving average price is $264.47 and its two-hundred day moving average price is $285.62. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.37.

General Dynamics (NYSE:GD) last posted 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, analysts predict that General Dynamics Co. will post 14.84 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 17th were paid a $1.42 dividend. The ex-dividend date was Friday, January 17th. This represents a $5.68 dividend on an annualized basis and a yield of 2.23%. General Dynamics’s dividend payout ratio (DPR) is currently 41.64%.

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

Analysts Set New Price Targets

Several research analysts have weighed in on the company. JPMorgan Chase & Co. cut their price objective on General Dynamics from $307.00 to $284.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Sanford C. Bernstein decreased their price objective on shares of General Dynamics from $343.00 to $331.00 and set a “market perform” rating for the company in a report on Thursday, October 24th. Jefferies Financial Group reiterated a “hold” rating and issued a $300.00 target price (down from $345.00) on shares of General Dynamics in a research note on Thursday, December 12th. TD Cowen dropped their price objective on General Dynamics from $315.00 to $295.00 in a research note on Tuesday, January 28th. Finally, The Goldman Sachs Group dropped their price target on General Dynamics from $245.00 to $241.00 and set a “sell” rating on the stock in a research 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 given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $300.06.

Insider Buying and Selling 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 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 $5,701,349.36. This represents a 21.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Laura J. Schumacher sold 1,796 shares of the business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $255.68, for a total transaction of $459,201.28. Following the transaction, the director now directly owns 11,175 shares in the company, valued at approximately $2,857,224. The trade was a 13.85 % 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.

About General Dynamics

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.