Stonebridge Financial Group LLC Makes New $4.12 Million Investment in General Dynamics Co. (NYSE:GD)

Stonebridge Financial Group LLC bought a new stake in General Dynamics Co. (NYSE:GD) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,632 shares of the aerospace company’s stock, valued at approximately $4,119,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of GD. Koshinski Asset Management Inc. increased its stake in shares of General Dynamics by 16.9% in the third quarter. Koshinski Asset Management Inc. now owns 6,306 shares of the aerospace company’s stock worth $1,906,000 after acquiring an additional 912 shares during the period. Thomasville National Bank raised its stake in shares of General Dynamics by 0.7% during the 3rd quarter. Thomasville National Bank now owns 70,144 shares of the aerospace company’s stock valued at $21,198,000 after buying an additional 507 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of General Dynamics by 6.9% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,018 shares of the aerospace company’s stock valued at $1,819,000 after buying an additional 389 shares during the period. ORG Wealth Partners LLC purchased a new stake in shares of General Dynamics in the third quarter worth about $702,000. Finally, Affinity Wealth Management LLC raised its position in General Dynamics by 18.1% during the third quarter. Affinity Wealth Management LLC now owns 856 shares of the aerospace company’s stock valued at $259,000 after acquiring an additional 131 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on GD. Jefferies Financial Group reaffirmed a “hold” rating and set a $300.00 price objective (down previously from $345.00) on shares of General Dynamics in a research note on Thursday, December 12th. Barclays dropped their price target on shares of General Dynamics from $305.00 to $285.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Baird R W downgraded shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. UBS Group dropped their target price on General Dynamics from $337.00 to $281.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on General Dynamics from $303.00 to $295.00 and set a “hold” rating for the company in a report on Thursday, January 2nd. One 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 MarketBeat.com, General Dynamics has an average rating of “Hold” and a consensus price target of $298.59.

Insider Transactions at General Dynamics

In other news, VP Christopher J. Brady sold 5,540 shares of the company’s stock in a transaction 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 transaction, the vice president now owns 20,296 shares of the company’s stock, valued at $5,701,349.36. This represents a 21.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Laura J. Schumacher sold 1,796 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $255.68, for a total value of $459,201.28. Following the sale, the director now directly owns 11,175 shares of the company’s stock, valued at $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. Insiders own 1.52% of the company’s stock.

General Dynamics Price Performance

Shares of NYSE GD opened at $256.17 on Tuesday. The firm has a 50-day simple moving average of $264.47 and a 200-day simple moving average of $285.57. The company has a quick ratio of 0.82, a current ratio of 1.37 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $70.44 billion, a price-to-earnings ratio of 18.78, a price-to-earnings-growth ratio of 1.61 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 for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.14). General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. On average, equities analysts predict that General Dynamics Co. will post 14.84 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 17th were paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend was Friday, January 17th. General Dynamics’s dividend payout ratio (DPR) is presently 41.64%.

General Dynamics announced that its Board of Directors has authorized a share repurchase plan on Wednesday, December 4th that authorizes the company to buyback 10,000,000 shares. This buyback authorization authorizes the aerospace company to repurchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are 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.