Blackhawk Capital Partners LLC. Raises Stock Holdings in General Dynamics Co. (NYSE:GD)

Blackhawk Capital Partners LLC. raised its position in shares of General Dynamics Co. (NYSE:GD) by 11.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,755 shares of the aerospace company’s stock after buying an additional 470 shares during the quarter. Blackhawk Capital Partners LLC.’s holdings in General Dynamics were worth $1,253,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of GD. Jeppson Wealth Management LLC raised its stake in General Dynamics by 3.8% during the third quarter. Jeppson Wealth Management LLC now owns 955 shares of the aerospace company’s stock valued at $289,000 after buying an additional 35 shares during the last quarter. Community Bank N.A. raised its position in shares of General Dynamics by 0.6% in the 3rd quarter. Community Bank N.A. now owns 5,461 shares of the aerospace company’s stock worth $1,650,000 after purchasing an additional 35 shares during the last quarter. United Asset Strategies Inc. boosted its stake in General Dynamics by 1.2% in the 3rd quarter. United Asset Strategies Inc. now owns 3,013 shares of the aerospace company’s stock worth $911,000 after purchasing an additional 37 shares in the last quarter. Forum Financial Management LP grew its position in General Dynamics by 1.8% during the 3rd quarter. Forum Financial Management LP now owns 2,042 shares of the aerospace company’s stock valued at $617,000 after purchasing an additional 37 shares during the last quarter. Finally, Freedom Investment Management Inc. increased its stake in General Dynamics by 0.9% during the 3rd quarter. Freedom Investment Management Inc. now owns 4,344 shares of the aerospace company’s stock valued at $1,313,000 after purchasing an additional 37 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

General Dynamics Trading Up 1.3 %

Shares of GD stock opened at $246.24 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.37 and a quick ratio of 0.82. The company has a market cap of $66.57 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 1.69 and a beta of 0.61. General Dynamics Co. has a 1 year low of $239.87 and a 1 year high of $316.90. The firm has a fifty day moving average price of $259.28 and a 200-day moving average price of $282.18.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share (EPS) for the quarter, missing the consensus estimate 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 predict that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 4th that allows the company to buyback 10,000,000 outstanding shares. This buyback authorization allows the aerospace company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

General Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 17th were paid a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend was Friday, January 17th. General Dynamics’s payout ratio is 41.64%.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, Director Laura J. Schumacher sold 1,796 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $255.68, for a total value 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 represents a 13.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on GD. UBS Group dropped their target price on shares of General Dynamics from $337.00 to $281.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. Vertical Research downgraded General Dynamics from a “buy” rating to a “hold” rating and cut their target price for the company from $352.00 to $290.00 in a research note on Monday, January 6th. BTIG Research cut General Dynamics from a “buy” rating to a “neutral” rating in a research note on Thursday, February 13th. Deutsche Bank Aktiengesellschaft dropped their price objective 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. Finally, Citigroup decreased their target price on General Dynamics from $360.00 to $335.00 and set a “buy” rating for the company in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $298.59.

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.