General Dynamics Co. (NYSE:GD) Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC decreased its stake in shares of General Dynamics Co. (NYSE:GD) by 29.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,698 shares of the aerospace company’s stock after selling 2,772 shares during the period. Axxcess Wealth Management LLC’s holdings in General Dynamics were worth $1,765,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of GD. Financial Life Planners acquired a new position in General Dynamics during the fourth quarter worth approximately $25,000. Whipplewood Advisors LLC acquired a new position in General Dynamics during the fourth quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC acquired a new position in General Dynamics during the fourth quarter worth approximately $26,000. Sugar Maple Asset Management LLC acquired a new position in General Dynamics during the fourth quarter worth approximately $28,000. Finally, Heck Capital Advisors LLC acquired a new position in General Dynamics during the fourth quarter worth approximately $28,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Trading Up 0.2 %

NYSE GD opened at $268.11 on Thursday. General Dynamics Co. has a 12 month low of $239.87 and a 12 month high of $316.90. 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 capitalization of $72.48 billion, a price-to-earnings ratio of 19.66, a price-to-earnings-growth ratio of 1.69 and a beta of 0.59. The company’s fifty day moving average price is $258.34 and its two-hundred day moving average price is $278.25.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, January 29th. The aerospace company reported $4.15 EPS 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, research analysts predict that General Dynamics Co. will post 14.83 earnings per share for the current fiscal year.

General Dynamics announced that its board has authorized a share buyback program on Wednesday, December 4th that permits the company to repurchase 10,000,000 outstanding shares. This repurchase authorization permits the aerospace company to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

General Dynamics Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 11th will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 2.24%. This is an increase from General Dynamics’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Friday, April 11th. General Dynamics’s dividend payout ratio is 43.99%.

Insider Transactions at General Dynamics

In other news, Director Laura J. Schumacher sold 1,796 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $255.68, for a total value of $459,201.28. Following the transaction, the director now directly 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 filing with the SEC, which can be accessed through the SEC website. Also, SVP Marguerite Amy Gilliland sold 27,562 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $272.11, for a total transaction of $7,499,895.82. Following the completion of the sale, the senior vice president now directly owns 45,192 shares in the company, valued at approximately $12,297,195.12. This trade represents a 37.88 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Susquehanna dropped their price target on shares of General Dynamics from $315.00 to $300.00 and set a “positive” rating for the company in a research report on Thursday, January 30th. UBS Group dropped their price objective on shares of General Dynamics from $337.00 to $281.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. JPMorgan Chase & Co. dropped their price objective on shares of General Dynamics from $307.00 to $284.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Citigroup dropped their price objective on shares of General Dynamics from $360.00 to $335.00 and set a “buy” rating for the company in a research report on Monday, February 10th. Finally, BTIG Research lowered shares of General Dynamics from a “buy” rating to a “neutral” rating in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $297.71.

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.