Davis Capital Management Has $559,000 Stock Holdings in General Dynamics Co. (NYSE:GD)

Davis Capital Management boosted its holdings in shares of General Dynamics Co. (NYSE:GD) by 7.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,120 shares of the aerospace company’s stock after buying an additional 156 shares during the period. Davis Capital Management’s holdings in General Dynamics were worth $559,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. MFA Wealth Advisors LLC raised its holdings in shares of General Dynamics by 241.7% in the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 58 shares during the last quarter. Hara Capital LLC purchased a new stake in shares of General Dynamics in the third quarter valued at about $26,000. Lowe Wealth Advisors LLC purchased a new stake in shares of General Dynamics in the third quarter valued at about $30,000. Sugar Maple Asset Management LLC purchased a new stake in shares of General Dynamics in the fourth quarter valued at about $28,000. Finally, True Wealth Design LLC purchased a new stake in shares of General Dynamics in the third quarter valued at about $34,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Citigroup increased their target price on shares of General Dynamics from $354.00 to $360.00 and gave the company a “buy” rating in a report on Tuesday. Wolfe Research lowered shares of General Dynamics from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, December 11th. Royal Bank of Canada lowered shares of General Dynamics from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $330.00 to $290.00 in a research report on Thursday, December 19th. Susquehanna reduced their price target on shares of General Dynamics from $330.00 to $315.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group lowered shares of General Dynamics from a “neutral” rating to a “sell” rating and reduced their price target for the company from $283.00 to $245.00 in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, General Dynamics presently has a consensus rating of “Hold” and an average price target of $304.88.

Insider Activity at General Dynamics

In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of General Dynamics stock in a transaction that occurred on 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 transaction, the vice president now directly owns 20,296 shares of the company’s stock, valued at approximately $5,701,349.36. This trade represents a 21.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by insiders.

General Dynamics Price Performance

GD stock opened at $271.30 on Wednesday. The firm has a 50 day moving average of $271.92 and a 200-day moving average of $288.09. The company has a current ratio of 1.32, a quick ratio of 0.80 and a debt-to-equity ratio of 0.32. General Dynamics Co. has a 12 month low of $247.88 and a 12 month high of $316.90. The firm has a market capitalization of $74.60 billion, a P/E ratio of 20.66, a price-to-earnings-growth ratio of 1.41 and a beta of 0.61.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). The firm had revenue of $11.67 billion during the quarter, compared to the consensus estimate of $11.65 billion. General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. General Dynamics’s revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the business posted $3.04 earnings per share. As a group, sell-side analysts predict that General Dynamics Co. will post 13.73 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 17th will be paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Friday, January 17th. General Dynamics’s dividend payout ratio is currently 43.26%.

General Dynamics declared that its board has approved a stock repurchase program on Wednesday, December 4th that allows the company to buyback 10,000,000 outstanding shares. This buyback authorization allows the aerospace company to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is 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.