Roffman Miller Associates Inc. PA Boosts Holdings in General Dynamics Co. (NYSE:GD)

Roffman Miller Associates Inc. PA lifted its holdings in General Dynamics Co. (NYSE:GD) by 10.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,910 shares of the aerospace company’s stock after buying an additional 6,294 shares during the quarter. Roffman Miller Associates Inc. PA’s holdings in General Dynamics were worth $18,157,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of research firms have commented on GD. TD Cowen reduced their target price on General Dynamics from $315.00 to $295.00 in a report on Tuesday, January 28th. Wells Fargo & Company decreased their price target on General Dynamics from $279.00 to $276.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th. The Goldman Sachs Group reduced their price objective on General Dynamics from $245.00 to $241.00 and set a “sell” rating for the company in a research note on Tuesday, January 28th. Wolfe Research cut General Dynamics from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, December 11th. Finally, Citigroup cut their price objective on General Dynamics from $360.00 to $335.00 and set a “buy” rating for the company in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $298.59.

General Dynamics Price Performance

Shares of NYSE GD opened at $243.02 on Monday. The firm has a market cap of $65.70 billion, a PE ratio of 17.82, a PEG ratio of 1.69 and a beta of 0.61. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. General Dynamics Co. has a 1-year low of $239.87 and a 1-year high of $316.90. The company has a fifty day moving average price of $259.68 and a 200 day moving average price of $282.49.

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 return on equity of 17.10% and a net margin of 7.93%. Research analysts predict that General Dynamics Co. will post 14.83 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 17th were issued a $1.42 dividend. The ex-dividend date was Friday, January 17th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.34%. General Dynamics’s payout ratio is 41.64%.

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

Insider Activity

In other General Dynamics news, Director Laura J. Schumacher sold 1,796 shares of the 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 of the company’s stock, valued at $2,857,224. This represents a 13.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.52% of the stock is owned by insiders.

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.