194 Shares in General Dynamics Co. (NYSE:GD) Bought by Bradley & Co. Private Wealth Management LLC

Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of General Dynamics Co. (NYSE:GD) during the fourth quarter, Holdings Channel reports. The firm purchased 194 shares of the aerospace company’s stock, valued at approximately $51,000.

Several other hedge funds have also recently added to or reduced their stakes in GD. Mirae Asset Global Investments Co. Ltd. lifted its position in General Dynamics by 37.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,629 shares of the aerospace company’s stock worth $5,291,000 after buying an additional 4,779 shares during the last quarter. PFG Investments LLC lifted its holdings in shares of General Dynamics by 10.3% in the 3rd quarter. PFG Investments LLC now owns 1,708 shares of the aerospace company’s stock worth $516,000 after acquiring an additional 160 shares during the last quarter. Patriot Financial Group Insurance Agency LLC boosted its stake in shares of General Dynamics by 13.8% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 3,430 shares of the aerospace company’s stock valued at $1,037,000 after purchasing an additional 416 shares in the last quarter. Strategic Wealth Investment Group LLC grew its holdings in shares of General Dynamics by 336.5% during the 3rd quarter. Strategic Wealth Investment Group LLC now owns 22,058 shares of the aerospace company’s stock valued at $6,735,000 after purchasing an additional 17,005 shares during the last quarter. Finally, Pallas Capital Advisors LLC purchased a new position in General Dynamics in the 3rd quarter worth $355,000. Institutional investors own 86.14% of the company’s stock.

General Dynamics Price Performance

Shares of GD opened at $249.83 on Wednesday. General Dynamics Co. has a fifty-two week low of $239.87 and a fifty-two week high of $316.90. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.37. The stock has a market cap of $67.54 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 1.69 and a beta of 0.61. The firm’s 50-day simple moving average is $258.97 and its two-hundred day simple moving average is $281.88.

General Dynamics (NYSE:GD) last issued its 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 return on equity of 17.10% and a net margin of 7.93%. Analysts anticipate that General Dynamics Co. will post 14.83 earnings per share for the current fiscal year.

General Dynamics announced that its Board of Directors has authorized a stock repurchase program on Wednesday, December 4th that allows the company to repurchase 10,000,000 outstanding shares. This repurchase authorization allows the aerospace company to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

General Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 17th were given a $1.42 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $5.68 annualized dividend and a yield of 2.27%. General Dynamics’s payout ratio is presently 41.64%.

Insider Transactions at General Dynamics

In related news, Director Laura J. Schumacher sold 1,796 shares of General Dynamics stock in a transaction on Friday, January 31st. The shares were sold at an average price of $255.68, for a total transaction of $459,201.28. Following the transaction, the director now owns 11,175 shares in the company, valued at approximately $2,857,224. The trade was a 13.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. TD Cowen cut their price target on shares of General Dynamics from $315.00 to $295.00 in a research report on Tuesday, January 28th. Vertical Research cut General Dynamics from a “buy” rating to a “hold” rating and dropped their target price for the company from $352.00 to $290.00 in a report on Monday, January 6th. JPMorgan Chase & Co. reduced their price target on General Dynamics from $307.00 to $284.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. UBS Group lowered their price objective on General Dynamics from $337.00 to $281.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $300.00 target price (down previously from $345.00) on shares of General Dynamics in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $298.59.

About General Dynamics

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.