Capital City Trust Co. FL Acquires 120 Shares of General Dynamics Co. (NYSE:GD)

Capital City Trust Co. FL boosted its holdings in shares of General Dynamics Co. (NYSE:GD) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,336 shares of the aerospace company’s stock after acquiring an additional 120 shares during the quarter. General Dynamics accounts for about 1.7% of Capital City Trust Co. FL’s portfolio, making the stock its 14th largest position. Capital City Trust Co. FL’s holdings in General Dynamics were worth $6,676,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new position in shares of General Dynamics in the 4th quarter worth approximately $25,000. Hara Capital LLC acquired a new position in shares of General Dynamics in the 3rd quarter worth approximately $26,000. Sugar Maple Asset Management LLC acquired a new position in shares of General Dynamics in the 4th quarter worth approximately $28,000. Heck Capital Advisors LLC acquired a new position in shares of General Dynamics in the 4th quarter worth approximately $28,000. Finally, Financial Perspectives Inc lifted its position in shares of General Dynamics by 195.0% in the 4th quarter. Financial Perspectives Inc now owns 118 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 78 shares during the period. 86.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GD has been the topic of a number of recent analyst reports. Royal Bank of Canada dropped their price target on shares of General Dynamics from $290.00 to $280.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 30th. Robert W. Baird reiterated a “neutral” rating and set a $283.00 target price (down previously from $345.00) on shares of General Dynamics in a research report on Tuesday, January 14th. William Blair downgraded shares of General Dynamics from an “outperform” rating to a “market perform” rating in a research report on Friday. TD Cowen dropped their target price on shares of General Dynamics from $315.00 to $295.00 in a research report on Tuesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of General Dynamics from $303.00 to $295.00 and set a “hold” rating on the stock in a research report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, General Dynamics presently has a consensus rating of “Hold” and a consensus target price of $298.59.

General Dynamics Stock Performance

NYSE GD opened at $243.02 on Friday. General Dynamics Co. has a 1 year low of $239.87 and a 1 year 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 firm has a market cap of $65.70 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 1.68 and a beta of 0.61. The company has a fifty day moving average price of $259.68 and a 200-day moving average price of $282.54.

General Dynamics (NYSE:GD) last posted 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%. As a group, equities research analysts predict that General Dynamics Co. will post 14.83 EPS for the current fiscal year.

General Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 17th were given a dividend of $1.42 per share. The ex-dividend date of this dividend was Friday, January 17th. This represents a $5.68 annualized dividend and a yield of 2.34%. General Dynamics’s payout ratio is currently 41.64%.

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

Insider Activity at General Dynamics

In related 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 transaction of $459,201.28. Following the completion of the transaction, the director now owns 11,175 shares in the company, valued at approximately $2,857,224. This represents a 13.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.52% of the stock is owned by company insiders.

General Dynamics 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.