Community Bank N.A. Buys 100 Shares of General Dynamics Co. (NYSE:GD)

Community Bank N.A. grew its stake in shares of General Dynamics Co. (NYSE:GD) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,561 shares of the aerospace company’s stock after buying an additional 100 shares during the quarter. Community Bank N.A.’s holdings in General Dynamics were worth $1,465,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of GD. Financial Life Planners bought a new stake in shares of General Dynamics in the fourth quarter worth about $25,000. Whipplewood Advisors LLC bought a new stake in General Dynamics during the 4th quarter valued at approximately $26,000. Kohmann Bosshard Financial Services LLC bought a new stake in General Dynamics during the 4th quarter valued at approximately $26,000. Sugar Maple Asset Management LLC bought a new stake in General Dynamics during the 4th quarter valued at approximately $28,000. Finally, Heck Capital Advisors LLC bought a new stake in General Dynamics during the 4th quarter valued at approximately $28,000. 86.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GD has been the topic of several research reports. Vertical Research cut General Dynamics from a “buy” rating to a “hold” rating and cut their price objective for the company from $352.00 to $290.00 in a research report on Monday, January 6th. TD Cowen lowered their target price on shares of General Dynamics from $315.00 to $295.00 in a report on Tuesday, January 28th. Wolfe Research lowered shares of General Dynamics from an “outperform” rating to a “peer perform” rating in a report on Wednesday, December 11th. The Goldman Sachs Group lowered their target price on shares of General Dynamics from $245.00 to $241.00 and set a “sell” rating for the company in a report on Tuesday, January 28th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $283.00 target price (down from $345.00) on shares of General Dynamics in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $297.71.

General Dynamics Price Performance

Shares of GD opened at $263.30 on Friday. The firm has a market cap of $71.18 billion, a PE ratio of 19.30, a P/E/G ratio of 1.69 and a beta of 0.59. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. The firm has a fifty day simple moving average of $258.50 and a two-hundred day simple moving average of $277.79. General Dynamics Co. has a 1-year low of $239.87 and a 1-year high of $316.90.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share 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%. On average, equities analysts anticipate that General Dynamics Co. will post 14.83 EPS for the current year.

General Dynamics Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 11th will be given a dividend of $1.50 per share. 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. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.28%. General Dynamics’s payout ratio is presently 43.99%.

General Dynamics declared that its Board of Directors has authorized a stock repurchase program on Wednesday, December 4th that permits the company to repurchase 10,000,000 shares. This repurchase authorization permits the aerospace company to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Insider Activity

In other news, Director Laura J. Schumacher sold 1,796 shares of the business’s 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 completion of the sale, the director now owns 11,175 shares of the company’s stock, valued at $2,857,224. The trade was a 13.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Marguerite Amy Gilliland sold 27,562 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $272.11, for a total transaction of $7,499,895.82. Following the sale, the senior vice president now directly owns 45,192 shares of the company’s stock, valued at approximately $12,297,195.12. The trade was 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.

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.