Copperwynd Financial LLC Has $258,000 Stake in General Dynamics Co. (NYSE:GD)

Copperwynd Financial LLC trimmed its holdings in General Dynamics Co. (NYSE:GD) by 9.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 981 shares of the aerospace company’s stock after selling 102 shares during the period. Copperwynd Financial LLC’s holdings in General Dynamics were worth $258,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in GD. United Bank lifted its position in shares of General Dynamics by 4.0% in the third quarter. United Bank now owns 5,776 shares of the aerospace company’s stock valued at $1,746,000 after buying an additional 224 shares during the last quarter. Harbour Investments Inc. lifted its holdings in General Dynamics by 19.6% during the 3rd quarter. Harbour Investments Inc. now owns 3,258 shares of the aerospace company’s stock worth $985,000 after purchasing an additional 534 shares during the last quarter. Aptus Capital Advisors LLC lifted its holdings in General Dynamics by 16.2% during the 3rd quarter. Aptus Capital Advisors LLC now owns 4,895 shares of the aerospace company’s stock worth $1,479,000 after purchasing an additional 684 shares during the last quarter. Huntington National Bank lifted its holdings in General Dynamics by 7.6% during the 3rd quarter. Huntington National Bank now owns 18,488 shares of the aerospace company’s stock worth $5,587,000 after purchasing an additional 1,311 shares during the last quarter. Finally, Curi RMB Capital LLC lifted its holdings in General Dynamics by 9.6% during the 3rd quarter. Curi RMB Capital LLC now owns 1,037 shares of the aerospace company’s stock worth $314,000 after purchasing an additional 91 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other General Dynamics news, SVP Marguerite Amy Gilliland sold 27,562 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $272.11, for a total value of $7,499,895.82. Following the sale, the senior vice president now owns 45,192 shares in the company, valued at approximately $12,297,195.12. The trade was a 37.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Laura J. Schumacher sold 1,796 shares of the company’s 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 completion of the sale, the director now owns 11,175 shares in the company, valued at $2,857,224. This trade represents a 13.85 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.52% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on GD shares. Barclays dropped their price target on General Dynamics from $305.00 to $285.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Vertical Research cut General Dynamics from a “buy” rating to a “hold” rating and dropped their price target for the stock from $352.00 to $290.00 in a report on Monday, January 6th. Citigroup dropped their price target on General Dynamics from $360.00 to $335.00 and set a “buy” rating for the company in a report on Monday, February 10th. Wells Fargo & Company raised their price objective on General Dynamics from $244.00 to $261.00 and gave the stock an “equal weight” rating in a research note on Friday, March 7th. Finally, Royal Bank of Canada lowered their price objective on General Dynamics from $290.00 to $280.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, General Dynamics presently has an average rating of “Hold” and an average price target of $297.71.

General Dynamics Trading Up 0.4 %

Shares of GD opened at $262.19 on Friday. The firm has a market cap of $70.88 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 1.69 and a beta of 0.59. General Dynamics Co. has a 52-week low of $239.87 and a 52-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 business’s fifty day moving average is $257.89 and its 200-day moving average is $278.98.

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 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%. Equities analysts anticipate that General Dynamics Co. will post 14.83 EPS for the current fiscal year.

General Dynamics announced that its board has approved a share repurchase plan on Wednesday, December 4th that authorizes the company to repurchase 10,000,000 outstanding shares. This repurchase authorization authorizes the aerospace company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

General Dynamics Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 11th will be issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend is Friday, April 11th. This is a boost from General Dynamics’s previous quarterly dividend of $1.42. General Dynamics’s dividend payout ratio is presently 43.99%.

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.