Uncommon Cents Investing LLC Trims Stock Holdings in General Dynamics Co. (NYSE:GD)

Uncommon Cents Investing LLC lowered its stake in shares of General Dynamics Co. (NYSE:GD) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,845 shares of the aerospace company’s stock after selling 65 shares during the period. Uncommon Cents Investing LLC’s holdings in General Dynamics were worth $998,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Certified Advisory Corp purchased a new position in shares of General Dynamics during the first quarter valued at approximately $25,000. Briaud Financial Planning Inc purchased a new position in shares of General Dynamics during the 3rd quarter worth $27,000. Impact Partnership Wealth LLC boosted its holdings in shares of General Dynamics by 411.5% during the third quarter. Impact Partnership Wealth LLC now owns 133 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 107 shares during the last quarter. Live Oak Investment Partners purchased a new stake in shares of General Dynamics in the fourth quarter valued at $30,000. Finally, Tyler Stone Wealth Management acquired a new position in General Dynamics in the second quarter valued at $30,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Activity at General Dynamics

In other General Dynamics news, EVP Mark C. Roualet sold 73,330 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $264.75, for a total value of $19,414,117.50. Following the transaction, the executive vice president now directly owns 149,205 shares of the company’s stock, valued at approximately $39,502,023.75. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Phebe N. Novakovic sold 32,355 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $264.31, for a total transaction of $8,551,750.05. Following the transaction, the chief executive officer now owns 773,977 shares of the company’s stock, valued at $204,569,860.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark C. Roualet sold 73,330 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $264.75, for a total value of $19,414,117.50. Following the completion of the sale, the executive vice president now directly owns 149,205 shares of the company’s stock, valued at $39,502,023.75. The disclosure for this sale can be found here. 1.52% of the stock is currently owned by company insiders.

General Dynamics Stock Up 0.2 %

Shares of NYSE:GD opened at $282.43 on Friday. The company has a 50 day moving average of $270.29 and a two-hundred day moving average of $251.75. General Dynamics Co. has a 52-week low of $202.35 and a 52-week high of $284.75. The company has a quick ratio of 0.92, a current ratio of 1.44 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $77.49 billion, a price-to-earnings ratio of 23.50, a price-to-earnings-growth ratio of 1.79 and a beta of 0.68.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $3.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.68 by ($0.04). General Dynamics had a return on equity of 16.61% and a net margin of 7.84%. The firm had revenue of $11.67 billion for the quarter, compared to analysts’ expectations of $11.39 billion. During the same period last year, the firm earned $3.58 EPS. The business’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, analysts forecast that General Dynamics Co. will post 14.59 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 12th will be paid a $1.42 dividend. This is a boost from General Dynamics’s previous quarterly dividend of $1.32. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $5.68 annualized dividend and a dividend yield of 2.01%. General Dynamics’s payout ratio is 43.93%.

Analyst Ratings Changes

A number of analysts have issued reports on GD shares. UBS Group raised their price target on General Dynamics from $286.00 to $296.00 and gave the stock a “neutral” rating in a research note on Monday, January 29th. Citigroup boosted their target price on shares of General Dynamics from $283.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Alembic Global Advisors lowered shares of General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 price target on the stock. in a report on Monday, January 29th. Royal Bank of Canada reissued an “outperform” rating and set a $300.00 price objective on shares of General Dynamics in a research note on Thursday, January 25th. Finally, StockNews.com cut General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 3rd. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $271.69.

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.