Accurate Wealth Management LLC Acquires 260 Shares of General Dynamics Co. (NYSE:GD)

Accurate Wealth Management LLC boosted its holdings in shares of General Dynamics Co. (NYSE:GD) by 8.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,393 shares of the aerospace company’s stock after buying an additional 260 shares during the period. Accurate Wealth Management LLC’s holdings in General Dynamics were worth $881,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Coston McIsaac & Partners boosted its stake in General Dynamics by 22.8% during the third quarter. Coston McIsaac & Partners now owns 178 shares of the aerospace company’s stock valued at $53,000 after buying an additional 33 shares during the period. Global X Japan Co. Ltd. boosted its stake in General Dynamics by 2.3% during the third quarter. Global X Japan Co. Ltd. now owns 1,482 shares of the aerospace company’s stock valued at $448,000 after buying an additional 33 shares during the period. Grove Bank & Trust boosted its stake in General Dynamics by 10.6% during the third quarter. Grove Bank & Trust now owns 354 shares of the aerospace company’s stock valued at $107,000 after buying an additional 34 shares during the period. Trueblood Wealth Management LLC boosted its stake in General Dynamics by 1.6% during the third quarter. Trueblood Wealth Management LLC now owns 2,223 shares of the aerospace company’s stock valued at $672,000 after buying an additional 34 shares during the period. Finally, Jeppson Wealth Management LLC boosted its stake in General Dynamics by 3.8% during the third quarter. Jeppson Wealth Management LLC now owns 955 shares of the aerospace company’s stock valued at $289,000 after buying an additional 35 shares during the period. Institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Up 0.3 %

NYSE GD opened at $265.89 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.32 and a quick ratio of 0.80. The stock has a market capitalization of $73.11 billion, a PE ratio of 20.25, a PEG ratio of 1.62 and a beta of 0.61. General Dynamics Co. has a 1 year low of $247.36 and a 1 year high of $316.90. The business’s 50-day moving average is $275.30 and its 200 day moving average is $288.61.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share for the quarter, missing the consensus estimate of $3.48 by ($0.13). The firm had revenue of $11.67 billion for the quarter, compared to the consensus estimate of $11.65 billion. General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The business’s revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.04 earnings per share. Sell-side analysts forecast that General Dynamics Co. will post 13.84 earnings per share for the current year.

General Dynamics announced that its Board of Directors has approved a share repurchase program on Wednesday, December 4th that authorizes the company to repurchase 10,000,000 outstanding shares. This repurchase authorization authorizes the aerospace company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

General Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 17th will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $5.68 annualized dividend and a yield of 2.14%. General Dynamics’s payout ratio is 43.26%.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of General Dynamics stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $280.91, for a total transaction of $1,556,241.40. Following the sale, the vice president now directly owns 20,296 shares of the company’s stock, valued at approximately $5,701,349.36. The trade was a 21.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.52% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on GD. Deutsche Bank Aktiengesellschaft lowered their price target on General Dynamics from $303.00 to $295.00 and set a “hold” rating on the stock in a research report on Thursday, January 2nd. Citigroup raised their price target on General Dynamics from $331.00 to $354.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Baird R W downgraded General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. The Goldman Sachs Group downgraded General Dynamics from a “neutral” rating to a “sell” rating and lowered their price target for the company from $283.00 to $245.00 in a research report on Thursday, December 12th. Finally, Vertical Research downgraded General Dynamics from a “buy” rating to a “hold” rating and lowered their price target for the company from $352.00 to $290.00 in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, General Dynamics currently has an average rating of “Hold” and a consensus target price of $304.53.

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.