Concurrent Investment Advisors LLC Acquires 300 Shares of General Dynamics Co. (NYSE:GD)

Concurrent Investment Advisors LLC boosted its position in General Dynamics Co. (NYSE:GD) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,479 shares of the aerospace company’s stock after purchasing an additional 300 shares during the period. Concurrent Investment Advisors LLC’s holdings in General Dynamics were worth $4,079,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of GD. MFA Wealth Advisors LLC grew its holdings in General Dynamics by 241.7% during the 3rd quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after buying an additional 58 shares in the last quarter. Hara Capital LLC bought a new position in shares of General Dynamics in the third quarter worth $26,000. Financial Life Planners purchased a new stake in shares of General Dynamics in the fourth quarter worth $25,000. Heck Capital Advisors LLC bought a new stake in General Dynamics during the fourth quarter valued at $28,000. Finally, Sugar Maple Asset Management LLC bought a new stake in General Dynamics during the fourth quarter valued at $28,000. 86.14% of the stock is owned by institutional investors.

General Dynamics Trading Up 0.8 %

NYSE:GD opened at $246.25 on Friday. The firm has a market capitalization of $66.58 billion, a P/E ratio of 18.05, a P/E/G ratio of 1.67 and a beta of 0.61. The company has a quick ratio of 0.82, a current ratio of 1.37 and a debt-to-equity ratio of 0.33. The company has a fifty day moving average of $260.08 and a 200 day moving average of $282.84. General Dynamics Co. has a 52 week low of $239.87 and a 52 week high of $316.90.

General Dynamics (NYSE:GD) last posted 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 return on equity of 17.10% and a net margin of 7.93%. On average, research analysts predict that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics declared that its board has approved a share buyback plan 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. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

General Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 17th were paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend was Friday, January 17th. General Dynamics’s payout ratio is 41.64%.

Insider Activity at General Dynamics

In other General Dynamics news, Director Laura J. Schumacher sold 1,796 shares of the firm’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 directly owns 11,175 shares in the company, valued at $2,857,224. This trade represents a 13.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.52% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on GD. UBS Group lowered their price target on General Dynamics from $337.00 to $281.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Royal Bank of Canada dropped their target price on shares of General Dynamics from $290.00 to $280.00 and set a “sector perform” rating for the company in a research report on Thursday, January 30th. Sanford C. Bernstein decreased their price target on shares of General Dynamics from $343.00 to $331.00 and set a “market perform” rating on the stock in a report on Thursday, October 24th. Robert W. Baird reaffirmed a “neutral” rating and set a $283.00 price objective (down from $345.00) on shares of General Dynamics in a report on Tuesday, January 14th. Finally, Susquehanna reduced their target price on General Dynamics from $315.00 to $300.00 and set a “positive” rating on the stock in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, twelve have assigned 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.com, General Dynamics has a consensus rating of “Hold” and an average price target of $298.59.

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.