Nilsine Partners LLC Purchases 735 Shares of General Dynamics Co. (NYSE:GD)

Nilsine Partners LLC lifted its position in shares of General Dynamics Co. (NYSE:GD) by 27.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,419 shares of the aerospace company’s stock after acquiring an additional 735 shares during the period. Nilsine Partners LLC’s holdings in General Dynamics were worth $901,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. MFA Wealth Advisors LLC boosted its holdings in shares of General Dynamics by 241.7% in the 3rd quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 58 shares in the last quarter. Hara Capital LLC acquired a new stake in General Dynamics in the third quarter valued at about $26,000. Sugar Maple Asset Management LLC bought a new position in General Dynamics in the fourth quarter valued at about $28,000. Lowe Wealth Advisors LLC bought a new position in General Dynamics in the third quarter valued at about $30,000. Finally, True Wealth Design LLC acquired a new position in General Dynamics during the third quarter worth about $34,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Price Performance

General Dynamics stock opened at $262.33 on Wednesday. The stock has a market capitalization of $72.13 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 1.43 and a beta of 0.61. General Dynamics Co. has a 52-week low of $257.26 and a 52-week high of $316.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.80 and a current ratio of 1.32. The stock’s 50 day moving average price is $268.94 and its two-hundred day moving average price is $287.64.

General Dynamics announced that its Board of Directors has approved a share buyback plan on Wednesday, December 4th that allows the company to buyback 10,000,000 shares. This buyback authorization allows the aerospace company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

General Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 17th will be issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Friday, January 17th. General Dynamics’s payout ratio is 43.26%.

Insider Activity

In other news, VP Christopher J. Brady sold 5,540 shares of the business’s 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 completion of the sale, the vice president now owns 20,296 shares in the company, valued at $5,701,349.36. The trade was a 21.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Vertical Research lowered shares of General Dynamics from a “buy” rating to a “hold” rating and decreased their price target for the company from $352.00 to $290.00 in a report on Monday, January 6th. Citigroup boosted their target price on shares of General Dynamics from $354.00 to $360.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Susquehanna dropped their price target on General Dynamics from $330.00 to $315.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Seaport Res Ptn lowered General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Finally, Barclays cut their price target on General Dynamics from $330.00 to $305.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $303.28.

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.