Wealthcare Advisory Partners LLC Sells 793 Shares of General Dynamics Co. (NYSE:GD)

Wealthcare Advisory Partners LLC trimmed its stake in General Dynamics Co. (NYSE:GD) by 24.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,390 shares of the aerospace company’s stock after selling 793 shares during the period. Wealthcare Advisory Partners LLC’s holdings in General Dynamics were worth $630,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of GD. Coston McIsaac & Partners grew its position in General Dynamics by 22.8% during the 3rd quarter. Coston McIsaac & Partners now owns 178 shares of the aerospace company’s stock worth $53,000 after acquiring an additional 33 shares during the last quarter. Global X Japan Co. Ltd. grew its holdings in shares of 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 worth $448,000 after purchasing an additional 33 shares during the last quarter. Grove Bank & Trust increased its stake in shares of General Dynamics by 10.6% in 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 in the last quarter. Trueblood Wealth Management LLC raised its holdings in shares of General Dynamics by 1.6% in 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 last quarter. Finally, Jeppson Wealth Management LLC lifted its position in General Dynamics by 3.8% during the 3rd quarter. Jeppson Wealth Management LLC now owns 955 shares of the aerospace company’s stock worth $289,000 after buying an additional 35 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at General Dynamics

In other news, VP Christopher J. Brady sold 5,540 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $280.91, for a total value of $1,556,241.40. Following the sale, the vice president now directly 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

GD has been the subject of a number of research analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and issued a $300.00 target price (down from $345.00) on shares of General Dynamics in a research note on Thursday, December 12th. Robert W. Baird restated a “neutral” rating and issued a $283.00 price objective (down previously from $345.00) on shares of General Dynamics in a research report on Tuesday, January 14th. The Goldman Sachs Group lowered General Dynamics from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $283.00 to $245.00 in a research report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft dropped their target price on General Dynamics from $303.00 to $295.00 and set a “hold” rating for the company in a research report on Thursday, January 2nd. Finally, Susquehanna decreased their price target on General Dynamics from $330.00 to $315.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $304.53.

General Dynamics Stock Performance

Shares of General Dynamics stock opened at $266.86 on Tuesday. The stock’s fifty day simple moving average is $272.86 and its 200 day simple moving average is $288.21. The company has a current ratio of 1.32, a quick ratio of 0.80 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $73.38 billion, a PE ratio of 20.32, a PEG ratio of 1.38 and a beta of 0.61. General Dynamics Co. has a 12 month low of $247.36 and a 12 month high of $316.90.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. The business had revenue of $11.67 billion for the quarter, compared to analyst estimates of $11.65 billion. During the same period in the prior year, the business earned $3.04 EPS. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, research analysts predict that General Dynamics Co. will post 13.81 EPS for the current year.

General Dynamics announced that its Board of Directors has approved a share buyback program on Wednesday, December 4th that allows the company to repurchase 10,000,000 outstanding shares. This repurchase authorization allows the aerospace company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership 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. Stockholders of record on Friday, January 17th will be issued a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Friday, January 17th. General Dynamics’s dividend payout ratio (DPR) is presently 43.26%.

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.