LVW Advisors LLC Sells 471 Shares of General Dynamics Co. (NYSE:GD)

LVW Advisors LLC lessened its position in shares of General Dynamics Co. (NYSE:GD) by 4.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,773 shares of the aerospace company’s stock after selling 471 shares during the period. LVW Advisors LLC’s holdings in General Dynamics were worth $2,839,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AE Wealth Management LLC increased its position in General Dynamics by 1.8% during the 2nd quarter. AE Wealth Management LLC now owns 5,225 shares of the aerospace company’s stock worth $1,516,000 after buying an additional 94 shares during the period. Summit Trail Advisors LLC raised its stake in General Dynamics by 10.7% in the 2nd quarter. Summit Trail Advisors LLC now owns 1,293 shares of the aerospace company’s stock worth $375,000 after purchasing an additional 125 shares in the last quarter. Kowal Investment Group LLC boosted its holdings in General Dynamics by 12.0% in the 2nd quarter. Kowal Investment Group LLC now owns 3,049 shares of the aerospace company’s stock valued at $885,000 after purchasing an additional 327 shares during the period. Frank Rimerman Advisors LLC grew its position in shares of General Dynamics by 3,139.0% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 1,911 shares of the aerospace company’s stock worth $554,000 after purchasing an additional 1,852 shares in the last quarter. Finally, 1832 Asset Management L.P. grew its position in shares of General Dynamics by 2,189.3% during the 2nd quarter. 1832 Asset Management L.P. now owns 374,207 shares of the aerospace company’s stock worth $108,572,000 after purchasing an additional 357,861 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Stock Down 0.7 %

NYSE:GD opened at $266.86 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.32 and a quick ratio of 0.80. General Dynamics Co. has a one year low of $247.36 and a one year high of $316.90. The firm’s 50 day simple moving average is $272.86 and its 200 day simple moving average is $288.19. The company has a market cap of $73.38 billion, a PE ratio of 20.32, a P/E/G ratio of 1.38 and a beta of 0.61.

General Dynamics (NYSE:GD) last issued 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 business had revenue of $11.67 billion during the quarter, compared to the consensus estimate of $11.65 billion. General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.04 EPS. On average, research analysts anticipate that General Dynamics Co. will post 13.81 earnings per share for the current year.

General Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.13%. General Dynamics’s dividend payout ratio (DPR) is 43.26%.

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on GD shares. Citigroup boosted their price target on General Dynamics from $331.00 to $354.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Wells Fargo & Company reduced their target price on General Dynamics from $295.00 to $279.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. TD Cowen raised General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 8th. Wolfe Research downgraded shares of General Dynamics from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, December 11th. Finally, Royal Bank of Canada cut shares of General Dynamics from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $330.00 to $290.00 in a research report on Thursday, December 19th. One 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.com, the company currently has a consensus rating of “Hold” and a consensus target price of $304.53.

Insider Activity at General Dynamics

In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of the stock in a transaction dated 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 directly owns 20,296 shares in the company, valued at approximately $5,701,349.36. This trade represents a 21.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.60% of the stock is currently owned by company insiders.

General Dynamics 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.