Savant Capital LLC Has $1.22 Million Holdings in General Dynamics Co. (NYSE:GD)

Savant Capital LLC trimmed its holdings in shares of General Dynamics Co. (NYSE:GD) by 44.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,618 shares of the aerospace company’s stock after selling 3,696 shares during the quarter. Savant Capital LLC’s holdings in General Dynamics were worth $1,217,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Creative Planning raised its holdings in General Dynamics by 4.2% in the 3rd quarter. Creative Planning now owns 46,948 shares of the aerospace company’s stock worth $14,188,000 after acquiring an additional 1,906 shares during the period. Cornerstone Wealth Management LLC increased its stake in shares of General Dynamics by 2.9% in the third quarter. Cornerstone Wealth Management LLC now owns 5,775 shares of the aerospace company’s stock worth $1,745,000 after purchasing an additional 162 shares during the period. Bleakley Financial Group LLC lifted its position in shares of General Dynamics by 2.3% during the 3rd quarter. Bleakley Financial Group LLC now owns 6,808 shares of the aerospace company’s stock worth $2,057,000 after purchasing an additional 150 shares during the last quarter. Marshall Financial Group LLC bought a new stake in General Dynamics during the 3rd quarter valued at approximately $582,000. Finally, Trust Co. of Vermont grew its holdings in General Dynamics by 1.0% in the 3rd quarter. Trust Co. of Vermont now owns 7,101 shares of the aerospace company’s stock valued at $2,146,000 after buying an additional 73 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, VP Christopher J. Brady sold 5,540 shares of the firm’s stock in a transaction on 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 transaction, the vice president now directly owns 20,296 shares in the company, valued at $5,701,349.36. This trade represents a 21.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Laura J. Schumacher sold 1,796 shares of the company’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 owns 11,175 shares of the company’s stock, valued at $2,857,224. This represents a 13.85 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.52% of the company’s stock.

Analysts Set New Price Targets

GD has been the subject of several research reports. BTIG Research cut General Dynamics from a “buy” rating to a “neutral” rating in a research report on Thursday. Royal Bank of Canada decreased their price target on shares of General Dynamics from $290.00 to $280.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 30th. Baird R W downgraded shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft decreased their target price 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. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $300.00 price target (down previously from $345.00) on shares of General Dynamics in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $298.59.

General Dynamics Stock Performance

NYSE GD opened at $241.98 on Friday. General Dynamics Co. has a 1-year low of $239.87 and a 1-year high of $316.90. The company has a 50 day moving average of $262.55 and a 200-day moving average of $284.58. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. The firm has a market cap of $66.54 billion, a price-to-earnings ratio of 17.74, a PEG ratio of 1.61 and a beta of 0.61.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.29 by ($0.14). General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. On average, equities analysts forecast that General Dynamics Co. will post 14.84 earnings per share for the current fiscal year.

General Dynamics announced that its Board of Directors has authorized a share repurchase plan on Wednesday, December 4th that permits the company to repurchase 10,000,000 outstanding shares. This repurchase authorization permits the aerospace company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

General Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 17th were given a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 2.35%. The ex-dividend date was Friday, January 17th. General Dynamics’s payout ratio is presently 41.64%.

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.