Processus Wealth & Capital Management LLC Has $1.75 Million Stake in General Dynamics Co. (NYSE:GD)

Processus Wealth & Capital Management LLC increased its holdings in shares of General Dynamics Co. (NYSE:GD) by 0.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 6,627 shares of the aerospace company’s stock after purchasing an additional 56 shares during the period. General Dynamics accounts for approximately 1.4% of Processus Wealth & Capital Management LLC’s holdings, making the stock its 26th largest position. Processus Wealth & Capital Management LLC’s holdings in General Dynamics were worth $1,746,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of GD. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of General Dynamics by 37.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,629 shares of the aerospace company’s stock worth $5,291,000 after acquiring an additional 4,779 shares during the period. PFG Investments LLC increased its holdings in shares of General Dynamics by 10.3% during the third quarter. PFG Investments LLC now owns 1,708 shares of the aerospace company’s stock worth $516,000 after buying an additional 160 shares in the last quarter. Modera Wealth Management LLC increased its holdings in shares of General Dynamics by 23.5% during the third quarter. Modera Wealth Management LLC now owns 10,032 shares of the aerospace company’s stock worth $3,032,000 after buying an additional 1,912 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of General Dynamics by 11.3% during the third quarter. State of Alaska Department of Revenue now owns 37,266 shares of the aerospace company’s stock worth $11,260,000 after acquiring an additional 3,770 shares during the last quarter. Finally, J.W. Cole Advisors Inc. lifted its position in shares of General Dynamics by 26.3% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 10,976 shares of the aerospace company’s stock worth $3,317,000 after purchasing an additional 2,284 shares during the period. Institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on GD shares. William Blair downgraded shares of General Dynamics from an “outperform” rating to a “market perform” rating in a research report on Friday. Susquehanna decreased their price target on shares of General Dynamics from $315.00 to $300.00 and set a “positive” rating for the company in a research note on Thursday, January 30th. JPMorgan Chase & Co. cut their price objective on shares of General Dynamics from $307.00 to $284.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Citigroup cut their price objective on shares of General Dynamics from $360.00 to $335.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $300.00 price target (down from $345.00) on shares of General Dynamics in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, General Dynamics presently has a consensus rating of “Hold” and an average price target of $298.59.

Insider Activity at General Dynamics

In related news, Director Laura J. Schumacher sold 1,796 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $255.68, for a total value of $459,201.28. Following the sale, the director now owns 11,175 shares in the company, valued at approximately $2,857,224. This trade represents a 13.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.60% of the stock is currently owned by insiders.

General Dynamics Price Performance

GD opened at $246.24 on Tuesday. The stock has a fifty day simple moving average of $259.28 and a two-hundred day simple moving average of $282.18. 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 company has a market cap of $66.57 billion, a price-to-earnings ratio of 18.05, a price-to-earnings-growth ratio of 1.69 and a beta of 0.61. General Dynamics Co. has a 12-month low of $239.87 and a 12-month high of $316.90.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share (EPS) 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%. Research analysts predict that General Dynamics Co. will post 14.83 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

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

General Dynamics declared that its Board of Directors has initiated a stock repurchase program on Wednesday, December 4th that permits the company to repurchase 10,000,000 outstanding shares. This repurchase authorization permits the aerospace company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

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.