Kohmann Bosshard Financial Services LLC Takes $26,000 Position in General Dynamics Co. (NYSE:GD)

Kohmann Bosshard Financial Services LLC purchased a new position in General Dynamics Co. (NYSE:GD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 100 shares of the aerospace company’s stock, valued at approximately $26,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Jeppson Wealth Management LLC boosted its stake in shares of General Dynamics by 3.8% in the third quarter. Jeppson Wealth Management LLC now owns 955 shares of the aerospace company’s stock worth $289,000 after acquiring an additional 35 shares during the last quarter. Community Bank N.A. lifted its holdings in General Dynamics by 0.6% in the 3rd quarter. Community Bank N.A. now owns 5,461 shares of the aerospace company’s stock valued at $1,650,000 after purchasing an additional 35 shares in the last quarter. Forum Financial Management LP boosted its stake in General Dynamics by 1.8% during the 3rd quarter. Forum Financial Management LP now owns 2,042 shares of the aerospace company’s stock worth $617,000 after purchasing an additional 37 shares during the last quarter. Freedom Investment Management Inc. grew its holdings in shares of General Dynamics by 0.9% during the third quarter. Freedom Investment Management Inc. now owns 4,344 shares of the aerospace company’s stock worth $1,313,000 after buying an additional 37 shares in the last quarter. Finally, Purus Wealth Management LLC raised its position in shares of General Dynamics by 1.5% in the fourth quarter. Purus Wealth Management LLC now owns 2,660 shares of the aerospace company’s stock valued at $701,000 after buying an additional 39 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Stock Down 1.3 %

Shares of NYSE GD opened at $250.68 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 1.37 and a debt-to-equity ratio of 0.33. The business’s 50 day moving average is $257.79 and its two-hundred day moving average is $280.39. General Dynamics Co. has a 52-week low of $239.87 and a 52-week high of $316.90. The firm has a market cap of $67.77 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 1.69 and a beta of 0.61.

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 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%. Research analysts predict that General Dynamics Co. will post 14.83 EPS for the current year.

General Dynamics announced that its board has initiated a share repurchase plan on Wednesday, December 4th that authorizes the company to repurchase 10,000,000 outstanding shares. This repurchase authorization authorizes the aerospace company to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Baird R W lowered shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. The Goldman Sachs Group lowered their target price on General Dynamics from $245.00 to $241.00 and set a “sell” rating on the stock in a report on Tuesday, January 28th. JPMorgan Chase & Co. cut their price target on General Dynamics from $307.00 to $284.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Citigroup lowered their price objective on General Dynamics from $360.00 to $335.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. Finally, Royal Bank of Canada cut their target price on General Dynamics from $290.00 to $280.00 and set a “sector perform” rating for the company in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, General Dynamics has an average rating of “Hold” and an average price target of $296.71.

Insider Activity

In other news, Director Laura J. Schumacher sold 1,796 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $255.68, for a total transaction of $459,201.28. Following the sale, the director now owns 11,175 shares of the company’s stock, valued at approximately $2,857,224. This represents a 13.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.52% of the company’s stock.

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.