General Dynamics Co. (NYSE:GD) Shares Acquired by Callan Family Office LLC

Callan Family Office LLC lifted its stake in General Dynamics Co. (NYSE:GD) by 83.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,989 shares of the aerospace company’s stock after acquiring an additional 1,814 shares during the quarter. Callan Family Office LLC’s holdings in General Dynamics were worth $1,051,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Financial Life Planners acquired a new position in General Dynamics during the fourth quarter worth $25,000. Whipplewood Advisors LLC acquired a new stake in shares of General Dynamics in the fourth quarter valued at $26,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of General Dynamics in the 4th quarter valued at $26,000. Heck Capital Advisors LLC acquired a new position in General Dynamics during the 4th quarter worth about $28,000. Finally, Sugar Maple Asset Management LLC purchased a new position in General Dynamics during the 4th quarter valued at about $28,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Performance

Shares of GD opened at $271.82 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.37 and a debt-to-equity ratio of 0.33. General Dynamics Co. has a 52-week low of $239.87 and a 52-week high of $316.90. The stock has a 50 day moving average price of $257.80 and a 200 day moving average price of $279.88. The company has a market capitalization of $73.49 billion, a price-to-earnings ratio of 19.93, a price-to-earnings-growth ratio of 1.69 and a beta of 0.59.

General Dynamics (NYSE:GD) last issued its earnings results 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 fiscal year.

General Dynamics Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 11th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.21%. This is a boost from General Dynamics’s previous quarterly dividend of $1.42. General Dynamics’s payout ratio is 41.64%.

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Wells Fargo & Company boosted their price target on shares of General Dynamics from $244.00 to $261.00 and gave the stock an “equal weight” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft cut their target price on shares of General Dynamics from $303.00 to $295.00 and set a “hold” rating on the stock in a research note on Thursday, January 2nd. Citigroup reduced their target price 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. 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, UBS Group reduced their price objective on General Dynamics from $337.00 to $281.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, General Dynamics currently has a consensus rating of “Hold” and an average target price of $297.71.

Insider Activity

In other news, Director Laura J. Schumacher sold 1,796 shares of General Dynamics stock in a transaction 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 transaction, the director now directly owns 11,175 shares of the company’s stock, valued at $2,857,224. The trade was a 13.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.60% of the company’s stock.

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.