Fishman Jay A Ltd. MI Buys 189 Shares of General Dynamics Co. (NYSE:GD)

Fishman Jay A Ltd. MI grew its position in shares of General Dynamics Co. (NYSE:GD) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,429 shares of the aerospace company’s stock after purchasing an additional 189 shares during the quarter. General Dynamics comprises approximately 0.6% of Fishman Jay A Ltd. MI’s investment portfolio, making the stock its 23rd largest position. Fishman Jay A Ltd. MI’s holdings in General Dynamics were worth $6,700,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GD. MFA Wealth Advisors LLC lifted its stake in General Dynamics by 241.7% in the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after buying an additional 58 shares during the period. Financial Life Planners bought a new stake in shares of General Dynamics in the 4th quarter valued at $25,000. Hara Capital LLC acquired a new position in shares of General Dynamics during the 3rd quarter valued at $26,000. Sugar Maple Asset Management LLC bought a new position in General Dynamics during the fourth quarter worth $28,000. Finally, Heck Capital Advisors LLC acquired a new stake in General Dynamics in the fourth quarter worth $28,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on GD shares. Sanford C. Bernstein cut their price objective on shares of General Dynamics from $343.00 to $331.00 and set a “market perform” rating on the stock in a research report on Thursday, October 24th. Jefferies Financial Group reiterated 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. Royal Bank of Canada reduced their price objective 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. Barclays lowered their target price on General Dynamics from $305.00 to $285.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. reduced their price target on shares of General Dynamics from $307.00 to $284.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, General Dynamics presently has a consensus rating of “Hold” and an average target price of $298.59.

Insider Activity at General Dynamics

In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $280.91, for a total transaction of $1,556,241.40. Following the sale, the vice president now directly owns 20,296 shares of the company’s stock, valued at $5,701,349.36. This represents a 21.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Laura J. Schumacher sold 1,796 shares of General Dynamics stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $255.68, for a total transaction of $459,201.28. Following the completion of the transaction, the director now 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 disclosure for this sale can be found here. 1.52% of the stock is owned by company insiders.

General Dynamics Stock Up 0.2 %

GD stock opened at $256.92 on Wednesday. The stock has a market cap of $70.65 billion, a P/E ratio of 18.84, a P/E/G ratio of 1.61 and a beta of 0.61. 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 stock’s fifty day simple moving average is $264.07 and its two-hundred day simple moving average is $285.32. General Dynamics Co. has a 1-year low of $247.01 and a 1-year high of $316.90.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share 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%. Analysts expect that General Dynamics Co. will post 14.84 EPS for the current year.

General Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 17th were issued a $1.42 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.21%. General Dynamics’s dividend payout ratio (DPR) is presently 41.64%.

General Dynamics declared that its board has approved a share buyback program on Wednesday, December 4th that authorizes the company to repurchase 10,000,000 shares. This repurchase authorization authorizes 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 of directors believes its shares are undervalued.

About General Dynamics

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.