Capital Asset Advisory Services LLC Boosts Stock Holdings in General Dynamics Co. (NYSE:GD)

Capital Asset Advisory Services LLC boosted its position in General Dynamics Co. (NYSE:GD) by 2.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,765 shares of the aerospace company’s stock after buying an additional 70 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in General Dynamics were worth $728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in GD. Blue Trust Inc. lifted its stake in shares of General Dynamics by 63.6% during the 4th quarter. Blue Trust Inc. now owns 4,009 shares of the aerospace company’s stock valued at $1,056,000 after buying an additional 1,559 shares in the last quarter. Narwhal Capital Management lifted its position in shares of General Dynamics by 3.7% during the fourth quarter. Narwhal Capital Management now owns 38,906 shares of the aerospace company’s stock worth $10,251,000 after acquiring an additional 1,382 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in shares of General Dynamics by 94.2% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,856 shares of the aerospace company’s stock worth $1,543,000 after acquiring an additional 2,840 shares during the period. Jamison Private Wealth Management Inc. grew its position in shares of General Dynamics by 7.5% in the fourth quarter. Jamison Private Wealth Management Inc. now owns 8,416 shares of the aerospace company’s stock valued at $2,218,000 after purchasing an additional 588 shares in the last quarter. Finally, Archford Capital Strategies LLC raised its stake in shares of General Dynamics by 2.3% during the 4th quarter. Archford Capital Strategies LLC now owns 7,599 shares of the aerospace company’s stock valued at $2,002,000 after purchasing an additional 173 shares during the period. 86.14% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $280.91, for a total value of $1,556,241.40. Following the sale, the vice president now owns 20,296 shares of the company’s stock, valued at $5,701,349.36. This trade represents a 21.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GD. Robert W. Baird reaffirmed a “neutral” rating and set a $283.00 target price (down previously from $345.00) on shares of General Dynamics in a report on Tuesday, January 14th. Seaport Res Ptn lowered shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Susquehanna cut their price target on shares of General Dynamics from $330.00 to $315.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of General Dynamics from $303.00 to $295.00 and set a “hold” rating on the stock in a report on Thursday, January 2nd. Finally, Jefferies Financial Group reissued a “hold” rating and set a $300.00 price objective (down previously from $345.00) on shares of General Dynamics in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $304.88.

General Dynamics Stock Performance

General Dynamics stock opened at $269.64 on Tuesday. The firm has a fifty day simple moving average of $269.27 and a two-hundred day simple moving average of $287.74. General Dynamics Co. has a twelve month low of $257.26 and a twelve month high of $316.90. The company has a market capitalization of $74.14 billion, a PE ratio of 20.54, a P/E/G ratio of 1.43 and a beta of 0.61. The company has a quick ratio of 0.80, a current ratio of 1.32 and a debt-to-equity ratio of 0.32.

General Dynamics declared that its Board of Directors has initiated a share repurchase plan on Wednesday, December 4th that allows the company to buyback 10,000,000 outstanding shares. This buyback authorization allows the aerospace company to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

General Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 17th will be given a dividend of $1.42 per share. The ex-dividend date is Friday, January 17th. This represents a $5.68 annualized dividend and a yield of 2.11%. General Dynamics’s payout ratio is 43.26%.

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.