General Dynamics Co. (NYSE:GD) Stock Position Lowered by Revolve Wealth Partners LLC

Revolve Wealth Partners LLC lowered its position in shares of General Dynamics Co. (NYSE:GD) by 5.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 793 shares of the aerospace company’s stock after selling 47 shares during the quarter. Revolve Wealth Partners LLC’s holdings in General Dynamics were worth $209,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. MFA Wealth Advisors LLC lifted its position in shares of General Dynamics by 241.7% during the 3rd quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 58 shares during the last quarter. Hara Capital LLC purchased a new stake in shares of General Dynamics during the third quarter valued at $26,000. Sugar Maple Asset Management LLC purchased a new stake in shares of General Dynamics during the fourth quarter valued at $28,000. Lowe Wealth Advisors LLC acquired a new position in shares of General Dynamics in the 3rd quarter valued at $30,000. Finally, True Wealth Design LLC purchased a new position in General Dynamics in the 3rd quarter worth about $34,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on GD shares. Barclays decreased their target price on shares of General Dynamics from $330.00 to $305.00 and set an “overweight” rating for the company in a report on Monday, January 6th. The Goldman Sachs Group decreased their price objective on shares of General Dynamics from $245.00 to $241.00 and set a “sell” rating for the company in a research note on Tuesday. Seaport Res Ptn downgraded shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Robert W. Baird reaffirmed a “neutral” rating and issued a $283.00 target price (down previously from $345.00) on shares of General Dynamics in a research report on Tuesday, January 14th. Finally, UBS Group dropped their price target on General Dynamics from $337.00 to $281.00 and set a “neutral” rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $303.28.

Insider Transactions at General Dynamics

In other news, VP Christopher J. Brady sold 5,540 shares of the business’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 completion of the sale, the vice president now directly owns 20,296 shares in the company, valued at approximately $5,701,349.36. The trade was a 21.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.52% of the stock is currently owned by corporate insiders.

General Dynamics Stock Down 2.8 %

General Dynamics stock opened at $262.33 on Wednesday. The company has a current ratio of 1.32, a quick ratio of 0.80 and a debt-to-equity ratio of 0.32. General Dynamics Co. has a 1-year low of $257.26 and a 1-year high of $316.90. The firm’s fifty day simple moving average is $268.94 and its 200-day simple moving average is $287.64. The company has a market capitalization of $72.13 billion, a P/E ratio of 19.98, a P/E/G ratio of 1.43 and a beta of 0.61.

General Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 17th will be given a $1.42 dividend. The ex-dividend date is Friday, January 17th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.17%. General Dynamics’s dividend payout ratio is currently 43.26%.

General Dynamics declared that its board has authorized a share buyback program on Wednesday, December 4th that permits the company to buyback 10,000,000 shares. This buyback authorization permits the aerospace company to buy shares of its stock through open market purchases. Shares buyback programs are generally an indication 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.