ORG Wealth Partners LLC Has $513,000 Stake in General Dynamics Co. (NYSE:GD)

ORG Wealth Partners LLC lowered its stake in shares of General Dynamics Co. (NYSE:GD) by 16.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,945 shares of the aerospace company’s stock after selling 377 shares during the period. ORG Wealth Partners LLC’s holdings in General Dynamics were worth $513,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MFA Wealth Advisors LLC boosted its stake in shares of General Dynamics by 241.7% in the 3rd quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock worth $25,000 after buying an additional 58 shares during the last quarter. Hara Capital LLC purchased a new position in shares of General Dynamics in the 3rd quarter worth approximately $26,000. Lowe Wealth Advisors LLC purchased a new position in shares of General Dynamics in the 3rd quarter worth approximately $30,000. True Wealth Design LLC purchased a new position in shares of General Dynamics in the 3rd quarter worth approximately $34,000. Finally, Meeder Asset Management Inc. raised its holdings in shares of General Dynamics by 385.2% in the 2nd quarter. Meeder Asset Management Inc. now owns 131 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 104 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Trading Down 0.9 %

Shares of GD stock traded down $2.26 during mid-day trading on Friday, reaching $259.21. The stock had a trading volume of 348,213 shares, compared to its average volume of 1,278,677. The stock’s 50-day moving average price is $277.21 and its two-hundred day moving average price is $289.35. General Dynamics Co. has a 52-week low of $247.36 and a 52-week high of $316.90. The firm has a market capitalization of $71.27 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 1.62 and a beta of 0.61. 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 (NYSE:GD) last announced its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.48 by ($0.13). General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The company had revenue of $11.67 billion for the quarter, compared to analysts’ expectations of $11.65 billion. During the same quarter in the prior year, the firm earned $3.04 EPS. General Dynamics’s quarterly revenue was up 10.4% compared to the same quarter last year. Equities analysts expect that General Dynamics Co. will post 13.84 earnings per share for the current fiscal year.

General Dynamics announced that its Board of Directors has approved a share buyback plan on Wednesday, December 4th that allows the company to buyback 10,000,000 shares. This buyback authorization allows the aerospace company to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

General Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 17th will be paid a $1.42 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $5.68 annualized dividend and a dividend yield of 2.19%. General Dynamics’s dividend payout ratio is presently 43.26%.

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 that occurred on 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 completion of the sale, the vice president now directly owns 20,296 shares of the company’s stock, valued at approximately $5,701,349.36. This represents a 21.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.52% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on GD shares. Citigroup lifted their price target on shares of General Dynamics from $331.00 to $354.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Susquehanna lowered their price target on shares of General Dynamics from $330.00 to $315.00 and set a “positive” rating on the stock in a report on Wednesday. The Goldman Sachs Group cut shares of General Dynamics from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $283.00 to $245.00 in a report on Thursday, December 12th. Wells Fargo & Company lowered their price target on shares of General Dynamics from $295.00 to $279.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, Seaport Res Ptn downgraded General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $308.18.

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.