Allen Capital Group LLC Has $431,000 Position in General Dynamics Co. (NYSE:GD)

Allen Capital Group LLC grew its holdings in General Dynamics Co. (NYSE:GD) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,635 shares of the aerospace company’s stock after purchasing an additional 46 shares during the quarter. Allen Capital Group LLC’s holdings in General Dynamics were worth $431,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC grew its holdings in shares of General Dynamics by 40,389.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,379,472 shares of the aerospace company’s stock valued at $416,876,000 after buying an additional 1,376,065 shares during the period. State Street Corp boosted its stake in General Dynamics by 9.4% in the 3rd quarter. State Street Corp now owns 10,945,110 shares of the aerospace company’s stock worth $3,307,612,000 after purchasing an additional 943,247 shares during the period. Geode Capital Management LLC boosted its stake in General Dynamics by 13.0% in the 3rd quarter. Geode Capital Management LLC now owns 5,557,404 shares of the aerospace company’s stock worth $1,674,998,000 after purchasing an additional 638,342 shares during the period. Two Sigma Advisers LP boosted its stake in General Dynamics by 117.0% in the 3rd quarter. Two Sigma Advisers LP now owns 858,600 shares of the aerospace company’s stock worth $259,469,000 after purchasing an additional 463,000 shares during the period. Finally, Barclays PLC boosted its stake in General Dynamics by 43.1% in the 3rd quarter. Barclays PLC now owns 942,485 shares of the aerospace company’s stock worth $284,818,000 after purchasing an additional 283,972 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on GD shares. Robert W. Baird reissued a “neutral” rating and set a $283.00 price target (down from $345.00) on shares of General Dynamics in a research report on Tuesday, January 14th. 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 research note on Thursday, January 2nd. Vertical Research lowered shares of General Dynamics from a “buy” rating to a “hold” rating and decreased their target price for the stock from $352.00 to $290.00 in a research report on Monday, January 6th. TD Cowen reduced their price target on shares of General Dynamics from $315.00 to $295.00 in a research report on Tuesday. Finally, Royal Bank of Canada downgraded shares of General Dynamics from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $330.00 to $290.00 in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $303.71.

General Dynamics Trading Down 4.2 %

NYSE GD opened at $251.52 on Thursday. General Dynamics Co. has a 12 month low of $247.01 and a 12 month high of $316.90. The stock’s fifty day moving average price is $268.57 and its 200-day moving average price is $287.48. The stock has a market cap of $69.16 billion, a P/E ratio of 19.16, a P/E/G ratio of 1.43 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 released its quarterly earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.14). General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. As a group, equities analysts forecast that General Dynamics Co. will post 13.66 EPS for the current fiscal year.

General Dynamics announced that its Board of Directors has authorized a stock buyback program on Wednesday, December 4th that permits the company to repurchase 10,000,000 shares. This repurchase authorization permits the aerospace company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

General Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 17th will be paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Friday, January 17th. 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.