Atomi Financial Group Inc. Has $431,000 Holdings in General Dynamics Co. (NYSE:GD)

Atomi Financial Group Inc. trimmed its stake in shares of General Dynamics Co. (NYSE:GD) by 25.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,635 shares of the aerospace company’s stock after selling 568 shares during the period. Atomi Financial Group Inc.’s holdings in General Dynamics were worth $431,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in GD. Clear Harbor Asset Management LLC acquired a new position in General Dynamics during the 4th quarter worth approximately $387,000. Sugar Maple Asset Management LLC acquired a new position in General Dynamics during the fourth quarter worth $28,000. Mitchell & Pahl Private Wealth LLC grew its position in General Dynamics by 5.1% in the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 9,709 shares of the aerospace company’s stock valued at $2,558,000 after purchasing an additional 471 shares in the last quarter. Sky Investment Group LLC increased its stake in General Dynamics by 9.6% in the 4th quarter. Sky Investment Group LLC now owns 13,990 shares of the aerospace company’s stock valued at $3,686,000 after buying an additional 1,224 shares during the last quarter. Finally, Purus Wealth Management LLC boosted its stake in shares of General Dynamics by 1.5% during the 4th quarter. Purus Wealth Management LLC now owns 2,660 shares of the aerospace company’s stock worth $701,000 after buying an additional 39 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Barclays lowered their target price on General Dynamics from $330.00 to $305.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Robert W. Baird reissued a “neutral” rating and issued a $283.00 price objective (down previously from $345.00) on shares of General Dynamics in a report on Tuesday, January 14th. The Goldman Sachs Group downgraded shares of General Dynamics from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $283.00 to $245.00 in a report on Thursday, December 12th. Royal Bank of Canada cut shares of General Dynamics from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $330.00 to $290.00 in a research note on Thursday, December 19th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective 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. One 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 given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $304.88.

General Dynamics Price Performance

Shares of General Dynamics stock opened at $266.22 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.32 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $73.20 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 1.43 and a beta of 0.61. General Dynamics Co. has a twelve month low of $257.26 and a twelve month high of $316.90. The company has a 50-day simple moving average of $269.70 and a two-hundred day simple moving average of $287.74.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The business had revenue of $11.67 billion during the quarter, compared to analyst estimates of $11.65 billion. During the same quarter in the previous year, the firm posted $3.04 earnings per share. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. Analysts forecast that General Dynamics Co. will post 13.66 EPS for the current year.

General Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 17th will be issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Friday, January 17th. General Dynamics’s dividend payout ratio (DPR) is presently 43.26%.

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

Insider Buying and Selling

In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of General Dynamics stock in a transaction dated 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 in the company, valued at $5,701,349.36. The trade was a 21.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.52% of the stock is currently owned by company insiders.

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.