Aurora Private Wealth Inc. Has $211,000 Holdings in General Dynamics Co. (NYSE:GD)

Aurora Private Wealth Inc. cut its holdings in General Dynamics Co. (NYSE:GD) by 5.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 799 shares of the aerospace company’s stock after selling 50 shares during the period. Aurora Private Wealth Inc.’s holdings in General Dynamics were worth $211,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Wellington Management Group LLP grew its stake in General Dynamics by 0.8% during the third quarter. Wellington Management Group LLP now owns 14,205,330 shares of the aerospace company’s stock worth $4,292,851,000 after buying an additional 109,618 shares in the last quarter. State Street Corp grew its stake in General Dynamics by 9.4% during the third quarter. State Street Corp now owns 10,945,110 shares of the aerospace company’s stock worth $3,307,612,000 after buying an additional 943,247 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in General Dynamics by 2.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,829,662 shares of the aerospace company’s stock worth $2,366,124,000 after buying an additional 189,904 shares in the last quarter. Geode Capital Management LLC grew its stake in General Dynamics by 13.0% during the third quarter. Geode Capital Management LLC now owns 5,557,404 shares of the aerospace company’s stock worth $1,674,998,000 after buying an additional 638,342 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of General Dynamics by 0.5% in the third quarter. FMR LLC now owns 4,940,537 shares of the aerospace company’s stock worth $1,493,030,000 after acquiring an additional 24,464 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at General Dynamics

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 stock was sold at an average price of $280.91, for a total transaction of $1,556,241.40. Following the transaction, the vice president now directly owns 20,296 shares in the company, valued at approximately $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 accessible through the SEC website. 1.52% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on GD shares. TD Cowen raised shares of General Dynamics to a “strong-buy” rating in a report on Tuesday, October 8th. Baird R W cut shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Citigroup increased their target price on shares of General Dynamics from $354.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Sanford C. Bernstein dropped their target price on shares of General Dynamics from $343.00 to $331.00 and set a “market perform” rating for the company in a report on Thursday, October 24th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $283.00 target price (down previously from $345.00) on shares of General Dynamics in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, General Dynamics has an average rating of “Hold” and a consensus target price of $304.88.

General Dynamics Stock Performance

Shares of GD stock opened at $266.22 on Monday. The firm has a 50 day moving average of $269.27 and a 200-day moving average of $287.74. General Dynamics Co. has a 52 week low of $257.26 and a 52 week high of $316.90. 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 company has a market cap 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 announced that its board has approved a share buyback program on Wednesday, December 4th that allows the company to buyback 10,000,000 outstanding shares. This buyback authorization allows the aerospace company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

General Dynamics Announces Dividend

The firm 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 $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Friday, January 17th. General Dynamics’s payout ratio is currently 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.