Arkadios Wealth Advisors Increases Stake in General Dynamics Co.

Arkadios Wealth Advisors has raised its investment in General Dynamics Co. (NYSE:GD) by 13.0% during the fourth quarter of the year. This information comes from the company’s latest filing with the Securities and Exchange Commission. After acquiring an additional 2,323 shares during this period, the firm now holds a total of 20,199 shares in the aerospace company's stock, which is valued at approximately $5,322,000 based on the most recent SEC filing.

In addition to Arkadios Wealth Advisors, other institutional investors and hedge funds have also shown interest in General Dynamics, either by buying or selling shares in the company. For instance, InTrack Investment Management Inc took a new position in General Dynamics valued at $546,000 during the fourth quarter. Similarly, Brooklyn Investment Group increased its holdings in the company by 28.6%, now owning 1,147 shares worth $302,000 after purchasing an additional 255 shares in the same quarter. Somerset Trust Co also boosted its stake by 2.5%, acquiring 354 additional shares, bringing its total to 14,502 shares valued at $3,821,000.

General Dynamics Stock Performance

On Friday, General Dynamics' stock opened at $266.86. The company's fifty-day simple moving average stands at $273.71, while its 200-day simple moving average is $288.32. General Dynamics has a market capitalization of $73.38 billion, a P/E ratio of 20.32, and a P/E/G ratio of 1.38. The stock has a debt-to-equity ratio of 0.32, with a quick ratio of 0.80 and a current ratio of 1.32. In the past year, General Dynamics' stock has fluctuated between a low of $247.36 and a high of $316.90.

In its most recent earnings report, General Dynamics announced that it generated $3.35 in earnings per share for the most recent quarter, falling short of analysts' expectations, which predicted $3.48 per share. The company earned revenue of $11.67 billion, just slightly above the expected $11.65 billion. This marked a 10.4% increase in revenue compared to the same quarter the previous year, where they had earnings of $3.04 per share. Analysts predict that General Dynamics will post earnings of $13.81 per share for the current fiscal year.

Dividend Announcement and Share Repurchase

On December 4th, General Dynamics' Board of Directors approved a share repurchase plan that allows the company to buy back up to 10 million shares. Such plans generally indicate that the company believes its stock is undervalued. Moreover, General Dynamics recently declared a quarterly dividend of $1.42 per share, which is set to be paid on February 7th to shareholders who hold the stock by January 17th, the record date. This dividend represents an annualized amount of $5.68, providing a yield of 2.13%, with a payout ratio of 43.26%.

Insider Transactions and Analyst Ratings

In related news, VP Christopher J. Brady recently sold 5,540 shares at an average price of $280.91, totaling around $1,556,241. Following this sale, he retains ownership of 20,296 shares valued at approximately $5,701,349. Corporate insiders currently own about 1.60% of the company’s stock. A number of analysts have provided ratings for General Dynamics shares, with one analyst rating it as a sell, twelve issuing hold ratings, eight giving buy ratings, and one assigning a strong buy rating.

Recently, Seaport Res Ptn downgraded the stock from "strong-buy" to "hold," while Citigroup raised its target price from $331 to $354 and rated it as a buy. Other firms, such as Barclays and Vertical Research, have also adjusted their price targets. Currently, the average target price for General Dynamics is around $304.53.

About General Dynamics

General Dynamics Corporation is involved in the aerospace and defense sectors, operating across four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment specializes in the production and sale of business jets, along with various related services such as maintenance and chartering.

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