National Pension Service lifted its holdings in General Dynamics Co. (NYSE:GD) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 225,666 shares of the aerospace company’s stock after purchasing an additional 8,617 shares during the quarter. National Pension Service owned 0.08% of General Dynamics worth $45,912,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of the company. WFG Advisors LP raised its stake in shares of General Dynamics by 0.3% in the second quarter. WFG Advisors LP now owns 668 shares of the aerospace company’s stock worth $132,000 after purchasing an additional 2 shares during the last quarter. YorkBridge Wealth Partners LLC raised its stake in shares of General Dynamics by 0.5% in the second quarter. YorkBridge Wealth Partners LLC now owns 992 shares of the aerospace company’s stock worth $198,000 after purchasing an additional 5 shares during the last quarter. Pathstone Family Office LLC raised its stake in shares of General Dynamics by 100.0% in the second quarter. Pathstone Family Office LLC now owns 24 shares of the aerospace company’s stock worth $4,754,000 after purchasing an additional 12 shares during the last quarter. Comerica Securities Inc. raised its stake in shares of General Dynamics by 0.6% in the second quarter. Comerica Securities Inc. now owns 2,350 shares of the aerospace company’s stock worth $465,000 after purchasing an additional 15 shares during the last quarter. Finally, Bahl & Gaynor Inc. raised its stake in shares of General Dynamics by 0.4% in the second quarter. Bahl & Gaynor Inc. now owns 4,413 shares of the aerospace company’s stock worth $762,000 after purchasing an additional 17 shares during the last quarter. Hedge funds and other institutional investors own 86.76% of the company’s stock.
Several research firms have recently weighed in on GD. Cowen restated a “buy” rating and issued a $230.00 price target on shares of General Dynamics in a research note on Thursday, October 26th. ValuEngine cut General Dynamics from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Zacks Investment Research upgraded General Dynamics from a “hold” rating to a “buy” rating and set a $238.00 price objective for the company in a research report on Thursday, October 26th. Credit Suisse Group reiterated an “outperform” rating and set a $238.00 price objective (up previously from $216.00) on shares of General Dynamics in a research report on Thursday, October 26th. Finally, Jefferies Group reiterated a “buy” rating and set a $237.00 price objective on shares of General Dynamics in a research report on Monday, January 8th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $218.92.
Shares of General Dynamics Co. (NYSE:GD) opened at $206.33 on Wednesday. General Dynamics Co. has a fifty-two week low of $172.43 and a fifty-two week high of $214.81. The company has a current ratio of 1.37, a quick ratio of 0.93 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $62,878.57, a PE ratio of 20.57, a price-to-earnings-growth ratio of 2.27 and a beta of 0.72.
General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $2.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.43 by $0.09. General Dynamics had a return on equity of 27.98% and a net margin of 9.94%. The business had revenue of $7.58 billion during the quarter, compared to analyst estimates of $7.94 billion. During the same quarter in the previous year, the company posted $2.36 earnings per share. General Dynamics’s revenue for the quarter was down 1.0% on a year-over-year basis. equities research analysts expect that General Dynamics Co. will post 9.8 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 19th will be issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Thursday, January 18th. General Dynamics’s dividend payout ratio is presently 33.50%.
In other General Dynamics news, VP Gregory S. Gallopoulos sold 78,370 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $202.93, for a total transaction of $15,903,624.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John Patrick Casey sold 34,945 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $201.38, for a total value of $7,037,224.10. Following the sale, the insider now directly owns 144,378 shares of the company’s stock, valued at approximately $29,074,841.64. The disclosure for this sale can be found here. Insiders own 6.70% of the company’s stock.
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About General Dynamics
General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.
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