Nisa Investment Advisors LLC trimmed its stake in General Dynamics Co. (NYSE:GD) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 117,275 shares of the aerospace company’s stock after selling 500 shares during the period. Nisa Investment Advisors LLC’s holdings in General Dynamics were worth $23,860,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of GD. WFG Advisors LP lifted its position in General Dynamics by 0.3% during the 2nd quarter. WFG Advisors LP now owns 668 shares of the aerospace company’s stock valued at $132,000 after acquiring an additional 2 shares during the period. YorkBridge Wealth Partners LLC lifted its position in General Dynamics by 0.5% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 992 shares of the aerospace company’s stock valued at $198,000 after acquiring an additional 5 shares during the period. Pathstone Family Office LLC lifted its position in General Dynamics by 100.0% during the 2nd quarter. Pathstone Family Office LLC now owns 24 shares of the aerospace company’s stock valued at $4,754,000 after acquiring an additional 12 shares during the period. Comerica Securities Inc. raised its holdings in 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 buying an additional 15 shares during the last quarter. Finally, Bahl & Gaynor Inc. raised its holdings in 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 buying an additional 17 shares during the last quarter. 86.82% of the stock is owned by hedge funds and other institutional investors.
Shares of General Dynamics Co. (GD) opened at $221.72 on Friday. The stock has a market cap of $66,200.00, a price-to-earnings ratio of 23.22, a P/E/G ratio of 2.38 and a beta of 0.85. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.99 and a current ratio of 1.40. General Dynamics Co. has a 12 month low of $180.02 and a 12 month high of $229.54.
General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $2.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.37 by $0.13. General Dynamics had a net margin of 9.40% and a return on equity of 27.22%. The business had revenue of $8.28 billion for the quarter, compared to analysts’ expectations of $8.40 billion. During the same quarter in the previous year, the business posted $1.89 earnings per share. The business’s revenue was up 8.1% compared to the same quarter last year. equities analysts forecast that General Dynamics Co. will post 11.1 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, January 19th will be issued a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Thursday, January 18th. General Dynamics’s payout ratio is presently 35.18%.
GD has been the subject of several recent analyst reports. Cowen reaffirmed a “buy” rating and issued a $230.00 target price on shares of General Dynamics in a report on Thursday, October 26th. Jefferies Group reiterated a “buy” rating and issued a $236.00 price target on shares of General Dynamics in a research note on Thursday, October 26th. Zacks Investment Research upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and set a $238.00 price target for the company in a research note on Thursday, October 26th. Royal Bank of Canada set a $239.00 target price on shares of General Dynamics and gave the company a “buy” rating in a research report on Wednesday, November 15th. Finally, Bank of America boosted their target price on shares of General Dynamics from $245.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $231.94.
In other news, VP Gregory S. Gallopoulos sold 78,370 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $202.93, for a total value of $15,903,624.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate 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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