Bronfman E.L. Rothschild L.P. grew its position in General Dynamics Co. (NYSE:GD) by 14.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,144 shares of the aerospace company’s stock after purchasing an additional 638 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in General Dynamics were worth $1,047,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its stake in shares of General Dynamics by 6.1% in the 3rd quarter. Janus Henderson Group PLC now owns 5,302,868 shares of the aerospace company’s stock valued at $1,090,164,000 after purchasing an additional 304,175 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of General Dynamics by 2,097.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,711,597 shares of the aerospace company’s stock valued at $353,351,000 after purchasing an additional 1,633,700 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of General Dynamics by 15.0% in the 4th quarter. Bank of Montreal Can now owns 1,557,931 shares of the aerospace company’s stock valued at $316,962,000 after purchasing an additional 202,628 shares in the last quarter. Capital International Investors lifted its stake in shares of General Dynamics by 9.5% in the 3rd quarter. Capital International Investors now owns 1,472,000 shares of the aerospace company’s stock valued at $302,614,000 after purchasing an additional 128,000 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of General Dynamics by 3.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 988,582 shares of the aerospace company’s stock valued at $201,128,000 after purchasing an additional 30,588 shares in the last quarter. 87.03% of the stock is currently owned by institutional investors and hedge funds.
General Dynamics Co. (NYSE GD) opened at $209.53 on Tuesday. The company has a market capitalization of $62,560.00, a P/E ratio of 21.94, a P/E/G ratio of 2.25 and a beta of 0.85. The company has a current ratio of 1.40, a quick ratio of 0.99 and a debt-to-equity ratio of 0.35. General Dynamics Co. has a 52-week low of $182.16 and a 52-week high of $229.54.
General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $2.50 EPS for the quarter, topping the consensus estimate of $2.37 by $0.13. General Dynamics had a return on equity of 27.22% and a net margin of 9.40%. The firm had revenue of $8.28 billion for the quarter, compared to analyst estimates of $8.40 billion. During the same period in the previous year, the company posted $1.89 EPS. General Dynamics’s revenue for the quarter was up 8.1% on a year-over-year basis. analysts predict that General Dynamics Co. will post 11.1 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Shareholders of record on Friday, January 19th were issued a dividend of $0.84 per share. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $3.36 annualized dividend and a yield of 1.60%. General Dynamics’s dividend payout ratio is presently 35.18%.
Several equities analysts have recently weighed in on the company. Royal Bank of Canada lifted their price objective on General Dynamics to $258.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Jefferies Group lifted their price objective on General Dynamics to $247.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. They noted that the move was a valuation call. Bank of America lifted their price objective on General Dynamics from $245.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Argus raised General Dynamics to a “buy” rating and lifted their price objective for the company from $230.00 to $250.00 in a research note on Tuesday, January 30th. Finally, Zacks Investment Research raised General Dynamics from a “hold” rating to a “buy” rating and set a $252.00 price target on the stock in a research report on Friday, February 2nd. Three analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $231.94.
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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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