Creative Planning Acquires 539 Shares of General Dynamics Co. (NYSE:GD)

Creative Planning lifted its stake in shares of General Dynamics Co. (NYSE:GD) by 4.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,112 shares of the aerospace company’s stock after purchasing an additional 539 shares during the period. Creative Planning’s holdings in General Dynamics were worth $2,871,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GD. Vanguard Group Inc. increased its holdings in General Dynamics by 1.9% in the second quarter. Vanguard Group Inc. now owns 20,176,505 shares of the aerospace company’s stock valued at $3,996,966,000 after buying an additional 376,688 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of General Dynamics by 4.5% during the second quarter. Capital Research Global Investors now owns 16,792,408 shares of the aerospace company’s stock worth $3,326,576,000 after purchasing an additional 725,896 shares during the last quarter. BlackRock Inc. grew its holdings in shares of General Dynamics by 5.3% during the second quarter. BlackRock Inc. now owns 16,338,831 shares of the aerospace company’s stock worth $3,236,720,000 after purchasing an additional 829,487 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of General Dynamics by 6.1% during the third quarter. Janus Henderson Group PLC now owns 5,302,868 shares of the aerospace company’s stock worth $1,090,164,000 after purchasing an additional 304,175 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in General Dynamics by 1.9% in the second quarter. Franklin Resources Inc. now owns 3,786,244 shares of the aerospace company’s stock valued at $750,055,000 after purchasing an additional 71,287 shares during the period. Hedge funds and other institutional investors own 87.03% of the company’s stock.

GD has been the subject of a number of research analyst reports. Bank of America increased their target price on shares of General Dynamics from $245.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Sanford C. Bernstein reissued a “market perform” rating and set a $237.00 price objective (up from $218.00) on shares of General Dynamics in a research note on Thursday, January 25th. Buckingham Research reaffirmed a “buy” rating and issued a $260.00 target price (up from $230.00) on shares of General Dynamics in a research note on Tuesday, January 30th. Zacks Investment Research raised shares of General Dynamics from a “hold” rating to a “buy” rating and set a $252.00 target price for the company in a research note on Friday, February 2nd. Finally, Argus upgraded shares of General Dynamics to a “buy” rating and lifted their price target for the company from $230.00 to $250.00 in a report on Tuesday, January 30th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company’s stock. General Dynamics has an average rating of “Hold” and an average target price of $232.09.

General Dynamics Co. (NYSE GD) traded up $6.44 during midday trading on Wednesday, reaching $218.25. 2,475,587 shares of the company’s stock traded hands, compared to its average volume of 1,943,289. General Dynamics Co. has a 1 year low of $183.72 and a 1 year high of $229.54. The company has a current ratio of 1.40, a quick ratio of 0.99 and a debt-to-equity ratio of 0.35. The company has a market cap of $63,240.00, a PE ratio of 22.76, a price-to-earnings-growth ratio of 2.22 and a beta of 0.85.

General Dynamics (NYSE:GD) last posted its 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. The firm had revenue of $8.28 billion during the quarter, compared to analysts’ expectations of $8.40 billion. General Dynamics had a net margin of 9.40% and a return on equity of 27.22%. General Dynamics’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.89 EPS. equities research analysts anticipate that General Dynamics Co. will post 11.1 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, February 9th. Stockholders of record on Friday, January 19th were paid a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend was Thursday, January 18th. General Dynamics’s dividend payout ratio is currently 35.04%.

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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.

Institutional Ownership by Quarter for General Dynamics (NYSE:GD)

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