General Dynamics Co. (GD) Shares Bought by Edgemoor Investment Advisors Inc.

Edgemoor Investment Advisors Inc. increased its stake in shares of General Dynamics Co. (NYSE:GD) by 0.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 60,937 shares of the aerospace company’s stock after purchasing an additional 452 shares during the period. General Dynamics accounts for 1.6% of Edgemoor Investment Advisors Inc.’s investment portfolio, making the stock its 18th largest position. Edgemoor Investment Advisors Inc.’s holdings in General Dynamics were worth $12,573,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of GD. Janus Henderson Group PLC raised its holdings 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 acquiring an additional 304,175 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in shares of General Dynamics by 2,097.3% during 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 during the last quarter. Bank of Montreal Can increased its position in shares of General Dynamics by 15.0% during 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 during the last quarter. Capital International Investors increased its position in shares of General Dynamics by 9.5% during 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 during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of General Dynamics by 3.2% during 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 during the last quarter. 87.03% of the stock is currently owned by institutional investors and hedge funds.

In other General Dynamics news, Director John M. Keane sold 1,800 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $216.43, for a total transaction of $389,574.00. 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 9,304 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $215.29, for a total value of $2,003,058.16. The disclosure for this sale can be found here. Insiders own 6.70% of the company’s stock.

Shares of General Dynamics Co. (NYSE GD) traded down $1.21 on Friday, hitting $224.19. The company had a trading volume of 1,921,075 shares, compared to its average volume of 2,277,242. The company has a quick ratio of 0.99, a current ratio of 1.40 and a debt-to-equity ratio of 0.35. General Dynamics Co. has a one year low of $183.72 and a one year high of $229.54. The company has a market capitalization of $66,569.63, a price-to-earnings ratio of 23.48, a P/E/G ratio of 2.37 and a beta of 0.85.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $2.50 EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $8.28 billion during the quarter, compared to analyst estimates of $8.40 billion. During the same quarter in the previous year, the company posted $1.89 earnings per share. General Dynamics’s revenue was up 8.1% compared to the same quarter last year. research analysts anticipate that General Dynamics Co. will post 11.1 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Friday, January 19th were issued a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 1.50%. The ex-dividend date was Thursday, January 18th. General Dynamics’s payout ratio is currently 35.18%.

Several equities analysts have recently commented on GD shares. Cowen reiterated a “buy” rating and set a $230.00 price objective on shares of General Dynamics in a research report on Thursday, October 26th. Jefferies Group restated a “buy” rating and set a $236.00 price target on shares of General Dynamics in a research report on Thursday, October 26th. Zacks Investment Research upgraded General Dynamics from a “hold” rating to a “buy” rating and set a $238.00 price target on the stock in a research report on Thursday, October 26th. Royal Bank of Canada set a $239.00 price objective on General Dynamics and gave the stock a “buy” rating in a report on Wednesday, November 15th. Finally, Bank of America increased their price objective on General Dynamics from $245.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $232.09.

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General Dynamics Profile

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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