First Republic Investment Management Inc. raised its position in General Dynamics Co. (NYSE:GD) by 2.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 41,022 shares of the aerospace company’s stock after buying an additional 1,042 shares during the period. First Republic Investment Management Inc.’s holdings in General Dynamics were worth $8,346,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Resources Investment Advisors Inc. lifted its stake in shares of General Dynamics by 92.3% in the 4th quarter. Resources Investment Advisors Inc. now owns 625 shares of the aerospace company’s stock valued at $127,000 after purchasing an additional 300 shares during the period. NuWave Investment Management LLC acquired a new position in shares of General Dynamics in the 4th quarter valued at $130,000. Fieldpoint Private Securities LLC acquired a new position in shares of General Dynamics in the 3rd quarter valued at $148,000. Independence Bank of Kentucky acquired a new position in shares of General Dynamics in the 4th quarter valued at $157,000. Finally, Sit Investment Associates Inc. lifted its stake in shares of General Dynamics by 170.0% in the 4th quarter. Sit Investment Associates Inc. now owns 953 shares of the aerospace company’s stock valued at $194,000 after purchasing an additional 600 shares during the period. Hedge funds and other institutional investors own 86.88% of the company’s stock.
In other General Dynamics news, insider John Patrick Casey sold 9,304 shares of General Dynamics stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $215.29, for a total value of $2,003,058.16. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John M. Keane sold 1,800 shares of General Dynamics stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $216.43, for a total value of $389,574.00. The disclosure for this sale can be found here. Company insiders own 6.70% of the company’s stock.
A number of research analysts have recently weighed in on GD shares. Royal Bank of Canada set a $239.00 price target on General Dynamics and gave the company a “buy” rating in a research note on Wednesday, November 15th. ValuEngine downgraded General Dynamics from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. JPMorgan Chase & Co. downgraded General Dynamics from a “neutral” rating to an “underweight” rating and cut their price target for the company from $225.00 to $215.00 in a research note on Tuesday, December 12th. Zacks Investment Research downgraded General Dynamics from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $237.00 price objective on shares of General Dynamics in a research note on Monday, January 8th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $234.67.
Shares of General Dynamics Co. (NYSE GD) opened at $221.00 on Friday. General Dynamics Co. has a 12 month low of $183.72 and a 12 month high of $229.54. The stock has a market capitalization of $65,622.41, a PE ratio of 23.14, a price-to-earnings-growth ratio of 2.34 and a beta of 0.85. 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 (NYSE:GD) last released its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $2.50 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $8.28 billion for the quarter, compared to the consensus estimate of $8.40 billion. During the same quarter last year, the business posted $1.89 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. equities research analysts forecast that General Dynamics Co. will post 11.12 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, February 9th. Shareholders of record on Friday, January 19th were paid a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Thursday, January 18th. General Dynamics’s dividend payout ratio is 35.18%.
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General Dynamics Company 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.
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