Cypress Wealth Services LLC bought a new position in shares of General Dynamics Co. (NYSE:GD) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,402 shares of the aerospace company’s stock, valued at approximately $210,000.
Several other institutional investors have also recently bought and sold shares of GD. Larson Financial Group LLC bought a new position in General Dynamics in the second quarter worth about $30,000. Security National Trust Co. raised its stake in General Dynamics by 123.0% in the first quarter. Security National Trust Co. now owns 223 shares of the aerospace company’s stock worth $30,000 after buying an additional 123 shares in the last quarter. Key Financial Inc bought a new position in General Dynamics in the first quarter worth about $31,000. Verus Capital Partners LLC bought a new position in General Dynamics in the fourth quarter worth about $49,000. Finally, FinTrust Capital Advisors LLC raised its stake in General Dynamics by 95.3% in the first quarter. FinTrust Capital Advisors LLC now owns 289 shares of the aerospace company’s stock worth $38,000 after buying an additional 141 shares in the last quarter. Institutional investors own 85.57% of the company’s stock.
Shares of General Dynamics stock opened at $145.79 on Thursday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.34 and a quick ratio of 0.97. The stock has a market capitalization of $41.12 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 2.39 and a beta of 1.05. The firm’s fifty day simple moving average is $150.51 and its 200-day simple moving average is $154.26. General Dynamics Co. has a 12 month low of $100.55 and a 12 month high of $193.76.
General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, April 29th. The aerospace company reported $2.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.46 by ($0.03). The firm had revenue of $8.75 billion during the quarter, compared to analyst estimates of $9.25 billion. General Dynamics had a net margin of 8.87% and a return on equity of 25.92%. The business’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.56 earnings per share. Analysts anticipate that General Dynamics Co. will post 11.14 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 3rd will be paid a $1.10 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $4.40 annualized dividend and a yield of 3.02%. General Dynamics’s dividend payout ratio is currently 36.73%.
GD has been the subject of a number of research reports. ValuEngine raised shares of General Dynamics from a “sell” rating to a “hold” rating in a research note on Tuesday. Credit Suisse Group decreased their target price on shares of General Dynamics from $191.00 to $153.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Susquehanna Bancshares lifted their price target on shares of General Dynamics from $167.00 to $184.00 and gave the stock a “positive” rating in a research note on Thursday, June 4th. Citigroup upgraded shares of General Dynamics from a “neutral” rating to a “buy” rating and lowered their target price for the company from $185.00 to $170.00 in a research note on Monday, April 20th. Finally, TheStreet downgraded shares of General Dynamics from a “b-” rating to a “c+” rating in a report on Thursday, July 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $184.85.
General Dynamics Profile
General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates in five segments: Aerospace, Combat Systems, Information Technology, Mission Systems, and Marine Systems. The Aerospace segment designs, manufactures, and supports business-jet aircraft; and offers business-aviation services, including maintenance, fixed-base operation, government fleet, aircraft management, charter, and staffing services, as well as integrated aviation solutions.
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