RFG Advisory LLC grew its stake in shares of General Dynamics Co. (NYSE:GD) by 10.5% in the first quarter, HoldingsChannel.com reports. The fund owned 3,624 shares of the aerospace company’s stock after acquiring an additional 345 shares during the quarter. RFG Advisory LLC’s holdings in General Dynamics were worth $658,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. DB Wealth Management Group LLC bought a new stake in shares of General Dynamics during the 4th quarter valued at $28,000. Alpha DNA Investment Management LLC acquired a new position in shares of General Dynamics during the 4th quarter worth $28,000. Birchcreek Wealth Management LLC acquired a new position in shares of General Dynamics during the 4th quarter worth $29,000. Safir Wealth Advisors LLC acquired a new position in shares of General Dynamics during the 4th quarter worth $30,000. Finally, Canton Hathaway LLC acquired a new position in shares of General Dynamics during the 4th quarter worth $30,000. Hedge funds and other institutional investors own 84.48% of the company’s stock.
A number of equities analysts have recently commented on GD shares. Morgan Stanley lowered their price target on General Dynamics from $161.00 to $149.00 and set an “underweight” rating for the company in a report on Monday, February 8th. Barclays reaffirmed a “buy” rating on shares of General Dynamics in a report on Friday, April 2nd. Zacks Investment Research cut General Dynamics from a “hold” rating to a “sell” rating and set a $196.00 target price for the company. in a report on Wednesday, April 7th. Citigroup upped their target price on General Dynamics from $160.00 to $200.00 in a report on Thursday, March 25th. Finally, Susquehanna upped their target price on General Dynamics from $162.00 to $180.00 and gave the stock a “positive” rating in a report on Friday, January 29th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $169.06.
Shares of General Dynamics stock opened at $184.50 on Friday. General Dynamics Co. has a one year low of $121.67 and a one year high of $186.09. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.29 and a quick ratio of 0.90. The stock’s 50-day moving average is $179.13 and its 200 day moving average is $157.77. The firm has a market cap of $52.32 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 2.40 and a beta of 1.03.
General Dynamics (NYSE:GD) last announced its earnings results on Tuesday, January 26th. The aerospace company reported $3.49 EPS for the quarter, missing the consensus estimate of $3.54 by ($0.05). The business had revenue of $10.48 billion for the quarter, compared to the consensus estimate of $10.76 billion. General Dynamics had a net margin of 8.33% and a return on equity of 23.00%. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.51 EPS. On average, sell-side analysts expect that General Dynamics Co. will post 11.06 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 7th. Shareholders of record on Friday, April 9th will be issued a $1.19 dividend. The ex-dividend date is Thursday, April 8th. This represents a $4.76 annualized dividend and a yield of 2.58%. This is a positive change from General Dynamics’s previous quarterly dividend of $1.10. General Dynamics’s dividend payout ratio is presently 39.73%.
About General Dynamics
General Dynamics Corp. is an aerospace and defense company, which engages in the provision of tanks, rockets, missiles, submarines, warships, fighters and electronics to all of the military services. It operates through the following segments: Aerospace, Combat Systems, Information Technology, and Marine Systems.
Read More: What is meant by buying and selling pressure?
Want to see what other hedge funds are holding GD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Dynamics Co. (NYSE:GD).
Receive News & Ratings for General Dynamics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Dynamics and related companies with MarketBeat.com's FREE daily email newsletter.