Norinchukin Bank The lifted its position in shares of General Dynamics Co. (NYSE:GD) by 4.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 36,279 shares of the aerospace company’s stock after buying an additional 1,413 shares during the period. Norinchukin Bank The’s holdings in General Dynamics were worth $7,381,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Resources Investment Advisors Inc. lifted its stake in shares of General Dynamics by 92.3% during the fourth quarter. Resources Investment Advisors Inc. now owns 625 shares of the aerospace company’s stock valued at $127,000 after buying an additional 300 shares during the period. NuWave Investment Management LLC purchased a new position in General Dynamics during the fourth quarter worth approximately $130,000. Fieldpoint Private Securities LLC purchased a new position in General Dynamics during the third quarter worth approximately $148,000. Independence Bank of Kentucky purchased a new position in General Dynamics during the fourth quarter worth approximately $157,000. Finally, Sit Investment Associates Inc. raised its stake in General Dynamics by 170.0% during the fourth quarter. Sit Investment Associates Inc. now owns 953 shares of the aerospace company’s stock worth $194,000 after purchasing an additional 600 shares during the period. 93.41% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have weighed in on GD shares. JPMorgan Chase & Co. downgraded shares of General Dynamics from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $225.00 to $215.00 in a research note on Tuesday, December 12th. Zacks Investment Research downgraded shares of General Dynamics from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Royal Bank of Canada set a $239.00 price target on shares of General Dynamics and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Argus raised shares of General Dynamics to a “buy” rating and increased their price target for the stock from $230.00 to $250.00 in a research note on Tuesday, January 30th. Finally, ValuEngine downgraded shares of General Dynamics from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $235.88.
General Dynamics Co. (NYSE GD) opened at $223.35 on Wednesday. General Dynamics Co. has a one year low of $183.72 and a one year high of $230.00. The company has a quick ratio of 0.99, a current ratio of 1.40 and a debt-to-equity ratio of 0.35. The company has a market cap of $66,320.00, a price-to-earnings ratio of 22.36, a PEG ratio of 2.44 and a beta of 0.83.
General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, January 24th. The aerospace company reported $2.50 EPS for the quarter, beating the Zacks’ consensus estimate of $2.37 by $0.13. The business had revenue of $8.28 billion for the quarter, compared to the consensus estimate of $8.40 billion. General Dynamics had a net margin of 9.40% and a return on equity of 27.22%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.89 EPS. sell-side analysts forecast that General Dynamics Co. will post 11.09 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 11th. Investors of record on Friday, April 13th will be issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 1.67%. This is a positive change from General Dynamics’s previous quarterly dividend of $0.84. The ex-dividend date is Thursday, April 12th. General Dynamics’s dividend payout ratio (DPR) is presently 33.63%.
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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.
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