Janus Henderson Group PLC lifted its holdings in General Dynamics Corporation (NYSE:GD) by 6.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,302,868 shares of the aerospace company’s stock after purchasing an additional 304,175 shares during the period. General Dynamics accounts for approximately 0.7% of Janus Henderson Group PLC’s portfolio, making the stock its 15th biggest holding. Janus Henderson Group PLC owned 1.78% of General Dynamics worth $1,090,164,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. Quadrant Capital Group LLC boosted its holdings in General Dynamics by 6.1% during the second quarter. Quadrant Capital Group LLC now owns 645 shares of the aerospace company’s stock valued at $110,000 after purchasing an additional 37 shares in the last quarter. Vantage Investment Advisors LLC boosted its holdings in General Dynamics by 9.3% during the second quarter. Vantage Investment Advisors LLC now owns 585 shares of the aerospace company’s stock valued at $116,000 after purchasing an additional 50 shares in the last quarter. Captrust Financial Advisors acquired a new stake in General Dynamics during the second quarter valued at approximately $129,000. WFG Advisors LP boosted its holdings in General Dynamics by 0.3% during the second quarter. WFG Advisors LP now owns 668 shares of the aerospace company’s stock valued at $132,000 after purchasing an additional 2 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. boosted its holdings in General Dynamics by 65.3% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 780 shares of the aerospace company’s stock valued at $155,000 after purchasing an additional 308 shares in the last quarter. Institutional investors and hedge funds own 86.87% of the company’s stock.
A number of equities research analysts have weighed in on the company. Cowen reaffirmed a “buy” rating and set a $230.00 price objective on shares of General Dynamics in a report on Thursday, October 26th. ValuEngine downgraded General Dynamics from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Zacks Investment Research raised General Dynamics from a “hold” rating to a “buy” rating and set a $238.00 price objective on the stock in a report on Thursday, October 26th. Credit Suisse Group reaffirmed an “outperform” rating and set a $238.00 price objective (up from $216.00) on shares of General Dynamics in a report on Thursday, October 26th. Finally, Citigroup reaffirmed a “neutral” rating and set a $215.00 price objective (up from $210.00) on shares of General Dynamics in a report on Monday, October 9th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. General Dynamics presently has an average rating of “Hold” and a consensus price target of $218.45.
In other General Dynamics news, insider John Patrick Casey sold 34,945 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $201.38, for a total transaction of $7,037,224.10. Following the completion of the sale, the insider now owns 144,378 shares in the company, valued at approximately $29,074,841.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Gregory S. Gallopoulos sold 78,370 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $202.93, for a total transaction of $15,903,624.10. The disclosure for this sale can be found here. 6.70% of the stock is currently owned by corporate insiders.
General Dynamics Corporation (NYSE GD) traded down $0.04 during trading hours on Friday, reaching $200.17. The company’s stock had a trading volume of 1,236,000 shares, compared to its average volume of 1,149,884. General Dynamics Corporation has a 12-month low of $168.00 and a 12-month high of $214.81. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.93 and a current ratio of 1.37. The firm has a market cap of $59,779.29, a P/E ratio of 19.88, a price-to-earnings-growth ratio of 2.40 and a beta of 0.72.
General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.09. General Dynamics had a return on equity of 27.98% and a net margin of 9.94%. The firm had revenue of $7.58 billion for the quarter, compared to the consensus estimate of $7.94 billion. During the same quarter in the prior year, the business earned $2.36 EPS. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. analysts forecast that General Dynamics Corporation will post 9.81 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 19th will be issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Thursday, January 18th. General Dynamics’s dividend payout ratio is 33.50%.
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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