Lodge Hill Capital LLC acquired a new position in shares of General Dynamics Co. (NYSE:GD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 130,000 shares of the aerospace company’s stock, valued at approximately $26,449,000. General Dynamics makes up about 2.9% of Lodge Hill Capital LLC’s investment portfolio, making the stock its 14th biggest position.
Other hedge funds and other institutional investors have also modified their holdings of the company. ETRADE Capital Management LLC raised its holdings in shares of General Dynamics by 38.0% during the third quarter. ETRADE Capital Management LLC now owns 2,337 shares of the aerospace company’s stock valued at $481,000 after acquiring an additional 643 shares in the last quarter. IFG Advisory LLC purchased a new stake in General Dynamics in the fourth quarter worth $543,000. Amalgamated Bank grew its stake in General Dynamics by 1.8% in the third quarter. Amalgamated Bank now owns 30,733 shares of the aerospace company’s stock worth $6,318,000 after purchasing an additional 549 shares during the period. Country Club Trust Company n.a. purchased a new stake in General Dynamics in the fourth quarter worth $448,000. Finally, Rothschild Investment Corp IL grew its stake in General Dynamics by 11.3% in the fourth quarter. Rothschild Investment Corp IL now owns 37,975 shares of the aerospace company’s stock worth $7,726,000 after purchasing an additional 3,849 shares during the period. 93.41% of the stock is owned by institutional investors.
Shares of General Dynamics Co. (NYSE GD) traded down $1.66 during midday trading on Wednesday, reaching $221.69. The company’s stock had a trading volume of 1,000,000 shares, compared to its average volume of 1,730,000. The company has a market cap of $65,830.00, a price-to-earnings ratio of 22.19, a PEG ratio of 2.38 and a beta of 0.83. The company has a current ratio of 1.40, a quick ratio of 0.99 and a debt-to-equity ratio of 0.35. General Dynamics Co. has a 1-year low of $183.72 and a 1-year high of $230.00.
General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, January 24th. The aerospace company reported $2.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.37 by $0.13. The firm had revenue of $8.28 billion for the quarter, compared to the consensus estimate of $8.40 billion. General Dynamics had a return on equity of 27.22% and a net margin of 9.40%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.89 EPS. equities research analysts anticipate that General Dynamics Co. will post 11.09 earnings per share for the current year.
The firm 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 $0.93 dividend. This is a boost from General Dynamics’s previous quarterly dividend of $0.84. The ex-dividend date of this dividend is Thursday, April 12th. This represents a $3.72 dividend on an annualized basis and a yield of 1.68%. General Dynamics’s dividend payout ratio is presently 33.63%.
GD has been the topic of a number of recent research reports. Royal Bank of Canada set a $239.00 target price on General Dynamics and gave the stock a “buy” rating in a research note on Wednesday, November 15th. ValuEngine cut General Dynamics from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Zacks Investment Research cut General Dynamics from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Jefferies Group increased their price objective on General Dynamics to $247.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. They noted that the move was a valuation call. Finally, Buckingham Research reaffirmed a “buy” rating and set a $260.00 price objective (up from $230.00) on shares of General Dynamics in a research report on Tuesday, January 30th. 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 company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $235.88.
In other news, VP Gary L. Whited sold 5,977 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $224.52, for a total value of $1,341,956.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider S. Daniel Johnson sold 3,933 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $228.79, for a total value of $899,831.07. Following the completion of the sale, the insider now owns 66,363 shares of the company’s stock, valued at $15,183,190.77. The disclosure for this sale can be found here. Insiders sold a total of 30,357 shares of company stock valued at $6,715,463 in the last ninety days. 6.70% of the stock is currently owned by insiders.
General Dynamics 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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