D.B. Root & Company LLC purchased a new position in General Dynamics Co. (NYSE:GD) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,247 shares of the aerospace company’s stock, valued at approximately $254,000.
Other large investors also recently bought and sold shares of the company. Highlander Capital Management LLC boosted its position in shares of General Dynamics by 101.4% in the 4th quarter. Highlander Capital Management LLC now owns 596 shares of the aerospace company’s stock worth $121,000 after purchasing an additional 300 shares during the last quarter. Resources Investment Advisors Inc. boosted its position in shares of General Dynamics by 92.3% in the 4th quarter. Resources Investment Advisors Inc. now owns 625 shares of the aerospace company’s stock worth $127,000 after purchasing an additional 300 shares during the last quarter. We Are One Seven LLC bought a new position in shares of General Dynamics in the 4th quarter worth $128,000. NuWave Investment Management LLC bought a new position in General Dynamics during the fourth quarter worth about $130,000. Finally, Prime Capital Investment Advisors LLC bought a new position in General Dynamics during the fourth quarter worth about $134,000. Institutional investors and hedge funds own 86.06% of the company’s stock.
Shares of General Dynamics Co. (NYSE:GD) opened at $218.37 on Friday. The company has a market capitalization of $66,438.89, a PE ratio of 22.49, a PEG ratio of 2.37 and a beta of 0.83. General Dynamics Co. has a twelve month low of $183.72 and a twelve month 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.
General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.13. The company had revenue of $8.28 billion for the quarter, compared to analyst estimates of $8.40 billion. General Dynamics had a return on equity of 27.22% and a net margin of 9.40%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.89 earnings per share. sell-side analysts anticipate that General Dynamics Co. will post 11.09 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 11th. Stockholders of record on Friday, April 13th will be issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.70%. This is a positive change from General Dynamics’s previous quarterly dividend of $0.84. The ex-dividend date of this dividend is Thursday, April 12th. General Dynamics’s payout ratio is 35.18%.
Several research firms have weighed in on GD. Zacks Investment Research lowered General Dynamics from a “buy” rating to a “hold” rating in a report on Monday, March 12th. ValuEngine upgraded General Dynamics from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Cowen reiterated an “outperform” rating and set a $253.00 target price (up from $230.00) on shares of General Dynamics in a report on Monday, February 26th. Morgan Stanley lifted their target price on General Dynamics from $209.00 to $225.00 and gave the stock an “underweight” rating in a report on Friday, February 23rd. Finally, Royal Bank of Canada lifted their target price on General Dynamics to $267.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. Three 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. The stock currently has a consensus rating of “Hold” and an average target price of $235.88.
In related news, EVP John Patrick Casey sold 4,133 shares of General Dynamics stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $225.27, for a total value of $931,040.91. Following the sale, the executive vice president now owns 96,055 shares of the company’s stock, valued at $21,638,309.85. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Gary L. Whited sold 5,977 shares of General Dynamics stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $224.52, for a total value of $1,341,956.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,357 shares of company stock worth $6,715,463. Corporate insiders own 6.70% of the company’s stock.
General Dynamics Company 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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