Mount Yale Investment Advisors LLC acquired a new position in shares of General Dynamics Co. (NYSE:GD) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 741 shares of the aerospace company’s stock, valued at approximately $164,000.
Other large investors also recently modified their holdings of the company. Dubuque Bank & Trust Co. grew its holdings in General Dynamics by 230.7% during the 1st quarter. Dubuque Bank & Trust Co. now owns 496 shares of the aerospace company’s stock worth $109,000 after acquiring an additional 346 shares during the last quarter. Highlander Capital Management LLC grew its holdings in General Dynamics by 101.4% during the 4th quarter. Highlander Capital Management LLC now owns 596 shares of the aerospace company’s stock worth $121,000 after acquiring an additional 300 shares during the last quarter. Optimum Investment Advisors bought a new stake in General Dynamics during the 1st quarter worth about $134,000. We Are One Seven LLC bought a new stake in General Dynamics during the 4th quarter worth about $128,000. Finally, Moneta Group Investment Advisors LLC grew its holdings in General Dynamics by 1,143.4% during the 1st quarter. Moneta Group Investment Advisors LLC now owns 659 shares of the aerospace company’s stock worth $146,000 after acquiring an additional 606 shares during the last quarter. 86.00% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have commented on the stock. Morgan Stanley decreased their price objective on shares of General Dynamics from $215.00 to $207.00 and set an “underweight” rating on the stock in a report on Friday, June 22nd. Zacks Investment Research downgraded shares of General Dynamics from a “hold” rating to a “sell” rating in a research report on Tuesday, June 26th. Royal Bank of Canada restated a “buy” rating and set a $263.00 target price on shares of General Dynamics in a research report on Friday, April 6th. JPMorgan Chase & Co. initiated coverage on shares of General Dynamics in a research report on Wednesday, April 4th. They set an “underweight” rating on the stock. Finally, ValuEngine downgraded shares of General Dynamics from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Four research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. General Dynamics has a consensus rating of “Hold” and an average price target of $240.53.
Shares of NYSE:GD opened at $186.41 on Friday. The company has a market capitalization of $55.37 billion, a P/E ratio of 18.42, a PEG ratio of 1.75 and a beta of 0.83. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 1.34. General Dynamics Co. has a fifty-two week low of $184.21 and a fifty-two week high of $230.00.
General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, April 25th. The aerospace company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.49 by $0.16. The business had revenue of $7.50 billion for the quarter, compared to the consensus estimate of $7.56 billion. General Dynamics had a net margin of 9.49% and a return on equity of 26.83%. General Dynamics’s revenue for the quarter was up .8% on a year-over-year basis. During the same period last year, the company posted $2.48 EPS. analysts forecast that General Dynamics Co. will post 11.02 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 10th. Investors of record on Friday, July 6th will be given a $0.93 dividend. The ex-dividend date of this dividend is Thursday, July 5th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.00%. General Dynamics’s dividend payout ratio is 37.39%.
About General Dynamics
General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four business groups: Aerospace; Combat Systems; Information Systems and Technology; and Marine Systems. The Aerospace group designs, develops, manufactures, service and supports business-jet aircraft; and provides aircraft services, such as maintenance, aircraft management, charter, fixed-base operational, and staffing services.
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