Foundations Investment Advisors LLC grew its position in General Dynamics Co. (NYSE:GD – Get Rating) by 44.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,840 shares of the aerospace company’s stock after acquiring an additional 1,178 shares during the quarter. Foundations Investment Advisors LLC’s holdings in General Dynamics were worth $953,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Harbor Investment Advisory LLC lifted its position in shares of General Dynamics by 3.7% in the third quarter. Harbor Investment Advisory LLC now owns 1,163 shares of the aerospace company’s stock valued at $247,000 after acquiring an additional 41 shares in the last quarter. Valmark Advisers Inc. lifted its position in shares of General Dynamics by 0.5% in the third quarter. Valmark Advisers Inc. now owns 7,503 shares of the aerospace company’s stock valued at $1,592,000 after acquiring an additional 41 shares in the last quarter. TRUE Private Wealth Advisors lifted its position in shares of General Dynamics by 4.1% in the third quarter. TRUE Private Wealth Advisors now owns 1,070 shares of the aerospace company’s stock valued at $227,000 after acquiring an additional 42 shares in the last quarter. Linscomb & Williams Inc. lifted its position in shares of General Dynamics by 0.3% in the second quarter. Linscomb & Williams Inc. now owns 15,221 shares of the aerospace company’s stock valued at $3,368,000 after acquiring an additional 44 shares in the last quarter. Finally, Exencial Wealth Advisors LLC lifted its position in shares of General Dynamics by 3.7% in the third quarter. Exencial Wealth Advisors LLC now owns 1,220 shares of the aerospace company’s stock valued at $259,000 after acquiring an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 84.83% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on the company. Citigroup cut their price target on General Dynamics from $298.00 to $283.00 and set a “buy” rating for the company in a report on Thursday, January 26th. StockNews.com cut General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Monday, March 13th. Susquehanna cut their price target on General Dynamics from $285.00 to $263.00 in a report on Thursday, January 26th. JPMorgan Chase & Co. cut their price target on General Dynamics from $260.00 to $245.00 and set an “overweight” rating for the company in a report on Friday, January 27th. Finally, Robert W. Baird cut their price target on General Dynamics from $290.00 to $268.00 in a report on Thursday, January 26th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $267.15.
Insider Activity
General Dynamics Trading Down 0.9 %
Shares of NYSE GD opened at $218.15 on Monday. General Dynamics Co. has a twelve month low of $207.42 and a twelve month high of $256.86. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.50. The stock has a fifty day simple moving average of $231.53 and a 200-day simple moving average of $236.89. The stock has a market capitalization of $59.87 billion, a PE ratio of 17.88, a PEG ratio of 1.99 and a beta of 0.84.
General Dynamics (NYSE:GD – Get Rating) last issued its quarterly earnings data on Wednesday, January 25th. The aerospace company reported $3.58 earnings per share for the quarter, beating analysts’ consensus estimates of $3.53 by $0.05. General Dynamics had a return on equity of 18.93% and a net margin of 8.60%. The business had revenue of $10.85 billion during the quarter, compared to analysts’ expectations of $10.66 billion. During the same period in the previous year, the firm posted $3.39 earnings per share. The company’s revenue was up 5.4% on a year-over-year basis. On average, equities analysts forecast that General Dynamics Co. will post 12.74 earnings per share for the current year.
General Dynamics Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 12th. Stockholders of record on Friday, April 14th will be paid a $1.32 dividend. The ex-dividend date is Thursday, April 13th. This is a boost from General Dynamics’s previous quarterly dividend of $1.26. This represents a $5.28 dividend on an annualized basis and a dividend yield of 2.42%. General Dynamics’s payout ratio is presently 41.31%.
About General Dynamics
General Dynamics Corp. is a global aerospace and defense company, which engages in design, engineering, and manufacturing to deliver state-of-the-art solutions. It operates through the following business segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment designs, manufactures, and sells business jets.
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