Baldwin Brothers LLC MA grew its holdings in shares of General Dynamics Co. (NYSE:GD – Get Rating) by 442.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 813 shares of the aerospace company’s stock after buying an additional 663 shares during the quarter. Baldwin Brothers LLC MA’s holdings in General Dynamics were worth $202,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Harbor Investment Advisory LLC increased its stake in General Dynamics by 3.7% during 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 during the period. Valmark Advisers Inc. increased its holdings 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 purchasing an additional 41 shares in the last quarter. TRUE Private Wealth Advisors raised its position in shares of General Dynamics by 4.1% during the third quarter. TRUE Private Wealth Advisors now owns 1,070 shares of the aerospace company’s stock worth $227,000 after acquiring an additional 42 shares during the last quarter. Exencial Wealth Advisors LLC raised its holdings in General Dynamics by 3.7% during the 3rd quarter. Exencial Wealth Advisors LLC now owns 1,220 shares of the aerospace company’s stock worth $259,000 after purchasing an additional 44 shares during the last quarter. Finally, White Pine Capital LLC lifted its holdings in General Dynamics by 2.5% in the second quarter. White Pine Capital LLC now owns 1,961 shares of the aerospace company’s stock valued at $434,000 after buying an additional 48 shares during the period. Institutional investors and hedge funds own 84.83% of the company’s stock.
Insider Transactions at General Dynamics
In related news, VP Mark Lagrand Burns sold 27,600 shares of General Dynamics stock in a transaction on Friday, January 27th. The stock was sold at an average price of $226.93, for a total transaction of $6,263,268.00. Following the sale, the vice president now directly owns 56,909 shares in the company, valued at $12,914,359.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.50% of the company’s stock.
Analyst Ratings Changes
General Dynamics Stock Performance
Shares of General Dynamics stock opened at $227.71 on Friday. General Dynamics Co. has a one year low of $207.42 and a one year high of $256.86. The business has a 50-day simple moving average of $227.95 and a 200 day simple moving average of $236.55. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.37 and a quick ratio of 0.96. The firm has a market capitalization of $62.55 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 2.09 and a beta of 0.84.
General Dynamics (NYSE:GD – Get Rating) last announced its earnings results on Wednesday, January 25th. The aerospace company reported $3.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.53 by $0.05. The company had revenue of $10.85 billion for the quarter, compared to analysts’ expectations of $10.66 billion. General Dynamics had a return on equity of 18.93% and a net margin of 8.60%. General Dynamics’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.39 earnings per share. On average, research analysts anticipate that General Dynamics Co. will post 12.67 earnings per share for the current fiscal year.
General Dynamics Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 12th. Shareholders of record on Friday, April 14th will be paid a $1.32 dividend. This is a positive change from General Dynamics’s previous quarterly dividend of $1.26. The ex-dividend date of this dividend is Thursday, April 13th. This represents a $5.28 annualized dividend and a yield of 2.32%. General Dynamics’s dividend payout ratio (DPR) is 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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