Jones Financial Companies Lllp decreased its position in General Dynamics Co. (NYSE:GD) by 8.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,027 shares of the aerospace company’s stock after selling 1,652 shares during the period. Jones Financial Companies Lllp’s holdings in General Dynamics were worth $3,464,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. lifted its stake in General Dynamics by 0.4% during the 4th quarter. BlackRock Inc. now owns 16,670,214 shares of the aerospace company’s stock valued at $3,391,556,000 after acquiring an additional 60,034 shares during the period. Janus Henderson Group PLC lifted its stake in General Dynamics by 6.1% during the 3rd quarter. Janus Henderson Group PLC now owns 5,302,868 shares of the aerospace company’s stock valued at $1,090,164,000 after acquiring an additional 304,175 shares during the period. Geode Capital Management LLC lifted its stake in General Dynamics by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 3,115,765 shares of the aerospace company’s stock valued at $632,676,000 after acquiring an additional 57,738 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its stake in General Dynamics by 2,097.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,711,597 shares of the aerospace company’s stock valued at $353,351,000 after acquiring an additional 1,633,700 shares during the period. Finally, Bank of Montreal Can lifted its stake in General Dynamics by 15.0% during the 4th quarter. Bank of Montreal Can now owns 1,557,931 shares of the aerospace company’s stock valued at $316,962,000 after acquiring an additional 202,628 shares during the period. Institutional investors own 93.41% of the company’s stock.
Several equities analysts have issued reports on GD shares. Royal Bank of Canada set a $239.00 target price on shares of General Dynamics and gave the company a “buy” rating in a research note on Wednesday, November 15th. ValuEngine cut shares of General Dynamics from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Zacks Investment Research cut shares of General Dynamics from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Jefferies Group upped their price target on shares of 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 target (up previously from $230.00) on shares of General Dynamics in a research report on Tuesday, January 30th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the stock. General Dynamics currently has a consensus rating of “Buy” and a consensus price target of $235.88.
Shares of General Dynamics Co. (GD) opened at $229.95 on Monday. The stock has a market cap of $68,279.88, a P/E ratio of 23.11, a P/E/G ratio of 2.44 and a beta of 0.83. General Dynamics Co. has a fifty-two week low of $183.72 and a fifty-two week 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 released its earnings results on Wednesday, January 24th. The aerospace company reported $2.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.37 by $0.13. The company had revenue of $8.28 billion during the quarter, compared to analyst estimates of $8.40 billion. General Dynamics had a net margin of 9.40% and a return on equity of 27.22%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.89 EPS. analysts predict that General Dynamics Co. will post 11.09 earnings per share for the current fiscal year.
The company also recently announced 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 represents a $3.72 annualized dividend and a yield of 1.62%. This is a positive change from General Dynamics’s previous quarterly dividend of $0.84. The ex-dividend date is Thursday, April 12th. General Dynamics’s dividend payout ratio is currently 35.18%.
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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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