Bp Plc lessened its holdings in General Dynamics Co. (NYSE:GD) by 16.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,000 shares of the aerospace company’s stock after selling 5,400 shares during the period. Bp Plc’s holdings in General Dynamics were worth $4,244,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Financial Gravity Companies Inc. purchased a new stake in General Dynamics during the 4th quarter worth approximately $25,000. We Are One Seven LLC purchased a new stake in General Dynamics during the 4th quarter worth approximately $27,000. Moody National Bank Trust Division increased its stake in General Dynamics by 120.0% during the 4th quarter. Moody National Bank Trust Division now owns 363 shares of the aerospace company’s stock worth $57,000 after buying an additional 198 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in General Dynamics by 14,601.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,581,635 shares of the aerospace company’s stock worth $61,000 after buying an additional 9,516,460 shares in the last quarter. Finally, Csenge Advisory Group purchased a new stake in General Dynamics during the 3rd quarter worth approximately $80,000. Hedge funds and other institutional investors own 89.04% of the company’s stock.
In related news, VP Christopher J. Brady sold 2,327 shares of the company’s stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $171.23, for a total value of $398,452.21. Following the transaction, the vice president now directly owns 5,134 shares in the company, valued at $879,094.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Catherine B. Reynolds acquired 600 shares of the firm’s stock in a transaction that occurred on Friday, December 7th. The stock was acquired at an average price of $167.64 per share, for a total transaction of $100,584.00. Following the completion of the acquisition, the director now directly owns 1,153 shares of the company’s stock, valued at approximately $193,288.92. The disclosure for this purchase can be found here. 6.90% of the stock is owned by corporate insiders.
Several research firms have commented on GD. Morgan Stanley cut their price objective on General Dynamics from $209.00 to $189.00 and set an “underweight” rating for the company in a research note on Wednesday, November 14th. Barclays cut their price objective on General Dynamics from $256.00 to $210.00 and set an “overweight” rating for the company in a research note on Tuesday, December 4th. Cowen reiterated a “buy” rating and set a $253.00 price objective on shares of General Dynamics in a research note on Wednesday, October 24th. Wells Fargo & Co cut their price objective on General Dynamics from $250.00 to $210.00 and set an “outperform” rating for the company in a research note on Thursday, October 25th. Finally, Zacks Investment Research upgraded General Dynamics from a “sell” rating to a “hold” rating in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $208.23.
GD stock opened at $173.48 on Thursday. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $51.32 billion, a PE ratio of 15.19, a P/E/G ratio of 1.60 and a beta of 1.16. General Dynamics Co. has a 1 year low of $143.87 and a 1 year high of $230.00.
General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, January 30th. The aerospace company reported $3.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.98 by $0.09. The business had revenue of $10.38 billion during the quarter, compared to analyst estimates of $10.34 billion. General Dynamics had a return on equity of 28.33% and a net margin of 9.24%. The business’s revenue was up 25.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.50 earnings per share. Equities research analysts predict that General Dynamics Co. will post 11.73 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, February 8th. Stockholders of record on Friday, January 18th were given a $0.93 dividend. The ex-dividend date of this dividend was Thursday, January 17th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.14%. General Dynamics’s dividend payout ratio (DPR) is presently 32.57%.
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General Dynamics Profile
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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