Vident Investment Advisory LLC Buys 3,068 Shares of General Dynamics Co. (NYSE:GD)


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Vident Investment Advisory LLC raised its stake in shares of General Dynamics Co. (NYSE:GD) by 23.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,955 shares of the aerospace company’s stock after purchasing an additional 3,068 shares during the quarter. Vident Investment Advisory LLC’s holdings in General Dynamics were worth $2,374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently made changes to their positions in the company. Alliancebernstein L.P. lifted its holdings in shares of General Dynamics by 0.6% in the 4th quarter. Alliancebernstein L.P. now owns 340,592 shares of the aerospace company’s stock worth $50,687,000 after acquiring an additional 1,870 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of General Dynamics by 127.1% in the 4th quarter. Principal Financial Group Inc. now owns 745,994 shares of the aerospace company’s stock worth $111,019,000 after acquiring an additional 417,446 shares during the last quarter. FDx Advisors Inc. lifted its holdings in shares of General Dynamics by 5.5% in the 4th quarter. FDx Advisors Inc. now owns 9,996 shares of the aerospace company’s stock worth $1,488,000 after acquiring an additional 523 shares during the last quarter. Schulhoff & Co. Inc. lifted its holdings in shares of General Dynamics by 21.6% in the 4th quarter. Schulhoff & Co. Inc. now owns 9,038 shares of the aerospace company’s stock worth $1,345,000 after acquiring an additional 1,607 shares during the last quarter. Finally, Arrow Financial Corp lifted its holdings in shares of General Dynamics by 1.3% in the 4th quarter. Arrow Financial Corp now owns 8,950 shares of the aerospace company’s stock worth $1,332,000 after acquiring an additional 116 shares during the last quarter. Institutional investors and hedge funds own 84.48% of the company’s stock.

A number of brokerages have recently weighed in on GD. Susquehanna boosted their price objective on shares of General Dynamics from $162.00 to $180.00 and gave the stock a “positive” rating in a report on Friday, January 29th. TheStreet raised shares of General Dynamics from a “c+” rating to a “b-” rating in a research note on Thursday, December 17th. Credit Suisse Group decreased their target price on shares of General Dynamics from $156.00 to $140.00 and set a “neutral” rating on the stock in a research note on Thursday, October 29th. They noted that the move was a valuation call. Susquehanna Bancshares lifted their target price on shares of General Dynamics from $162.00 to $180.00 and gave the stock a “positive” rating in a research note on Friday, January 29th. Finally, Morgan Stanley decreased their target price on shares of General Dynamics from $161.00 to $149.00 and set an “underweight” rating on the stock in a research note on Monday, February 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $162.07.

Shares of General Dynamics stock opened at $166.42 on Tuesday. The company has a current ratio of 1.29, a quick ratio of 0.90 and a debt-to-equity ratio of 0.68. The company’s fifty day simple moving average is $155.26 and its two-hundred day simple moving average is $149.10. The company has a market cap of $47.64 billion, a P/E ratio of 15.10, a PEG ratio of 2.40 and a beta of 1.03. General Dynamics Co. has a 12-month low of $100.55 and a 12-month high of $185.65.

General Dynamics (NYSE:GD) last announced its earnings results on Tuesday, January 26th. The aerospace company reported $3.49 EPS for the quarter, missing the Zacks’ consensus estimate of $3.54 by ($0.05). General Dynamics had a net margin of 8.33% and a return on equity of 23.00%. The business had revenue of $10.48 billion for the quarter, compared to the consensus estimate of $10.76 billion. During the same quarter last year, the firm posted $3.51 EPS. The business’s quarterly revenue was down 2.7% on a year-over-year basis. Analysts predict that General Dynamics Co. will post 11.06 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, February 5th. Stockholders of record on Friday, January 15th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date was Thursday, January 14th. General Dynamics’s dividend payout ratio (DPR) is presently 36.73%.

General Dynamics Company Profile

General Dynamics Corp. is an aerospace and defense company, which engages in the provision of tanks, rockets, missiles, submarines, warships, fighters and electronics to all of the military services. It operates through the following segments: Aerospace, Combat Systems, Information Technology, Mission Systems and Marine Systems.

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Institutional Ownership by Quarter for General Dynamics (NYSE:GD)

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