Savant Capital LLC boosted its position in General Dynamics Corporation (NYSE:GD – Free Report) by 16.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,031 shares of the aerospace company’s stock after purchasing an additional 1,448 shares during the quarter. Savant Capital LLC’s holdings in General Dynamics were worth $3,421,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in GD. State Street Corp lifted its stake in shares of General Dynamics by 1.1% in the second quarter. State Street Corp now owns 11,140,437 shares of the aerospace company’s stock worth $3,249,220,000 after buying an additional 119,664 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in General Dynamics by 25.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,439,720 shares of the aerospace company’s stock valued at $1,003,444,000 after acquiring an additional 691,340 shares during the last quarter. Invesco Ltd. lifted its stake in General Dynamics by 0.4% in the 2nd quarter. Invesco Ltd. now owns 2,385,573 shares of the aerospace company’s stock worth $695,776,000 after purchasing an additional 9,283 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of General Dynamics by 2.5% during the 2nd quarter. Franklin Resources Inc. now owns 1,712,190 shares of the aerospace company’s stock worth $499,377,000 after purchasing an additional 41,349 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of General Dynamics by 1.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,598,847 shares of the aerospace company’s stock valued at $466,320,000 after purchasing an additional 16,459 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.
General Dynamics Trading Up 2.4%
Shares of GD stock opened at $360.37 on Friday. General Dynamics Corporation has a 1-year low of $239.20 and a 1-year high of $369.70. The firm has a market cap of $97.44 billion, a PE ratio of 23.32, a price-to-earnings-growth ratio of 2.10 and a beta of 0.41. The company has a 50-day moving average of $349.09 and a two-hundred day moving average of $336.61. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.44 and a quick ratio of 0.89.
General Dynamics Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, February 6th. Shareholders of record on Friday, January 16th were paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Friday, January 16th. General Dynamics’s dividend payout ratio is 38.83%.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. Vertical Research upgraded General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 price objective on the stock in a research report on Monday, October 27th. TD Cowen lifted their price target on General Dynamics from $370.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. UBS Group set a $393.00 price objective on shares of General Dynamics in a report on Thursday, January 29th. Weiss Ratings restated a “buy (b)” rating on shares of General Dynamics in a research report on Thursday, January 22nd. Finally, Robert W. Baird set a $390.00 target price on shares of General Dynamics in a report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $375.47.
Get Our Latest Stock Analysis on General Dynamics
Insider Buying and Selling at General Dynamics
In other news, VP David Paddock sold 20,360 shares of General Dynamics stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $334.92, for a total value of $6,818,971.20. Following the completion of the sale, the vice president directly owned 36,644 shares of the company’s stock, valued at approximately $12,272,808.48. The trade was a 35.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.50% of the company’s stock.
General Dynamics Company Profile
General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.
Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.
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