AustralianSuper Pty Ltd grew its position in General Dynamics Co. (NYSE:GD - Free Report) by 12.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,636 shares of the aerospace company's stock after acquiring an additional 1,091 shares during the period. AustralianSuper Pty Ltd's holdings in General Dynamics were worth $2,539,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of GD. Asset Planning Inc acquired a new position in shares of General Dynamics during the 4th quarter worth about $288,000. V Square Quantitative Management LLC raised its position in shares of General Dynamics by 17.9% during the 4th quarter. V Square Quantitative Management LLC now owns 843 shares of the aerospace company's stock worth $222,000 after purchasing an additional 128 shares during the last quarter. Bogart Wealth LLC raised its position in shares of General Dynamics by 48.9% during the 4th quarter. Bogart Wealth LLC now owns 29,705 shares of the aerospace company's stock worth $7,827,000 after purchasing an additional 9,759 shares during the last quarter. Asset Management One Co. Ltd. raised its position in shares of General Dynamics by 1.8% during the 4th quarter. Asset Management One Co. Ltd. now owns 87,676 shares of the aerospace company's stock worth $23,334,000 after purchasing an additional 1,537 shares during the last quarter. Finally, Pathway Financial Advisers LLC raised its position in shares of General Dynamics by 1.3% during the 4th quarter. Pathway Financial Advisers LLC now owns 5,115 shares of the aerospace company's stock worth $1,348,000 after purchasing an additional 65 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.
Insider Buying and Selling
In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $280.91, for a total transaction of $1,556,241.40. Following the sale, the vice president now directly owns 20,296 shares in the company, valued at $5,701,349.36. This represents a 21.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Laura J. Schumacher sold 1,796 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $255.68, for a total transaction of $459,201.28. Following the sale, the director now owns 11,175 shares in the company, valued at approximately $2,857,224. This trade represents a 13.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
GD has been the subject of several research analyst reports. Baird R W downgraded shares of General Dynamics from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Susquehanna dropped their price objective on shares of General Dynamics from $315.00 to $300.00 and set a "positive" rating for the company in a research note on Thursday, January 30th. Wells Fargo & Company dropped their price objective on shares of General Dynamics from $279.00 to $276.00 and set an "equal weight" rating for the company in a research note on Thursday, January 30th. The Goldman Sachs Group dropped their price objective on shares of General Dynamics from $245.00 to $241.00 and set a "sell" rating for the company in a research note on Tuesday, January 28th. Finally, BTIG Research cut shares of General Dynamics from a "buy" rating to a "neutral" rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, General Dynamics presently has a consensus rating of "Hold" and a consensus price target of $298.59.
Check Out Our Latest Stock Analysis on GD
General Dynamics Trading Up 0.6 %
Shares of NYSE:GD traded up $1.35 during mid-day trading on Wednesday, reaching $243.95. 1,900,014 shares of the company were exchanged, compared to its average volume of 1,734,416. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.37 and a quick ratio of 0.82. The firm has a market cap of $65.95 billion, a price-to-earnings ratio of 17.88, a P/E/G ratio of 1.67 and a beta of 0.61. The firm's 50-day simple moving average is $260.84 and its 200 day simple moving average is $283.37. General Dynamics Co. has a 1 year low of $239.87 and a 1 year high of $316.90.
General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share for the quarter, missing analysts' consensus estimates of $4.29 by ($0.14). General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. Equities research analysts forecast that General Dynamics Co. will post 14.83 EPS for the current year.
General Dynamics announced that its Board of Directors has authorized a share buyback plan on Wednesday, December 4th that permits the company to repurchase 10,000,000 outstanding shares. This repurchase authorization permits the aerospace company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.
General Dynamics Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 17th were given a dividend of $1.42 per share. The ex-dividend date was Friday, January 17th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.33%. General Dynamics's payout ratio is currently 41.64%.
About General Dynamics
(
Free Report)
General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.
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