Chilton Capital Management LLC Raises Stake in General Dynamics Co. (NYSE:GD)

Chilton Capital Management LLC grew its stake in General Dynamics Co. (NYSE:GD - Free Report) by 3.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 87,103 shares of the aerospace company's stock after purchasing an additional 2,625 shares during the period. Chilton Capital Management LLC's holdings in General Dynamics were worth $25,272,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of GD. GUNN & Co INVESTMENT MANAGEMENT INC. bought a new stake in shares of General Dynamics in the 4th quarter valued at approximately $26,520,000. Gilbert & Cook Inc. boosted its holdings in shares of General Dynamics by 5.1% in the 4th quarter. Gilbert & Cook Inc. now owns 2,509 shares of the aerospace company's stock worth $652,000 after acquiring an additional 122 shares in the last quarter. Merit Financial Group LLC boosted its holdings in shares of General Dynamics by 9.5% in the 4th quarter. Merit Financial Group LLC now owns 8,351 shares of the aerospace company's stock worth $2,169,000 after acquiring an additional 725 shares in the last quarter. Vestmark Advisory Solutions Inc. acquired a new position in shares of General Dynamics in the 4th quarter worth approximately $308,000. Finally, TCG Advisory Services LLC acquired a new position in shares of General Dynamics in the 4th quarter worth approximately $276,000. 86.14% of the stock is currently owned by institutional investors.

General Dynamics Price Performance

GD traded up $1.53 during trading on Monday, hitting $299.36. 1,033,000 shares of the stock traded hands, compared to its average volume of 1,060,318. The business has a 50 day moving average price of $290.66 and a 200 day moving average price of $288.39. The company has a market cap of $82.26 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 1.64 and a beta of 0.60. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.33 and a quick ratio of 0.80. General Dynamics Co. has a twelve month low of $214.53 and a twelve month high of $302.75.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.30 by ($0.04). The company had revenue of $11.98 billion for the quarter, compared to analyst estimates of $11.46 billion. General Dynamics had a return on equity of 16.74% and a net margin of 7.89%. The firm's quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter last year, the company posted $2.70 earnings per share. Equities research analysts forecast that General Dynamics Co. will post 14.52 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 11th will be paid a $1.42 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $5.68 annualized dividend and a dividend yield of 1.90%. General Dynamics's dividend payout ratio is 46.33%.

Analyst Ratings Changes

Several brokerages have recently commented on GD. BTIG Research began coverage on General Dynamics in a report on Wednesday, June 26th. They issued a "buy" rating and a $345.00 target price on the stock. Sanford C. Bernstein upped their price objective on General Dynamics from $290.00 to $302.00 and gave the stock a "market perform" rating in a report on Thursday, May 23rd. Morgan Stanley raised General Dynamics from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $293.00 to $345.00 in a report on Friday, August 9th. Wells Fargo & Company upped their price objective on General Dynamics from $330.00 to $334.00 and gave the stock an "overweight" rating in a report on Thursday, July 25th. Finally, Robert W. Baird reaffirmed an "outperform" rating and set a $345.00 price objective on shares of General Dynamics in a report on Tuesday, July 2nd. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $315.06.

General Dynamics Profile

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.