General Dynamics Co. (NYSE:GD) Stock Position Raised by Quantbot Technologies LP

Quantbot Technologies LP lifted its position in shares of General Dynamics Co. (NYSE:GD - Free Report) by 121.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,526 shares of the aerospace company's stock after buying an additional 9,621 shares during the quarter. Quantbot Technologies LP's holdings in General Dynamics were worth $5,085,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of General Dynamics in the fourth quarter valued at approximately $728,284,000. Verity & Verity LLC purchased a new position in General Dynamics during the first quarter worth $179,000. 1832 Asset Management L.P. raised its holdings in shares of General Dynamics by 3,645.4% in the fourth quarter. 1832 Asset Management L.P. now owns 558,586 shares of the aerospace company's stock worth $145,048,000 after acquiring an additional 543,672 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its position in shares of General Dynamics by 879.9% in the first quarter. Public Employees Retirement Association of Colorado now owns 340,359 shares of the aerospace company's stock valued at $96,148,000 after acquiring an additional 305,624 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of General Dynamics by 4.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,639,758 shares of the aerospace company's stock valued at $2,216,599,000 after acquiring an additional 293,316 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GD. Barclays lifted their price target on shares of General Dynamics from $310.00 to $325.00 and gave the stock an "overweight" rating in a report on Tuesday, July 30th. Wells Fargo & Company lifted their price objective on General Dynamics from $330.00 to $334.00 and gave the company an "overweight" rating in a research report on Thursday, July 25th. Royal Bank of Canada reiterated an "outperform" rating and set a $320.00 target price on shares of General Dynamics in a research report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of General Dynamics in a report on Monday, July 29th. Finally, Robert W. Baird reissued an "outperform" rating and issued a $345.00 target price on shares of General Dynamics in a research report on Tuesday, July 2nd. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $315.06.

General Dynamics Stock Performance

GD stock traded up $2.75 during trading on Monday, hitting $307.55. 867,021 shares of the company's stock traded hands, compared to its average volume of 1,064,477. The stock has a fifty day moving average price of $292.48 and a two-hundred day moving average price of $290.09. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.33. General Dynamics Co. has a 52 week low of $214.53 and a 52 week high of $309.97. The stock has a market capitalization of $84.38 billion, a price-to-earnings ratio of 25.19, a price-to-earnings-growth ratio of 1.64 and a beta of 0.61.

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

General Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 11th will be given a $1.42 dividend. The ex-dividend date is Friday, October 11th. This represents a $5.68 annualized dividend and a yield of 1.85%. General Dynamics's dividend payout ratio is presently 46.33%.

About General Dynamics

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.