WealthTrust Fairport LLC lifted its position in shares of General Dynamics Co. (NYSE:GD) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,594 shares of the aerospace company’s stock after buying an additional 697 shares during the period. WealthTrust Fairport LLC’s holdings in General Dynamics were worth $8,259,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the company. Resources Investment Advisors Inc. boosted its position in General Dynamics by 92.3% during the 4th quarter. Resources Investment Advisors Inc. now owns 625 shares of the aerospace company’s stock worth $127,000 after purchasing an additional 300 shares during the period. NuWave Investment Management LLC purchased a new stake in General Dynamics during the 4th quarter worth $130,000. Fieldpoint Private Securities LLC purchased a new stake in General Dynamics during the 3rd quarter worth $148,000. Independence Bank of Kentucky purchased a new stake in General Dynamics during the 4th quarter worth $157,000. Finally, Sit Investment Associates Inc. boosted its position in General Dynamics by 170.0% during the 4th quarter. Sit Investment Associates Inc. now owns 953 shares of the aerospace company’s stock worth $194,000 after purchasing an additional 600 shares during the period. Institutional investors and hedge funds own 86.88% of the company’s stock.
General Dynamics Co. (GD) opened at $224.19 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.40 and a quick ratio of 0.99. The firm has a market cap of $66,570.00, a PE ratio of 22.44, a price-to-earnings-growth ratio of 2.37 and a beta of 0.85. General Dynamics Co. has a 12-month low of $183.72 and a 12-month high of $229.54.
General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.13. The company had revenue of $8.28 billion during the quarter, compared to analysts’ expectations of $8.40 billion. General Dynamics had a net margin of 9.40% and a return on equity of 27.22%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.89 EPS. equities research analysts predict that General Dynamics Co. will post 11.1 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, February 9th. Stockholders of record on Friday, January 19th were given a dividend of $0.84 per share. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $3.36 annualized dividend and a dividend yield of 1.50%. General Dynamics’s payout ratio is 33.63%.
In other news, insider John Patrick Casey sold 9,304 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $215.29, for a total transaction of $2,003,058.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John M. Keane sold 1,800 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $216.43, for a total transaction of $389,574.00. The disclosure for this sale can be found here. Company insiders own 6.70% of the company’s stock.
A number of analysts recently weighed in on the stock. Citigroup upped their price target on shares of General Dynamics from $215.00 to $235.00 and gave the stock a “neutral” rating in a research report on Thursday, January 25th. Cowen reaffirmed a “buy” rating and set a $230.00 price target on shares of General Dynamics in a research report on Thursday, October 26th. Bank of America upped their price target on shares of General Dynamics from $245.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Credit Suisse Group reaffirmed an “outperform” rating and set a $238.00 price target (up from $216.00) on shares of General Dynamics in a research report on Thursday, October 26th. Finally, Zacks Investment Research raised shares of General Dynamics from a “hold” rating to a “buy” rating and set a $238.00 price target for the company in a research report on Thursday, October 26th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $232.09.
General Dynamics Company Profile
General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.
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