CX Institutional Grows Position in General Dynamics Co. (NYSE:GD)

CX Institutional raised its holdings in General Dynamics Co. (NYSE:GD - Free Report) by 28.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,868 shares of the aerospace company's stock after buying an additional 3,091 shares during the quarter. CX Institutional's holdings in General Dynamics were worth $3,780,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its position in shares of General Dynamics by 34,578.2% during the first quarter. GAMMA Investing LLC now owns 1,244,600 shares of the aerospace company's stock worth $339,253,000 after purchasing an additional 1,241,011 shares during the period. Castlekeep Investment Advisors LLC bought a new stake in General Dynamics during the fourth quarter worth $279,582,000. Raymond James Financial Inc. bought a new stake in General Dynamics during the fourth quarter worth $197,238,000. Vanguard Group Inc. grew its holdings in General Dynamics by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 23,780,078 shares of the aerospace company's stock worth $6,265,813,000 after buying an additional 706,317 shares in the last quarter. Finally, Capital Research Global Investors grew its holdings in General Dynamics by 7.4% during the fourth quarter. Capital Research Global Investors now owns 6,734,148 shares of the aerospace company's stock worth $1,774,381,000 after buying an additional 463,497 shares in the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GD. UBS Group upped their price target on General Dynamics from $268.00 to $279.00 and gave the stock a "neutral" rating in a report on Thursday, April 24th. Argus set a $295.00 price objective on General Dynamics in a research note on Tuesday, May 6th. William Blair downgraded General Dynamics from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. TD Securities upped their price objective on General Dynamics from $275.00 to $290.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Finally, Wells Fargo & Company reduced their price objective on General Dynamics from $261.00 to $236.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $293.00.

General Dynamics Trading Up 1.4%

GD traded up $3.97 on Thursday, hitting $279.80. 752,762 shares of the company were exchanged, compared to its average volume of 1,380,886. The stock has a market capitalization of $75.10 billion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 1.69 and a beta of 0.46. General Dynamics Co. has a 12 month low of $239.20 and a 12 month high of $316.90. The firm has a fifty day simple moving average of $273.40 and a two-hundred day simple moving average of $266.64. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.37.

General Dynamics (NYSE:GD - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share for the quarter, topping analysts' consensus estimates of $3.43 by $0.23. The firm had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.92 billion. General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. The business's quarterly revenue was up 13.9% compared to the same quarter last year. During the same period last year, the company earned $2.88 EPS. Sell-side analysts expect that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be given a $1.50 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.14%. General Dynamics's dividend payout ratio is currently 41.61%.

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.