SG Americas Securities LLC raised its position in General Dynamics Co. (NYSE:GD - Free Report) by 1,488.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 221,484 shares of the aerospace company's stock after acquiring an additional 207,544 shares during the quarter. SG Americas Securities LLC owned 0.08% of General Dynamics worth $60,372,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in GD. Accurate Wealth Management LLC increased its position in shares of General Dynamics by 12.6% during the first quarter. Accurate Wealth Management LLC now owns 3,820 shares of the aerospace company's stock worth $1,055,000 after acquiring an additional 427 shares during the last quarter. Simplicity Wealth LLC purchased a new stake in General Dynamics during the 1st quarter worth approximately $224,000. West Paces Advisors Inc. raised its position in shares of General Dynamics by 5.7% in the 1st quarter. West Paces Advisors Inc. now owns 810 shares of the aerospace company's stock valued at $221,000 after purchasing an additional 44 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of General Dynamics by 27.2% during the 1st quarter. GAMMA Investing LLC now owns 4,566 shares of the aerospace company's stock valued at $1,245,000 after buying an additional 977 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC grew its position in shares of General Dynamics by 5.6% during the first quarter. Wealthcare Advisory Partners LLC now owns 2,523 shares of the aerospace company's stock worth $688,000 after buying an additional 133 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the stock. Argus set a $295.00 price target on shares of General Dynamics in a report on Tuesday, May 6th. TD Securities upped their target price on shares of General Dynamics from $275.00 to $290.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Susquehanna increased their price target on shares of General Dynamics from $300.00 to $315.00 and gave the stock a "positive" rating in a research report on Wednesday, April 2nd. Morgan Stanley lowered their price objective on General Dynamics from $305.00 to $300.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Finally, Citigroup reduced their target price on General Dynamics from $335.00 to $330.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, General Dynamics has an average rating of "Hold" and an average target price of $293.00.
Read Our Latest Analysis on GD
General Dynamics Stock Performance
Shares of GD stock traded up $3.02 during trading hours on Friday, reaching $282.95. The stock had a trading volume of 1,649,124 shares, compared to its average volume of 1,384,735. The firm has a market capitalization of $75.94 billion, a PE ratio of 20.74, a price-to-earnings-growth ratio of 1.69 and a beta of 0.46. The firm has a 50-day simple moving average of $274.62 and a 200-day simple moving average of $266.63. General Dynamics Co. has a twelve month low of $239.20 and a twelve month high of $316.90. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.37 and a quick ratio of 0.82.
General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 EPS for the quarter, beating the consensus estimate of $3.43 by $0.23. The company had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.92 billion. General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. General Dynamics's revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the business earned $2.88 earnings per share. As a group, equities analysts forecast that General Dynamics Co. will post 14.83 earnings per share for the current year.
General Dynamics Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be paid a $1.50 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $6.00 annualized dividend and a dividend yield of 2.12%. General Dynamics's payout ratio is 41.61%.
General Dynamics Profile
(
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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