Murphy Pohlad Asset Management LLC Has $3.57 Million Stake in General Dynamics Co. (NYSE:GD)

Murphy Pohlad Asset Management LLC lessened its position in General Dynamics Co. (NYSE:GD - Free Report) by 9.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,112 shares of the aerospace company's stock after selling 1,318 shares during the period. General Dynamics accounts for about 1.5% of Murphy Pohlad Asset Management LLC's portfolio, making the stock its 23rd biggest holding. Murphy Pohlad Asset Management LLC's holdings in General Dynamics were worth $3,574,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in GD. Hickory Point Bank & Trust bought a new position in General Dynamics during the 4th quarter worth $692,000. Atlas Legacy Advisors LLC bought a new position in shares of General Dynamics during the fourth quarter worth about $550,000. Jones Financial Companies Lllp lifted its stake in shares of General Dynamics by 45.4% in the fourth quarter. Jones Financial Companies Lllp now owns 80,565 shares of the aerospace company's stock worth $21,228,000 after acquiring an additional 25,144 shares during the period. U S Global Investors Inc. boosted its holdings in General Dynamics by 18.6% in the fourth quarter. U S Global Investors Inc. now owns 79,450 shares of the aerospace company's stock valued at $20,934,000 after acquiring an additional 12,453 shares during the last quarter. Finally, Renasant Bank increased its position in General Dynamics by 46.8% during the 4th quarter. Renasant Bank now owns 3,258 shares of the aerospace company's stock valued at $858,000 after purchasing an additional 1,038 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on GD shares. Morgan Stanley reduced their price objective on shares of General Dynamics from $305.00 to $300.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Argus set a $295.00 price target on shares of General Dynamics in a research report on Tuesday, May 6th. UBS Group lifted their price objective on General Dynamics from $268.00 to $279.00 and gave the stock a "neutral" rating in a research report on Thursday, April 24th. Susquehanna upped their target price on General Dynamics from $300.00 to $315.00 and gave the company a "positive" rating in a research report on Wednesday, April 2nd. Finally, Citigroup lowered their target price on General Dynamics from $335.00 to $330.00 and set a "buy" rating for the company in a report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $293.00.

General Dynamics Trading Up 1.1%

NYSE:GD opened at $282.95 on Monday. General Dynamics Co. has a one year low of $239.20 and a one year high of $316.90. The company has a market cap of $75.94 billion, a PE ratio of 20.74, a PEG ratio of 1.69 and a beta of 0.46. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.37 and a quick ratio of 0.82. The firm has a 50-day moving average of $274.62 and a 200-day moving average of $266.41.

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

General Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Thursday, July 3rd. General Dynamics's dividend payout ratio is 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.

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