Capital Investment Advisors LLC has increased its stakes in General Dynamics Co. (NYSE: GD – Get Rating) by 2.9% in the first quarter, according to HoldingsChannel.com. The company owned 7,780 shares of the aerospace company after buying an additional 220 shares during the quarter. Capital Investment Advisors LLC’s shares in General Dynamics were worth $ 1,876,000 at the end of the last quarter.
A number of other institutional investors also added or reduced their shares. Costello Asset Management INC acquired a new stake in General Dynamics in the fourth quarter worth about $ 26,000. Future Financial Wealth Management LLC acquired a new stake in General Dynamics in the fourth quarter worth about $ 29,000. Dixon Hughes Goodman Wealth Advisors LLC acquired a new stake in General Dynamics in the fourth quarter worth about $ 29,000. Wagner Wealth Management LLC increased its stake in General Dynamics by 71.6% in the fourth quarter. Wagner Wealth Management LLC already owns 139 shares of the aerospace company worth $ 29,000 after acquiring an additional 58 shares in the last quarter. Finally, Tyler Stone Wealth Management acquired a new stake in General Dynamics in the fourth quarter worth about $ 31,000. Hedge funds and other institutional investors own 85.84% of the company’s shares.
Shares of GD opened at $ 222.33 on Friday. The company has a market capitalization of $ 61.74 billion, a P / E ratio of 19.04, a P / E / G ratio of 1.81 and a beta ratio of 0.95. General Dynamics Co. has a one-year low of $ 182.66 and a one-year high of $ 254.99. The company has a debt to equity ratio of 0.58, a fast ratio of 1.09 and a current ratio of 1.48. The stock has a 50-day moving average price of $ 227.95 and a 200-day moving average price of $ 223.43.
General Dynamics (NYSE: GD – Get Rating) last released its quarterly earnings results on Wednesday, April 27th. The aerospace company reported $ 2.61 EPS for the quarter, beating analysts’ consensus estimates of $ 2.49 by $ 0.12. The firm had revenue of $ 9.39 billion in the quarter, compared to the consensus estimate of $ 9.02 billion. General Dynamics had a return on equity of 19.67% and a net profit of 8.52%. General Dynamics revenue for the quarter increased 0.0% year on year. In the same quarter of the previous year, the business reported $ 2.48 earnings per share. As a group, stock analysts predict that General Dynamics Co. will report 12.16 earnings per share for the current fiscal year.
The company also recently announced a three-month dividend, which will be paid on Friday, August 5th. The record investors on Friday, July 1, will receive a dividend of $ 1.26. This represents a dividend of $ 5.04 on an annual basis and a yield of 2.27%. The date of the former dividend is Thursday, June 30. General Dynamics’ dividend payout ratio is currently 43.15%.
In related news, Vice President Gregory S. Gallopoulos sold 10,644 shares of shares in a deal on Friday, April 29th. The shares were sold at an average price of $ 237.93, for a total value of $ 2,532,526.92. Following the transaction, the vice president now owns 124,605 shares in the company worth $ 29,647,267.65. The sale was revealed in a document submitted to the Securities and Exchange Commission, which is available on the SEC website. Corporate insiders own 1.50% of the company’s shares.
Several stock analysts commented on the company. Morgan Stanley raised its General Dynamics price target from $ 215.00 to $ 243.00 and gave the stock an “equal weight” rating in a research note on Wednesday (March 2nd). Susquehanna Bancshares raised its General Dynamics target from $ 280.00 to $ 285.00 in a study note on Thursday, April 28. Susquehanna increased its target price for General Dynamics from $ 280.00 to $ 285.00 in a research note on Thursday, April 28. Wells Fargo & Company increased its target price for General Dynamics from $ 235.00 to $ 282.00 and gave the company an overweight rating in a research note on Monday, March 7th. Finally, StockNews.com began covering General Dynamics in a research note on Thursday, March 31st. They issued a “buy” rating for the company. Four research analysts rated the shares with a retention rating, and six assigned a rating to buy the company’s shares. According to MarketBeat, the company currently has a consensus “Moderate Buying” rating and an average target price of $ 243.00.
Company profile General Dynamics (Get a rating)
General Dynamics Corporation operates as a aerospace and defense company worldwide. It operates in four segments: aerospace, marine systems, combat systems and technology. The aerospace segment designs, manufactures and sells business aircraft; and offers maintenance and repair of aircraft, management, charter, maintenance and completion of aircraft on the ground, personnel and operator services on a fixed basis.
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