Woodstock Corp decreased its stake in shares of General Dynamics Co. (NYSE:GD) by 3.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,447 shares of the aerospace company’s stock after selling 359 shares during the period. Woodstock Corp’s holdings in General Dynamics were worth $1,412,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Quadrant Capital Group LLC lifted its stake in shares of General Dynamics by 19.1% in the 4th quarter. Quadrant Capital Group LLC now owns 1,435 shares of the aerospace company’s stock valued at $244,000 after purchasing an additional 230 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in General Dynamics by 10.9% in the 4th quarter. Victory Capital Management Inc. now owns 159,219 shares of the aerospace company’s stock worth $28,078,000 after acquiring an additional 15,597 shares during the period. Vident Investment Advisory LLC boosted its stake in shares of General Dynamics by 4.1% in the fourth quarter. Vident Investment Advisory LLC now owns 1,882 shares of the aerospace company’s stock valued at $332,000 after purchasing an additional 74 shares during the period. Schroder Investment Management Group grew its holdings in General Dynamics by 59.4% during the 4th quarter. Schroder Investment Management Group now owns 3,152 shares of the aerospace company’s stock valued at $556,000 after purchasing an additional 1,174 shares in the last quarter. Finally, Atria Investments LLC increased its stake in General Dynamics by 17.4% during the 4th quarter. Atria Investments LLC now owns 5,545 shares of the aerospace company’s stock worth $978,000 after buying an additional 820 shares during the period. 85.57% of the stock is currently owned by institutional investors.
Shares of NYSE GD traded down $2.16 during mid-day trading on Tuesday, reaching $146.31. The company had a trading volume of 354,690 shares, compared to its average volume of 1,465,524. The firm has a 50 day simple moving average of $149.51 and a two-hundred day simple moving average of $155.88. General Dynamics Co. has a 52-week low of $100.55 and a 52-week high of $193.76. The company has a current ratio of 1.34, a quick ratio of 0.97 and a debt-to-equity ratio of 0.98. The stock has a market cap of $42.59 billion, a P/E ratio of 12.41, a PEG ratio of 2.46 and a beta of 1.05.
General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, April 29th. The aerospace company reported $2.43 EPS for the quarter, missing the Zacks’ consensus estimate of $2.46 by ($0.03). The firm had revenue of $8.75 billion for the quarter, compared to analyst estimates of $9.25 billion. General Dynamics had a return on equity of 25.92% and a net margin of 8.87%. The firm’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.56 EPS. On average, equities analysts expect that General Dynamics Co. will post 11.14 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 3rd will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend is Wednesday, July 1st. General Dynamics’s dividend payout ratio is currently 36.73%.
A number of research firms have recently commented on GD. UBS Group reduced their price objective on shares of General Dynamics from $190.00 to $171.00 and set a “neutral” rating for the company in a research note on Thursday, June 11th. ValuEngine downgraded shares of General Dynamics from a “hold” rating to a “sell” rating in a research note on Wednesday, April 29th. TheStreet upgraded shares of General Dynamics from a “c” rating to a “b-” rating in a report on Tuesday, June 23rd. Morgan Stanley lifted their target price on shares of General Dynamics from $146.00 to $151.00 and gave the company an “underweight” rating in a report on Tuesday, April 14th. Finally, Seaport Global Securities initiated coverage on General Dynamics in a research note on Tuesday, May 19th. They set a “buy” rating and a $188.00 price target on the stock. Two analysts have rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $187.21.
General Dynamics Profile
General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates in five segments: Aerospace, Combat Systems, Information Technology, Mission Systems, and Marine Systems. The Aerospace segment designs, manufactures, and supports business-jet aircraft; and offers business-aviation services, including maintenance, fixed-base operation, government fleet, aircraft management, charter, and staffing services, as well as integrated aviation solutions.
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