General Dynamics Co. (NYSE:GD) Stock Position Increased by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. lifted its position in General Dynamics Co. (NYSE:GD) by 3.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,064 shares of the aerospace company’s stock after buying an additional 89 shares during the period. Bahl & Gaynor Inc.’s holdings in General Dynamics were worth $796,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. raised its stake in shares of General Dynamics by 99.3% in the 4th quarter. Pacer Advisors Inc. now owns 29,045 shares of the aerospace company’s stock worth $7,542,000 after buying an additional 14,468 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of General Dynamics in the 3rd quarter worth $16,077,000. Moreno Evelyn V raised its stake in shares of General Dynamics by 17.1% in the 3rd quarter. Moreno Evelyn V now owns 27,310 shares of the aerospace company’s stock worth $6,035,000 after buying an additional 3,991 shares in the last quarter. Clough Capital Partners L P bought a new stake in shares of General Dynamics in the 3rd quarter worth $26,868,000. Finally, Victory Capital Management Inc. raised its position in shares of General Dynamics by 57.7% during the third quarter. Victory Capital Management Inc. now owns 326,121 shares of the aerospace company’s stock worth $72,063,000 after purchasing an additional 119,264 shares during the period. Institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, CEO Phebe N. Novakovic sold 32,355 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $264.31, for a total value of $8,551,750.05. Following the transaction, the chief executive officer now owns 773,977 shares in the company, valued at $204,569,860.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.52% of the company’s stock.

General Dynamics Stock Performance

Shares of GD stock opened at $284.41 on Friday. General Dynamics Co. has a 1-year low of $202.35 and a 1-year high of $296.50. The company has a current ratio of 1.44, a quick ratio of 0.92 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $78.03 billion, a price-to-earnings ratio of 23.20, a P/E/G ratio of 1.81 and a beta of 0.68. The stock’s fifty day simple moving average is $280.86 and its 200-day simple moving average is $261.88.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, April 24th. The aerospace company reported $2.88 EPS for the quarter, missing analysts’ consensus estimates of $2.89 by ($0.01). General Dynamics had a net margin of 7.85% and a return on equity of 16.48%. The firm had revenue of $10.73 billion during the quarter, compared to analysts’ expectations of $10.26 billion. During the same quarter last year, the firm earned $2.64 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, sell-side analysts predict that General Dynamics Co. will post 14.57 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 12th will be paid a $1.42 dividend. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $5.68 dividend on an annualized basis and a yield of 2.00%. This is an increase from General Dynamics’s previous quarterly dividend of $1.32. General Dynamics’s payout ratio is 46.33%.

Wall Street Analyst Weigh In

GD has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their target price on General Dynamics from $291.00 to $322.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. The Goldman Sachs Group boosted their target price on General Dynamics from $253.00 to $284.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. UBS Group boosted their target price on General Dynamics from $286.00 to $296.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. Alembic Global Advisors lowered General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 target price on the stock. in a research report on Monday, January 29th. Finally, JPMorgan Chase & Co. boosted their target price on General Dynamics from $280.00 to $298.00 and gave the stock an “overweight” rating in a research report on Thursday. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, General Dynamics has an average rating of “Moderate Buy” and a consensus price target of $293.43.

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.