Investors Buy General Dynamics (GD) on Weakness

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Investors purchased shares of General Dynamics Co. (NYSE:GD) on weakness during trading on Thursday. $126.59 million flowed into the stock on the tick-up and $90.53 million flowed out of the stock on the tick-down, for a money net flow of $36.06 million into the stock. Of all equities tracked, General Dynamics had the 13th highest net in-flow for the day. General Dynamics traded down ($4.00) for the day and closed at $195.82

A number of equities research analysts have recently issued reports on the stock. Cowen reaffirmed a “buy” rating and set a $253.00 target price on shares of General Dynamics in a report on Monday, April 9th. Royal Bank of Canada reaffirmed a “buy” rating and set a $263.00 target price on shares of General Dynamics in a report on Friday, April 6th. Credit Suisse Group upped their target price on shares of General Dynamics from $262.00 to $263.00 and gave the stock an “outperform” rating in a report on Thursday, April 26th. Morgan Stanley upped their target price on shares of General Dynamics from $209.00 to $225.00 and gave the stock an “underweight” rating in a report on Friday, February 23rd. Finally, Barclays assumed coverage on shares of General Dynamics in a report on Thursday, March 29th. They set an “overweight” rating and a $282.00 target price for the company. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. General Dynamics presently has an average rating of “Hold” and a consensus price target of $241.12.

The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 1.34. The firm has a market cap of $59.91 billion, a PE ratio of 19.68, a PEG ratio of 1.95 and a beta of 0.83.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, April 25th. The aerospace company reported $2.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.49 by $0.16. General Dynamics had a net margin of 9.49% and a return on equity of 26.83%. The firm had revenue of $7.50 billion during the quarter, compared to analyst estimates of $7.56 billion. During the same quarter in the prior year, the firm posted $2.48 earnings per share. General Dynamics’s quarterly revenue was up .8% on a year-over-year basis. analysts anticipate that General Dynamics Co. will post 11.12 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 10th. Investors of record on Friday, July 6th will be issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Thursday, July 5th. General Dynamics’s dividend payout ratio is currently 37.39%.

Several institutional investors and hedge funds have recently made changes to their positions in GD. Dubuque Bank & Trust Co. boosted its stake in General Dynamics by 230.7% during the first quarter. Dubuque Bank & Trust Co. now owns 496 shares of the aerospace company’s stock worth $109,000 after buying an additional 346 shares during the period. Highlander Capital Management LLC boosted its stake in General Dynamics by 101.4% during the fourth quarter. Highlander Capital Management LLC now owns 596 shares of the aerospace company’s stock worth $121,000 after buying an additional 300 shares during the period. Optimum Investment Advisors purchased a new position in General Dynamics during the first quarter worth about $134,000. We Are One Seven LLC purchased a new position in General Dynamics during the fourth quarter worth about $128,000. Finally, NuWave Investment Management LLC purchased a new position in General Dynamics during the fourth quarter worth about $130,000. 86.09% of the stock is owned by hedge funds and other institutional investors.

About General Dynamics

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four business groups: Aerospace; Combat Systems; Information Systems and Technology; and Marine Systems. The Aerospace group designs, develops, manufactures, service and supports business-jet aircraft; and provides aircraft services, such as maintenance, aircraft management, charter, fixed-base operational, and staffing services.

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