Moreno Evelyn V Purchases 1,365 Shares of General Dynamics Co. (NYSE:GD)

Share on StockTwits

Moreno Evelyn V boosted its position in shares of General Dynamics Co. (NYSE:GD) by 4.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,504 shares of the aerospace company’s stock after acquiring an additional 1,365 shares during the period. Moreno Evelyn V’s holdings in General Dynamics were worth $5,728,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of GD. Longview Asset Management LLC boosted its holdings in shares of General Dynamics by 0.7% in the 1st quarter. Longview Asset Management LLC now owns 32,898,410 shares of the aerospace company’s stock worth $5,569,043,000 after acquiring an additional 215,179 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of General Dynamics by 5.8% in the 4th quarter. Geode Capital Management LLC now owns 3,511,536 shares of the aerospace company’s stock worth $551,080,000 after acquiring an additional 193,294 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of General Dynamics by 8.1% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,365,297 shares of the aerospace company’s stock worth $569,677,000 after acquiring an additional 252,900 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of General Dynamics by 2.6% in the 2nd quarter. Janus Henderson Group PLC now owns 2,335,959 shares of the aerospace company’s stock worth $424,721,000 after acquiring an additional 58,222 shares in the last quarter. Finally, Ellis Investment Partners LLC boosted its holdings in shares of General Dynamics by 16,833.7% in the 1st quarter. Ellis Investment Partners LLC now owns 960,820 shares of the aerospace company’s stock worth $960,000 after acquiring an additional 955,146 shares in the last quarter. Hedge funds and other institutional investors own 86.84% of the company’s stock.

NYSE:GD traded up $1.31 during trading hours on Thursday, hitting $182.14. 31,166 shares of the stock were exchanged, compared to its average volume of 1,100,424. The company’s 50 day moving average is $183.62. General Dynamics Co. has a twelve month low of $143.87 and a twelve month high of $207.72. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.09 and a quick ratio of 0.73. The firm has a market capitalization of $52.37 billion, a P/E ratio of 15.99, a P/E/G ratio of 1.76 and a beta of 1.21.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, July 24th. The aerospace company reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.09. General Dynamics had a return on equity of 26.81% and a net margin of 8.65%. The firm had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $9.36 billion. During the same quarter in the prior year, the business earned $2.82 EPS. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, research analysts anticipate that General Dynamics Co. will post 11.86 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 11th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Thursday, October 10th. General Dynamics’s dividend payout ratio is 35.73%.

Several research analysts have recently commented on GD shares. Morgan Stanley boosted their target price on General Dynamics from $171.00 to $173.00 and gave the stock an “underweight” rating in a report on Wednesday. Goldman Sachs Group raised General Dynamics from a “neutral” rating to a “buy” rating and set a $204.00 target price on the stock in a report on Sunday, May 19th. Zacks Investment Research raised General Dynamics from a “hold” rating to a “buy” rating and set a $171.00 target price on the stock in a report on Monday, June 3rd. ValuEngine raised General Dynamics from a “sell” rating to a “hold” rating in a report on Thursday, June 6th. Finally, Robert W. Baird boosted their target price on General Dynamics from $188.00 to $218.00 and gave the stock an “outperform” rating in a report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company’s stock. General Dynamics has a consensus rating of “Hold” and an average target price of $191.47.

In related news, VP Mark Lagrand Burns purchased 159 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were bought at an average price of $179.56 per share, with a total value of $28,550.04. Following the purchase, the vice president now directly owns 39,643 shares in the company, valued at approximately $7,118,297.08. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Gary L. Whited sold 14,029 shares of the stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $188.38, for a total value of $2,642,783.02. Following the completion of the transaction, the vice president now directly owns 37,542 shares in the company, valued at approximately $7,072,161.96. The disclosure for this sale can be found here. Corporate insiders own 7.10% of the company’s stock.

General Dynamics Company 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.

Featured Story: Stock Symbol

Want to see what other hedge funds are holding GD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Dynamics Co. (NYSE:GD).

Institutional Ownership by Quarter for General Dynamics (NYSE:GD)

Receive News & Ratings for General Dynamics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Dynamics and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.