Vectors Research Management LLC Acquires 90 Shares of General Dynamics Co. (NYSE:GD)


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Vectors Research Management LLC boosted its holdings in General Dynamics Co. (NYSE:GD) by 3.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,090 shares of the aerospace company’s stock after acquiring an additional 90 shares during the quarter. Vectors Research Management LLC’s holdings in General Dynamics were worth $460,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in GD. BlackRock Inc. grew its position in General Dynamics by 0.9% in the fourth quarter. BlackRock Inc. now owns 13,979,841 shares of the aerospace company’s stock worth $2,080,481,000 after acquiring an additional 129,279 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of General Dynamics by 11.2% during the third quarter. Wells Fargo & Company MN now owns 7,106,572 shares of the aerospace company’s stock worth $983,763,000 after acquiring an additional 717,910 shares in the last quarter. Morgan Stanley lifted its holdings in shares of General Dynamics by 12.6% in the 3rd quarter. Morgan Stanley now owns 2,057,038 shares of the aerospace company’s stock worth $284,756,000 after acquiring an additional 230,752 shares during the last quarter. Boston Partners boosted its stake in shares of General Dynamics by 777.4% in the 4th quarter. Boston Partners now owns 1,611,618 shares of the aerospace company’s stock valued at $239,840,000 after purchasing an additional 1,427,944 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of General Dynamics by 11.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,529,742 shares of the aerospace company’s stock valued at $211,763,000 after purchasing an additional 162,847 shares during the last quarter. 84.48% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE GD opened at $166.42 on Tuesday. General Dynamics Co. has a 1 year low of $100.55 and a 1 year high of $185.65. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.29 and a quick ratio of 0.90. The firm has a 50-day moving average of $155.26 and a 200 day moving average of $149.10. The stock has a market cap of $47.64 billion, a P/E ratio of 15.10, a price-to-earnings-growth ratio of 2.40 and a beta of 1.03.

General Dynamics (NYSE:GD) last announced its earnings results on Tuesday, January 26th. The aerospace company reported $3.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.54 by ($0.05). The business had revenue of $10.48 billion for the quarter, compared to the consensus estimate of $10.76 billion. General Dynamics had a net margin of 8.33% and a return on equity of 23.00%. General Dynamics’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $3.51 EPS. Research analysts expect that General Dynamics Co. will post 11.06 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, February 5th. Stockholders of record on Friday, January 15th were paid a $1.10 dividend. The ex-dividend date of this dividend was Thursday, January 14th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.64%. General Dynamics’s dividend payout ratio is currently 36.73%.

GD has been the subject of several analyst reports. Credit Suisse Group cut their price target on shares of General Dynamics from $156.00 to $140.00 and set a “neutral” rating for the company in a research report on Thursday, October 29th. They noted that the move was a valuation call. Morgan Stanley lowered their price objective on shares of General Dynamics from $161.00 to $149.00 and set an “underweight” rating for the company in a research note on Monday, February 8th. Susquehanna raised their target price on General Dynamics from $162.00 to $180.00 and gave the stock a “positive” rating in a research note on Friday, January 29th. TheStreet raised General Dynamics from a “c+” rating to a “b-” rating in a research report on Thursday, December 17th. Finally, Susquehanna Bancshares boosted their target price on General Dynamics from $162.00 to $180.00 and gave the company a “positive” rating in a research note on Friday, January 29th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $162.07.

General Dynamics Company Profile

General Dynamics Corp. is an aerospace and defense company, which engages in the provision of tanks, rockets, missiles, submarines, warships, fighters and electronics to all of the military services. It operates through the following segments: Aerospace, Combat Systems, Information Technology, Mission Systems and Marine Systems.

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

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