Arlington Partners LLC lessened its position in shares of General Dynamics Co. (NYSE:GD – Free Report) by 3.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,093 shares of the aerospace company’s stock after selling 338 shares during the quarter. Arlington Partners LLC’s holdings in General Dynamics were worth $3,219,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of GD. Norges Bank purchased a new stake in General Dynamics during the 4th quarter worth approximately $728,284,000. Verity & Verity LLC purchased a new stake in General Dynamics during the 1st quarter worth approximately $179,000. 1832 Asset Management L.P. grew its position in General Dynamics by 3,645.4% during the 4th quarter. 1832 Asset Management L.P. now owns 558,586 shares of the aerospace company’s stock worth $145,048,000 after purchasing an additional 543,672 shares during the last quarter. Public Employees Retirement Association of Colorado grew its position in General Dynamics by 879.9% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 340,359 shares of the aerospace company’s stock worth $96,148,000 after purchasing an additional 305,624 shares during the last quarter. Finally, Junto Capital Management LP purchased a new stake in General Dynamics during the 4th quarter worth approximately $43,733,000. Institutional investors own 86.14% of the company’s stock.
General Dynamics Stock Performance
NYSE GD traded up $1.53 during mid-day trading on Friday, reaching $299.36. 1,033,038 shares of the stock were exchanged, compared to its average volume of 947,283. The business’s 50 day moving average is $290.64 and its 200-day moving average is $288.05. General Dynamics Co. has a 1 year low of $214.53 and a 1 year high of $302.75. The company has a market capitalization of $82.26 billion, a P/E ratio of 24.42, a P/E/G ratio of 1.64 and a beta of 0.60. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.80 and a current ratio of 1.33.
General Dynamics Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 11th will be given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Friday, October 11th. General Dynamics’s dividend payout ratio is presently 46.33%.
Analyst Ratings Changes
Several analysts have weighed in on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $320.00 target price on shares of General Dynamics in a research report on Thursday, July 25th. BTIG Research began coverage on shares of General Dynamics in a report on Wednesday, June 26th. They issued a “buy” rating and a $345.00 price objective on the stock. Robert W. Baird reaffirmed an “outperform” rating and issued a $345.00 price objective on shares of General Dynamics in a report on Tuesday, July 2nd. Sanford C. Bernstein upped their price objective on shares of General Dynamics from $290.00 to $302.00 and gave the company a “market perform” rating in a report on Thursday, May 23rd. Finally, Wells Fargo & Company upped their price objective on shares of General Dynamics from $330.00 to $334.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $315.06.
Read Our Latest Stock Analysis on General Dynamics
General Dynamics Company 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.
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