Insight Inv LLC Raises Stock Position in General Dynamics Co. (NYSE:GD)

Insight Inv LLC grew its holdings in 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 institutional investor owned 8,060 shares of the aerospace company’s stock after acquiring an additional 350 shares during the period. General Dynamics comprises about 2.0% of Insight Inv LLC’s investment portfolio, making the stock its 15th biggest position. Insight Inv LLC’s holdings in General Dynamics were worth $2,339,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Gilbert & Cook Inc. grew its stake in General Dynamics by 5.1% during the fourth quarter. Gilbert & Cook Inc. now owns 2,509 shares of the aerospace company’s stock valued at $652,000 after acquiring an additional 122 shares in the last quarter. AGF Management Ltd. increased its holdings in shares of General Dynamics by 9.1% in the fourth quarter. AGF Management Ltd. now owns 14,939 shares of the aerospace company’s stock worth $3,879,000 after purchasing an additional 1,245 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of General Dynamics by 1.2% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 20,494 shares of the aerospace company’s stock worth $5,322,000 after buying an additional 250 shares in the last quarter. Principal Financial Group Inc. boosted its stake in General Dynamics by 0.7% during the fourth quarter. Principal Financial Group Inc. now owns 251,327 shares of the aerospace company’s stock valued at $65,262,000 after buying an additional 1,637 shares during the last quarter. Finally, Checchi Capital Advisers LLC grew its holdings in General Dynamics by 6.1% during the 4th quarter. Checchi Capital Advisers LLC now owns 4,233 shares of the aerospace company’s stock valued at $1,099,000 after buying an additional 242 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

General Dynamics Trading Up 3.0 %

NYSE GD opened at $301.56 on Tuesday. General Dynamics Co. has a 12 month low of $214.53 and a 12 month high of $303.10. The company’s 50-day moving average price is $291.07 and its 200-day moving average price is $289.30. The stock has a market cap of $82.86 billion, a PE ratio of 24.60, a PEG ratio of 1.60 and a beta of 0.61. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.33.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, July 24th. The aerospace company reported $3.26 EPS for the quarter, missing analysts’ consensus estimates of $3.30 by ($0.04). The company had revenue of $11.98 billion for the quarter, compared to analysts’ expectations of $11.46 billion. General Dynamics had a return on equity of 16.74% and a net margin of 7.89%. The business’s revenue was up 18.0% compared to the same quarter last year. During the same period last year, the business posted $2.70 earnings per share. Equities research analysts forecast that General Dynamics Co. will post 14.52 earnings per share for the current year.

General Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 11th will be issued a $1.42 dividend. The ex-dividend date is Friday, October 11th. This represents a $5.68 annualized dividend and a dividend yield of 1.88%. General Dynamics’s payout ratio is currently 46.33%.

Analyst Ratings Changes

Several brokerages have recently issued reports on GD. Wells Fargo & Company upped their price objective on General Dynamics from $330.00 to $334.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. BTIG Research began coverage on shares of General Dynamics in a research note on Wednesday, June 26th. They set a “buy” rating and a $345.00 price target on the stock. Sanford C. Bernstein lifted their price objective on shares of General Dynamics from $290.00 to $302.00 and gave the stock a “market perform” rating in a research note on Thursday, May 23rd. Barclays boosted their target price on shares of General Dynamics from $310.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of General Dynamics in a report on Monday, July 29th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $315.06.

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.