General Dynamics Co. (NYSE:GD) Shares Bought by Confluence Investment Management LLC

Confluence Investment Management LLC lifted its stake in shares of General Dynamics Co. (NYSE:GD) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 78,856 shares of the aerospace company’s stock after purchasing an additional 1,024 shares during the period. Confluence Investment Management LLC’s holdings in General Dynamics were worth $16,043,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Janus Henderson Group PLC lifted its holdings in General Dynamics by 44,941.4% in the second quarter. Janus Henderson Group PLC now owns 4,998,693 shares of the aerospace company’s stock worth $990,241,000 after acquiring an additional 4,987,595 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of General Dynamics by 2,097.3% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,711,597 shares of the aerospace company’s stock valued at $353,351,000 after buying an additional 1,633,700 shares during the last quarter. BlackRock Inc. raised its holdings in shares of General Dynamics by 5.3% during the second quarter. BlackRock Inc. now owns 16,338,831 shares of the aerospace company’s stock valued at $3,236,720,000 after buying an additional 829,487 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of General Dynamics by 4.5% during the second quarter. Capital Research Global Investors now owns 16,792,408 shares of the aerospace company’s stock valued at $3,326,576,000 after buying an additional 725,896 shares during the last quarter. Finally, Koch Industries Inc. bought a new stake in shares of General Dynamics during the second quarter valued at approximately $437,000. 86.76% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Co. (NYSE:GD) opened at $210.59 on Tuesday. General Dynamics Co. has a 12 month low of $172.43 and a 12 month high of $214.81. The company has a current ratio of 1.37, a quick ratio of 0.93 and a debt-to-equity ratio of 0.34. The company has a market cap of $62,880.00, a P/E ratio of 20.91, a P/E/G ratio of 2.27 and a beta of 0.72.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $2.52 EPS for the quarter, beating the Zacks’ consensus estimate of $2.43 by $0.09. General Dynamics had a net margin of 9.94% and a return on equity of 27.98%. The business had revenue of $7.58 billion for the quarter, compared to analyst estimates of $7.94 billion. During the same quarter last year, the business earned $2.36 earnings per share. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. research analysts expect that General Dynamics Co. will post 9.8 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, January 19th will be paid a dividend of $0.84 per share. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.60%. General Dynamics’s dividend payout ratio is presently 33.37%.

A number of equities research analysts have recently weighed in on GD shares. Credit Suisse Group reaffirmed an “outperform” rating and set a $238.00 price target (up previously from $216.00) on shares of General Dynamics in a report on Thursday, October 26th. JPMorgan Chase & Co. cut General Dynamics from a “neutral” rating to an “underweight” rating and cut their price target for the company from $225.00 to $215.00 in a report on Tuesday, December 12th. Stifel Nicolaus lifted their price target on General Dynamics from $200.00 to $210.00 and gave the company a “hold” rating in a report on Thursday, October 26th. Zacks Investment Research cut General Dynamics from a “buy” rating to a “hold” rating in a report on Monday, October 16th. Finally, Royal Bank of Canada set a $239.00 price target on General Dynamics and gave the company a “buy” rating in a report on Wednesday, November 15th. Three analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $218.92.

In other General Dynamics news, insider John Patrick Casey sold 34,945 shares of General Dynamics stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $201.38, for a total value of $7,037,224.10. Following the transaction, the insider now owns 144,378 shares in the company, valued at $29,074,841.64. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Gregory S. Gallopoulos sold 78,370 shares of General Dynamics stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $202.93, for a total transaction of $15,903,624.10. The disclosure for this sale can be found here. 6.70% of the stock is owned by company insiders.

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About General Dynamics

General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.

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

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