Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in shares of General Dynamics Co. (NYSE:GD) by 7.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,463 shares of the aerospace company’s stock after selling 3,612 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in General Dynamics were worth $9,046,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Quadrant Capital Group LLC boosted its position in General Dynamics by 6.1% during the second quarter. Quadrant Capital Group LLC now owns 645 shares of the aerospace company’s stock valued at $110,000 after buying an additional 37 shares during the period. Resources Investment Advisors Inc. boosted its position in General Dynamics by 92.3% during the fourth quarter. Resources Investment Advisors Inc. now owns 625 shares of the aerospace company’s stock valued at $127,000 after buying an additional 300 shares during the period. WFG Advisors LP boosted its position in General Dynamics by 0.3% during the second quarter. WFG Advisors LP now owns 668 shares of the aerospace company’s stock valued at $132,000 after buying an additional 2 shares during the period. Fieldpoint Private Securities LLC purchased a new stake in General Dynamics during the third quarter valued at about $148,000. Finally, Sit Investment Associates Inc. boosted its position in General Dynamics by 170.0% during the fourth quarter. Sit Investment Associates Inc. now owns 953 shares of the aerospace company’s stock valued at $194,000 after buying an additional 600 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.
GD has been the subject of a number of analyst reports. Credit Suisse Group reiterated an “outperform” rating and set a $238.00 target price (up from $216.00) on shares of General Dynamics in a report on Thursday, October 26th. JPMorgan Chase & Co. lowered shares of General Dynamics from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $225.00 to $215.00 in a report on Tuesday, December 12th. Stifel Nicolaus increased their target price on shares of General Dynamics from $200.00 to $210.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. Zacks Investment Research lowered shares of General Dynamics from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Finally, Royal Bank of Canada set a $239.00 target price on shares of General Dynamics and gave the stock a “buy” rating in a report on Wednesday, November 15th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $231.94.
General Dynamics Co. (NYSE GD) opened at $221.72 on Monday. General Dynamics Co. has a one year low of $180.02 and a one year high of $229.54. The stock has a market cap of $65,827.70, a PE ratio of 22.28, a P/E/G ratio of 2.35 and a beta of 0.85. The company has a quick ratio of 0.99, a current ratio of 1.40 and a debt-to-equity ratio of 0.35.
General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $2.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.37 by $0.13. General Dynamics had a net margin of 9.40% and a return on equity of 27.22%. The company had revenue of $8.28 billion during the quarter, compared to the consensus estimate of $8.40 billion. During the same period in the prior year, the firm earned $1.89 earnings per share. General Dynamics’s revenue was up 8.1% on a year-over-year basis. analysts anticipate that General Dynamics Co. will post 11.1 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, January 19th will be paid a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Thursday, January 18th. General Dynamics’s payout ratio is currently 35.18%.
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General Dynamics Company Profile
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.
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