Sage Capital Advisors llc boosted its holdings in shares of General Dynamics Co. (NYSE:GD) by 1.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 14,687 shares of the aerospace company’s stock after purchasing an additional 193 shares during the period. General Dynamics accounts for approximately 1.6% of Sage Capital Advisors llc’s portfolio, making the stock its 20th biggest position. Sage Capital Advisors llc’s holdings in General Dynamics were worth $2,590,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. United Bank raised its position in shares of General Dynamics by 1.9% in the second quarter. United Bank now owns 4,830 shares of the aerospace company’s stock valued at $878,000 after purchasing an additional 90 shares during the period. United Capital Financial Advisers LLC boosted its stake in General Dynamics by 3.5% during the second quarter. United Capital Financial Advisers LLC now owns 12,070 shares of the aerospace company’s stock worth $2,195,000 after buying an additional 403 shares in the last quarter. A.R.T. Advisors LLC acquired a new stake in General Dynamics during the second quarter worth $1,660,000. Private Advisor Group LLC boosted its stake in General Dynamics by 6.4% during the second quarter. Private Advisor Group LLC now owns 20,249 shares of the aerospace company’s stock worth $3,682,000 after buying an additional 1,221 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its stake in General Dynamics by 25.5% during the second quarter. Sterling Capital Management LLC now owns 4,601 shares of the aerospace company’s stock worth $837,000 after buying an additional 935 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.
In other General Dynamics news, EVP Mark C. Roualet sold 50,195 shares of General Dynamics stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $181.78, for a total value of $9,124,447.10. Following the completion of the transaction, the executive vice president now owns 169,443 shares in the company, valued at approximately $30,801,348.54. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 7.10% of the company’s stock.
Shares of GD traded up $1.11 during trading hours on Thursday, hitting $182.72. The stock had a trading volume of 383,257 shares, compared to its average volume of 1,041,247. The stock has a market capitalization of $52.36 billion, a price-to-earnings ratio of 16.00, a P/E/G ratio of 1.63 and a beta of 1.14. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.11 and a quick ratio of 0.74. The company’s fifty day moving average is $179.86 and its two-hundred day moving average is $182.53. General Dynamics Co. has a 52 week low of $160.21 and a 52 week high of $193.76.
General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported $3.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.06 by $0.08. The firm had revenue of $9.76 billion during the quarter, compared to the consensus estimate of $9.75 billion. General Dynamics had a net margin of 8.66% and a return on equity of 26.79%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the firm posted $2.89 EPS. Equities analysts predict that General Dynamics Co. will post 11.91 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 17th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend is Thursday, January 16th. General Dynamics’s payout ratio is 35.73%.
GD has been the topic of a number of recent research reports. Cowen reiterated a “buy” rating and set a $215.00 price target on shares of General Dynamics in a research note on Tuesday, December 17th. Morgan Stanley lifted their price target on shares of General Dynamics from $172.00 to $175.00 and gave the stock an “underweight” rating in a research note on Thursday, December 12th. ValuEngine downgraded shares of General Dynamics from a “hold” rating to a “sell” rating in a research note on Friday, December 20th. Finally, Barclays reiterated a “buy” rating and set a $210.00 price target on shares of General Dynamics in a research note on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $198.16.
General Dynamics Profile
General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates in five segments: Aerospace, Combat Systems, Information Technology, Mission Systems, and Marine Systems. The Aerospace segment designs, manufactures, and supports business-jet aircraft; and offers business-aviation services, including maintenance, fixed-base operation, government fleet, aircraft management, charter, and staffing services, as well as integrated aviation solutions.
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