FORA Capital LLC Takes $366,000 Position in General Dynamics Co. (NYSE:GD)

FORA Capital LLC bought a new position in General Dynamics Co. (NYSE:GD) during the 4th quarter, HoldingsChannel.com reports. The fund bought 1,388 shares of the aerospace company’s stock, valued at approximately $366,000.

Other hedge funds also recently modified their holdings of the company. Financial Life Planners bought a new stake in shares of General Dynamics in the 4th quarter valued at approximately $25,000. Whipplewood Advisors LLC bought a new stake in shares of General Dynamics in the fourth quarter valued at approximately $26,000. Kohmann Bosshard Financial Services LLC acquired a new stake in General Dynamics in the 4th quarter worth $26,000. Sugar Maple Asset Management LLC bought a new position in General Dynamics during the fourth quarter valued at about $28,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of General Dynamics in the fourth quarter valued at $28,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GD. The Goldman Sachs Group cut their price target on shares of General Dynamics from $245.00 to $241.00 and set a “sell” rating for the company in a research note on Tuesday, January 28th. BTIG Research cut shares of General Dynamics from a “buy” rating to a “neutral” rating in a research report on Thursday, February 13th. TD Securities boosted their target price on General Dynamics from $275.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, April 24th. Citigroup cut their price objective on shares of General Dynamics from $335.00 to $330.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Finally, Susquehanna raised their target price on General Dynamics from $300.00 to $315.00 and gave the stock a “positive” rating in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $293.00.

Insider Activity at General Dynamics

In other General Dynamics news, SVP Marguerite Amy Gilliland sold 27,562 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $272.11, for a total value of $7,499,895.82. Following the completion of the transaction, the senior vice president now directly owns 45,192 shares in the company, valued at approximately $12,297,195.12. This trade represents a 37.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is currently owned by insiders.

General Dynamics Stock Down 0.1 %

NYSE GD opened at $271.61 on Friday. The company has a 50 day moving average of $268.82 and a 200-day moving average of $269.72. General Dynamics Co. has a 1-year low of $239.20 and a 1-year high of $316.90. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. The company has a market cap of $72.90 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 1.69 and a beta of 0.49.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, April 23rd. The aerospace company reported $3.66 EPS for the quarter, beating the consensus estimate of $3.43 by $0.23. The business had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.92 billion. General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. The company’s revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.88 earnings per share. On average, equities research analysts expect that General Dynamics Co. will post 14.83 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 11th were paid a $1.50 dividend. This is an increase from General Dynamics’s previous quarterly dividend of $1.42. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend was Friday, April 11th. General Dynamics’s dividend payout ratio (DPR) is presently 41.61%.

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.