Gateway Investment Advisers LLC Purchases 113 Shares of General Dynamics Co. (NYSE:GD)

Gateway Investment Advisers LLC boosted its position in General Dynamics Co. (NYSE:GD) by 4.3% in the first quarter, Holdings Channel.com reports. The firm owned 2,753 shares of the aerospace company’s stock after buying an additional 113 shares during the quarter. Gateway Investment Advisers LLC’s holdings in General Dynamics were worth $750,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in GD. Capital & Planning LLC raised its holdings in General Dynamics by 9.8% in the fourth quarter. Capital & Planning LLC now owns 1,538 shares of the aerospace company’s stock worth $405,000 after purchasing an additional 137 shares in the last quarter. Brighton Jones LLC grew its stake in shares of General Dynamics by 16.9% in the fourth quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock worth $760,000 after acquiring an additional 417 shares during the last quarter. Stratos Wealth Advisors LLC grew its stake in shares of General Dynamics by 6.5% in the fourth quarter. Stratos Wealth Advisors LLC now owns 1,237 shares of the aerospace company’s stock worth $326,000 after acquiring an additional 76 shares during the last quarter. Financial Advocates Investment Management grew its stake in shares of General Dynamics by 16.1% in the fourth quarter. Financial Advocates Investment Management now owns 824 shares of the aerospace company’s stock worth $217,000 after acquiring an additional 114 shares during the last quarter. Finally, Silver Oak Securities Incorporated grew its stake in shares of General Dynamics by 123.4% in the fourth quarter. Silver Oak Securities Incorporated now owns 1,517 shares of the aerospace company’s stock worth $400,000 after acquiring an additional 838 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

General Dynamics Price Performance

Shares of NYSE:GD opened at $276.43 on Monday. The firm’s 50 day moving average price is $272.69 and its 200-day moving average price is $266.53. General Dynamics Co. has a twelve month low of $239.20 and a twelve month high of $316.90. The company has a quick ratio of 0.82, a current ratio of 1.37 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $74.19 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 1.69 and a beta of 0.46.

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

General Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Thursday, July 3rd. General Dynamics’s dividend payout ratio (DPR) is presently 41.61%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GD. Argus set a $295.00 target price on General Dynamics in a research note on Tuesday, May 6th. Morgan Stanley cut their target price on General Dynamics from $305.00 to $300.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 24th. Citigroup cut their target price on General Dynamics from $335.00 to $330.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Susquehanna increased their target price on General Dynamics from $300.00 to $315.00 and gave the stock a “positive” rating in a research note on Wednesday, April 2nd. Finally, Cowen reaffirmed a “buy” rating on shares of General Dynamics in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, General Dynamics presently has an average rating of “Hold” and a consensus target price of $293.00.

General Dynamics Company 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.