Inceptionr LLC lifted its stake in shares of General Dynamics Corporation (NYSE:GD – Free Report) by 89.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 4,223 shares of the aerospace company’s stock after buying an additional 1,997 shares during the quarter. Inceptionr LLC’s holdings in General Dynamics were worth $1,422,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in GD. Dunhill Financial LLC grew its position in shares of General Dynamics by 620.0% during the third quarter. Dunhill Financial LLC now owns 72 shares of the aerospace company’s stock worth $25,000 after buying an additional 62 shares in the last quarter. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of General Dynamics during the third quarter worth approximately $25,000. Dagco Inc. acquired a new stake in shares of General Dynamics during the fourth quarter worth approximately $25,000. Burkett Financial Services LLC grew its position in shares of General Dynamics by 650.0% during the third quarter. Burkett Financial Services LLC now owns 75 shares of the aerospace company’s stock worth $26,000 after buying an additional 65 shares in the last quarter. Finally, Steph & Co. grew its position in shares of General Dynamics by 65.2% during the fourth quarter. Steph & Co. now owns 76 shares of the aerospace company’s stock worth $26,000 after buying an additional 30 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.
General Dynamics Stock Performance
General Dynamics stock opened at $341.46 on Thursday. The company has a market cap of $92.34 billion, a PE ratio of 21.49, a P/E/G ratio of 2.14 and a beta of 0.34. The company has a fifty day moving average price of $339.82 and a two-hundred day moving average price of $346.36. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.38 and a quick ratio of 0.90. General Dynamics Corporation has a 12 month low of $268.10 and a 12 month high of $369.70.
General Dynamics Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 2nd will be issued a $1.59 dividend. This represents a $6.36 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, July 2nd. General Dynamics’s payout ratio is currently 40.03%.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on GD shares. JPMorgan Chase & Co. raised their price target on shares of General Dynamics from $385.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. The Goldman Sachs Group decreased their price target on shares of General Dynamics from $327.00 to $313.00 and set a “sell” rating for the company in a research report on Monday, May 4th. Weiss Ratings downgraded shares of General Dynamics from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of General Dynamics from $387.00 to $377.00 and set a “hold” rating for the company in a research report on Wednesday, May 6th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $385.00 price objective on shares of General Dynamics in a report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $387.40.
Check Out Our Latest Stock Analysis on General Dynamics
Insider Transactions at General Dynamics
In other General Dynamics news, EVP Mark Lagrand Burns sold 36,480 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $345.29, for a total value of $12,596,179.20. Following the sale, the executive vice president directly owned 38,975 shares in the company, valued at approximately $13,457,677.75. This trade represents a 48.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.40% of the company’s stock.
General Dynamics Profile
General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.
Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.
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