Los Angeles Capital Management LLC acquired a 7.7% stake in General Dynamics Co. (NYSE: GD – Get Rating) shares in the third quarter, according to the company’s most recent Form 13F filed with the U.S. Securities and Exchange Commission (SEC). I pulled it up. ). The company owned his 25,859 shares of aerospace company stock after purchasing an additional 1,838 of his shares during the period. General Dynamics’ holdings of Los Angeles Capital Management LLC were valued at $5,487,000 as of the most recent filing with the Securities and Exchange Commission (SEC).
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Other hedge funds and other institutional investors have also recently changed their holdings in the company. Goldman Sachs Group Inc. increased his stake in General Dynamics by 31.5% in the second quarter. Goldman Sachs Group Inc. now owns 1,411,406 shares of the aerospace company, valued at $312,273,000, after purchasing an additional 337,999 shares during this period. Royal London Asset Management Ltd. raised his 8.1% stake in General Dynamics in the second quarter. Royal London Asset Management Ltd. now owns 103,739 shares of the aerospace company valued at $22,959,000 after purchasing a further 7,795 shares during this period. Wealth Enhancement Advisory Services LLC purchased new shares of General Dynamics in the second quarter for approximately $1,999,000. Cambridge Investment Research Advisors Inc. increased its General Dynamics shares by 10.6% in the third quarter. Cambridge Investment Research Advisors Inc. owns 60,306 shares of the aerospace company for $12,795,000 after purchasing an additional 5,784 shares during this period. Finally, Tsfg LLC increased its General Dynamics stake by 19.6% in the third quarter. Tsfg LLC owns 317 shares worth $67,000 in aerospace companies after purchasing an additional 52 shares during this period. 84.83% of the shares are currently owned by hedge funds and other institutional investors.
General Dynamics stock drops 1.8%
NYSE GD shares opened Friday at $231.55. The company has a current ratio of 1.34, a quick ratio of 0.94 and a debt to equity ratio of 0.52. The stock has a market cap of $63.57 billion, a PE ratio of 19.28, a P/E ratio of 2.01, and a beta of 0.88. The stock has a 50-day simple moving average of $247.27 and a 200-day simple moving average of $235.90. General Dynamics Co. has a 12-month low of $200.65 and a 12-month high of $256.86.
General Dynamics (NYSE:GD – Get Rating) last reported its results on Wednesday, Oct. 26. The aerospace company reported earnings per share (EPS) of $3.26 for the quarter, beating consensus expectations of $3.16 by $0.10. The business generated $9.98 billion in revenue for the quarter, compared to analyst expectations of $9.93 billion. General Dynamics’ return on equity was 18.96% and net profit margin was 8.62%. Business revenue for the quarter increased 4.3% year-on-year. During the same quarter last year, the company earned his EPS of $3.07. As a group, analysts expect General Dynamics to post his 12.16 EPS in the current fiscal year.
General Dynamics Announces Dividend
The company recently announced a quarterly dividend payable on Friday, February 10th. Shareholders of record on Friday, January 20 will receive a dividend of $1.26. The ex-dividend date for this dividend is January 19 (Thursday). This represents his $5.04 dividend and his 2.18% dividend yield on an annual basis. General Dynamics payout percentage is 41.97%.
Wall Street analyst opinion
Recently, several brokerage firms are considering GD. Cowen raised General Dynamics’ price target from his $260.00 to his $285.00 in a report on Tuesday, Jan. 3. Citigroup undertook coverage for General Dynamics in its report on Thursday, Dec. 8. They set a ‘buy’ rating and a price target of $298.00. Cowen raised General Dynamics’ price target to his $260.00 in a report on Thursday, Oct. 27. Wolfe Research took on coverage of General Dynamics in its report on Monday, October 10th. They set an “outperform” rating and a price target of $265.00. Finally, Wells Fargo & Company lowered its General Dynamics price target from $256.00 to $249.00 and gave the stock an “overweight” rating in its Wednesday, September 28 report. Two Research-his analysts rated the stock with a hold rating, and six assigned the company a buy-his rating. Based on MarketBeat data, the stock currently has an average rating of ‘moderate buy’ with a consensus target price of $273.64.
About the dynamics in general
General Dynamics Corporation is an aerospace and defense company with operations around the world. He operates in four segments: Aerospace, Marine Systems, Combat Systems, and Technology. The Aerospace segment designs, manufactures and sells business jets. We provide aircraft maintenance and repair, management, charter, aircraft ground support and completion, staffing, and fixed base operator services.
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