General Dynamics Co. (GD) Position Boosted by Advisory Services Network LLC

Advisory Services Network LLC boosted its position in General Dynamics Co. (NYSE:GD) by 10.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,648 shares of the aerospace company’s stock after buying an additional 1,031 shares during the period. Advisory Services Network LLC’s holdings in General Dynamics were worth $2,166,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Americafirst Capital Management LLC acquired a new position in shares of General Dynamics during the second quarter valued at about $1,160,000. Ameritas Investment Partners Inc. raised its holdings in shares of General Dynamics by 1.5% during the second quarter. Ameritas Investment Partners Inc. now owns 26,946 shares of the aerospace company’s stock valued at $5,337,000 after purchasing an additional 391 shares during the period. Piedmont Investment Advisors LLC raised its holdings in shares of General Dynamics by 7.1% during the second quarter. Piedmont Investment Advisors LLC now owns 55,592 shares of the aerospace company’s stock valued at $11,013,000 after purchasing an additional 3,688 shares during the period. National Asset Management Inc. raised its holdings in shares of General Dynamics by 10.2% during the second quarter. National Asset Management Inc. now owns 4,370 shares of the aerospace company’s stock valued at $867,000 after purchasing an additional 406 shares during the period. Finally, Verition Fund Management LLC raised its holdings in shares of General Dynamics by 96.4% during the second quarter. Verition Fund Management LLC now owns 2,746 shares of the aerospace company’s stock valued at $544,000 after purchasing an additional 1,348 shares during the period. Institutional investors and hedge funds own 87.03% of the company’s stock.

Shares of General Dynamics Co. (NYSE:GD) opened at $218.25 on Thursday. The company has a current ratio of 1.40, a quick ratio of 0.99 and a debt-to-equity ratio of 0.35. The company has a market cap of $62,893.50, a PE ratio of 22.85, a PEG ratio of 2.24 and a beta of 0.85. General Dynamics Co. has a 52-week low of $183.72 and a 52-week high of $229.54.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, January 24th. The aerospace company reported $2.50 EPS for the quarter, topping the consensus estimate of $2.37 by $0.13. The company had revenue of $8.28 billion during the quarter, compared to the consensus estimate of $8.40 billion. General Dynamics had a net margin of 9.40% and a return on equity of 27.22%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.89 earnings per share. research analysts anticipate that General Dynamics Co. will post 11.1 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, February 9th. Stockholders of record on Friday, January 19th were given a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend was Thursday, January 18th. General Dynamics’s payout ratio is presently 35.18%.

Several brokerages have recently weighed in on GD. Credit Suisse Group upped their price objective on shares of General Dynamics from $259.00 to $262.00 and gave the company an “outperform” rating in a report on Tuesday. Zacks Investment Research upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and set a $252.00 price objective on the stock in a report on Friday, February 2nd. Argus upgraded shares of General Dynamics to a “buy” rating and upped their price objective for the company from $230.00 to $250.00 in a report on Tuesday, January 30th. Buckingham Research reiterated a “buy” rating and set a $260.00 price objective (up previously from $230.00) on shares of General Dynamics in a report on Tuesday, January 30th. Finally, Royal Bank of Canada upped their price objective on shares of General Dynamics to $258.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. General Dynamics currently has a consensus rating of “Hold” and an average price target of $232.09.

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General Dynamics Company Profile

General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.

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Institutional Ownership by Quarter for General Dynamics (NYSE:GD)

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