General Dynamics Co. (NYSE:GD) Shares Acquired by Dearborn Partners LLC

Dearborn Partners LLC lifted its holdings in shares of General Dynamics Co. (NYSE:GD) by 3.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 72,140 shares of the aerospace company’s stock after buying an additional 2,249 shares during the period. Dearborn Partners LLC’s holdings in General Dynamics were worth $10,782,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Larson Financial Group LLC acquired a new position in shares of General Dynamics during the 2nd quarter valued at $30,000. Security National Trust Co. lifted its holdings in shares of General Dynamics by 123.0% during the 1st quarter. Security National Trust Co. now owns 223 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 123 shares in the last quarter. Key Financial Inc acquired a new position in shares of General Dynamics during the 1st quarter valued at $31,000. Verus Capital Partners LLC acquired a new position in shares of General Dynamics during the 4th quarter valued at $49,000. Finally, FinTrust Capital Advisors LLC lifted its holdings in shares of General Dynamics by 95.3% during the 1st quarter. FinTrust Capital Advisors LLC now owns 289 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 141 shares in the last quarter. Institutional investors and hedge funds own 85.57% of the company’s stock.

Shares of GD traded down $2.12 during midday trading on Friday, hitting $146.74. The company had a trading volume of 1,659,624 shares, compared to its average volume of 1,125,946. The company’s 50 day moving average price is $148.68 and its 200 day moving average price is $151.85. The stock has a market cap of $42.09 billion, a price-to-earnings ratio of 13.03, a PEG ratio of 2.50 and a beta of 1.05. General Dynamics Co. has a 52 week low of $100.55 and a 52 week high of $193.76. The company has a quick ratio of 0.97, a current ratio of 1.27 and a debt-to-equity ratio of 0.75.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.03. General Dynamics had a net margin of 8.47% and a return on equity of 24.10%. The business had revenue of $9.26 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter in the prior year, the firm earned $2.77 EPS. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. Equities analysts anticipate that General Dynamics Co. will post 11.1 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 3rd will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date is Wednesday, July 1st. General Dynamics’s dividend payout ratio is presently 36.73%.

Several equities research analysts recently issued reports on GD shares. Seaport Global Securities started coverage on shares of General Dynamics in a research note on Tuesday, May 19th. They set a “buy” rating and a $188.00 price target on the stock. ValuEngine raised shares of General Dynamics from a “sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Susquehanna Bancshares lifted their price target on shares of General Dynamics from $167.00 to $184.00 and gave the stock a “positive” rating in a research note on Thursday, June 4th. Morgan Stanley lifted their price target on shares of General Dynamics from $146.00 to $151.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 14th. Finally, Credit Suisse Group dropped their price target on shares of General Dynamics from $191.00 to $153.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $183.57.

About General Dynamics

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates in five segments: Aerospace, Combat Systems, Information Technology, Mission Systems, and Marine Systems. The Aerospace segment designs, manufactures, and supports business-jet aircraft; and offers business-aviation services, including maintenance, fixed-base operation, government fleet, aircraft management, charter, and staffing services, as well as integrated aviation solutions.

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

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