ETF Managers Group LLC boosted its position in shares of General Dynamics Co. (NYSE:GD) by 55.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,904 shares of the aerospace company’s stock after purchasing an additional 2,114 shares during the quarter. ETF Managers Group LLC’s holdings in General Dynamics were worth $928,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently made changes to their positions in the business. We Are One Seven LLC bought a new stake in shares of General Dynamics in the 4th quarter valued at about $27,000. Moody National Bank Trust Division increased its stake in shares of General Dynamics by 120.0% in the 4th quarter. Moody National Bank Trust Division now owns 363 shares of the aerospace company’s stock valued at $57,000 after acquiring an additional 198 shares during the last quarter. Csenge Advisory Group bought a new stake in shares of General Dynamics in the 3rd quarter valued at about $80,000. Zions Bancorporation bought a new stake in shares of General Dynamics in the 3rd quarter valued at about $109,000. Finally, NuWave Investment Management LLC increased its stake in shares of General Dynamics by 22.9% in the 4th quarter. NuWave Investment Management LLC now owns 736 shares of the aerospace company’s stock valued at $116,000 after acquiring an additional 137 shares during the last quarter. 86.24% of the stock is owned by hedge funds and other institutional investors.
In other General Dynamics news, VP Christopher J. Brady sold 2,327 shares of the company’s stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $171.23, for a total transaction of $398,452.21. Following the completion of the transaction, the vice president now owns 5,134 shares of the company’s stock, valued at approximately $879,094.82. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Catherine B. Reynolds purchased 600 shares of General Dynamics stock in a transaction on Friday, December 7th. The shares were purchased at an average cost of $167.64 per share, with a total value of $100,584.00. Following the transaction, the director now owns 1,153 shares in the company, valued at $193,288.92. The disclosure for this purchase can be found here. Corporate insiders own 6.90% of the company’s stock.
NYSE GD opened at $172.12 on Friday. General Dynamics Co. has a 52-week low of $143.87 and a 52-week high of $230.00. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.23 and a quick ratio of 0.83. The company has a market cap of $51.41 billion, a P/E ratio of 15.07, a price-to-earnings-growth ratio of 1.61 and a beta of 1.16.
General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, January 30th. The aerospace company reported $3.07 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.09. General Dynamics had a return on equity of 28.33% and a net margin of 9.24%. The firm had revenue of $10.38 billion during the quarter, compared to the consensus estimate of $10.34 billion. During the same quarter in the prior year, the firm posted $2.50 EPS. The business’s revenue was up 25.4% on a year-over-year basis. As a group, sell-side analysts expect that General Dynamics Co. will post 11.73 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, February 8th. Shareholders of record on Friday, January 18th were given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date was Thursday, January 17th. General Dynamics’s dividend payout ratio (DPR) is currently 32.57%.
GD has been the subject of a number of research reports. FIG Partners raised General Dynamics to an “add” rating in a research note on Tuesday, January 8th. Argus lowered their target price on General Dynamics from $250.00 to $200.00 and set a “buy” rating for the company in a research note on Friday, October 26th. Cowen reissued a “buy” rating and set a $253.00 target price on shares of General Dynamics in a research note on Wednesday, October 24th. Credit Suisse Group reissued a “buy” rating and set a $190.00 target price on shares of General Dynamics in a research note on Monday, January 14th. Finally, Drexel Hamilton reissued a “buy” rating and set a $230.00 target price on shares of General Dynamics in a research note on Monday, February 4th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. General Dynamics currently has a consensus rating of “Hold” and a consensus price target of $208.23.
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General Dynamics Company Profile
General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four business groups: Aerospace; Combat Systems; Information Systems and Technology; and Marine Systems. The Aerospace group designs, develops, manufactures, service and supports business-jet aircraft; and provides aircraft services, such as maintenance, aircraft management, charter, fixed-base operational, and staffing services.
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