1,600 Shares in General Dynamics Co. (GD) Acquired by Ackerman Capital Advisors LLC
Ackerman Capital Advisors LLC acquired a new stake in General Dynamics Co. (NYSE:GD) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,600 shares of the aerospace company’s stock, valued at approximately $329,000.
Several other hedge funds have also recently added to or reduced their stakes in GD. Highlander Capital Management LLC raised its holdings in shares of General Dynamics by 101.4% in the fourth quarter. Highlander Capital Management LLC now owns 596 shares of the aerospace company’s stock valued at $121,000 after acquiring an additional 300 shares in the last quarter. Resources Investment Advisors Inc. raised its holdings in shares of General Dynamics by 92.3% in the fourth quarter. Resources Investment Advisors Inc. now owns 625 shares of the aerospace company’s stock valued at $127,000 after acquiring an additional 300 shares in the last quarter. We Are One Seven LLC bought a new stake in shares of General Dynamics in the fourth quarter valued at about $128,000. NuWave Investment Management LLC bought a new stake in shares of General Dynamics in the fourth quarter valued at about $130,000. Finally, Prime Capital Investment Advisors LLC bought a new stake in shares of General Dynamics in the fourth quarter valued at about $134,000. Hedge funds and other institutional investors own 86.06% of the company’s stock.
A number of equities analysts have commented on GD shares. Jefferies Group reiterated a “buy” rating and issued a $237.00 target price on shares of General Dynamics in a report on Monday, January 8th. Bank of America boosted their target price on shares of General Dynamics from $245.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Royal Bank of Canada set a $246.00 target price on shares of General Dynamics and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Zacks Investment Research upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and set a $234.00 target price for the company in a report on Friday, January 19th. Finally, Buckingham Research reiterated a “buy” rating and issued a $260.00 target price (up from $230.00) on shares of General Dynamics in a report on Tuesday, January 30th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $235.88.
Shares of General Dynamics Co. (NYSE GD) opened at $218.37 on Friday. General Dynamics Co. has a 52 week low of $183.72 and a 52 week high of $230.00. The firm has a market capitalization of $66,922.90, a PE ratio of 22.87, a PEG ratio of 2.39 and a beta of 0.83. The company has a current ratio of 1.40, a quick ratio of 0.99 and a debt-to-equity ratio of 0.35.
General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $2.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.37 by $0.13. General Dynamics had a return on equity of 27.22% and a net margin of 9.40%. The business had revenue of $8.28 billion for the quarter, compared to analyst estimates of $8.40 billion. During the same quarter in the previous year, the firm earned $1.89 earnings per share. The company’s revenue was up 8.1% on a year-over-year basis. research analysts forecast that General Dynamics Co. will post 11.09 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 11th. Stockholders of record on Friday, April 13th will be paid a dividend of $0.93 per share. This is a positive change from General Dynamics’s previous quarterly dividend of $0.84. The ex-dividend date is Thursday, April 12th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.70%. General Dynamics’s payout ratio is presently 35.18%.
General Dynamics 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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