Edgemoor Investment Advisors Inc. increased its holdings in General Dynamics Co. (NYSE:GD) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 60,937 shares of the aerospace company’s stock after acquiring an additional 452 shares during the quarter. General Dynamics makes up 1.6% of Edgemoor Investment Advisors Inc.’s portfolio, making the stock its 18th biggest position. Edgemoor Investment Advisors Inc.’s holdings in General Dynamics were worth $12,573,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in GD. Macquarie Group Ltd. lifted its stake in shares of General Dynamics by 106.0% in the second quarter. Macquarie Group Ltd. now owns 35,638 shares of the aerospace company’s stock worth $7,060,000 after acquiring an additional 18,342 shares in the last quarter. ETF Managers Group LLC acquired a new position in shares of General Dynamics in the second quarter worth about $291,000. Monetary Management Group Inc. lifted its stake in shares of General Dynamics by 0.3% in the second quarter. Monetary Management Group Inc. now owns 10,620 shares of the aerospace company’s stock worth $2,104,000 after acquiring an additional 30 shares in the last quarter. Sciencast Management LP lifted its stake in shares of General Dynamics by 15.8% in the second quarter. Sciencast Management LP now owns 6,660 shares of the aerospace company’s stock worth $1,319,000 after acquiring an additional 911 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its stake in shares of General Dynamics by 41.7% in the second quarter. Cubist Systematic Strategies LLC now owns 16,147 shares of the aerospace company’s stock worth $3,199,000 after acquiring an additional 4,752 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Several analysts recently weighed in on GD shares. Cowen reissued a “buy” rating and issued a $230.00 price objective on shares of General Dynamics in a report on Thursday, October 26th. Jefferies Group reissued a “buy” rating and issued a $236.00 price objective on shares of General Dynamics in a report on Thursday, October 26th. Zacks Investment Research raised General Dynamics from a “hold” rating to a “buy” rating and set a $238.00 price objective for the company in a report on Thursday, October 26th. Royal Bank of Canada set a $239.00 price objective on General Dynamics and gave the company a “buy” rating in a report on Wednesday, November 15th. Finally, Bank of America boosted their price objective on General Dynamics from $245.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $231.94.

General Dynamics Co. (GD) opened at $212.10 on Friday. The company has a market capitalization of $62,971.64, a P/E ratio of 22.21, a PEG ratio of 2.25 and a beta of 0.85. General Dynamics Co. has a fifty-two week low of $182.16 and a fifty-two week high of $229.54. 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 posted its earnings results on Wednesday, January 24th. The aerospace company reported $2.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.37 by $0.13. The company had revenue of $8.28 billion during the quarter, compared to analyst estimates of $8.40 billion. General Dynamics had a return on equity of 27.22% and a net margin of 9.40%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.89 earnings per share. sell-side analysts predict that General Dynamics Co. will post 11.1 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, February 9th. Stockholders of record on Friday, January 19th were issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend was Thursday, January 18th. General Dynamics’s dividend payout ratio (DPR) is presently 35.18%.

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

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