Weybosset Research & Management LLC lowered its holdings in shares of General Dynamics Co. (NYSE:GD) by 0.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 39,827 shares of the aerospace company’s stock after selling 308 shares during the quarter. General Dynamics accounts for 4.9% of Weybosset Research & Management LLC’s investment portfolio, making the stock its 6th biggest holding. Weybosset Research & Management LLC’s holdings in General Dynamics were worth $8,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the stock. Capital Research Global Investors boosted its stake in General Dynamics by 4.5% during the 2nd quarter. Capital Research Global Investors now owns 16,792,408 shares of the aerospace company’s stock worth $3,326,576,000 after purchasing an additional 725,896 shares during the period. Janus Henderson Group PLC lifted its stake in shares of General Dynamics by 6.1% in the 3rd quarter. Janus Henderson Group PLC now owns 5,302,868 shares of the aerospace company’s stock worth $1,090,164,000 after acquiring an additional 304,175 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of General Dynamics by 2,097.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,711,597 shares of the aerospace company’s stock worth $353,351,000 after acquiring an additional 1,633,700 shares during the period. Bank of Montreal Can lifted its stake in shares of General Dynamics by 15.0% in the 4th quarter. Bank of Montreal Can now owns 1,557,931 shares of the aerospace company’s stock worth $316,962,000 after acquiring an additional 202,628 shares during the period. Finally, Capital International Investors increased its holdings in shares of General Dynamics by 9.5% in the 3rd quarter. Capital International Investors now owns 1,472,000 shares of the aerospace company’s stock valued at $302,614,000 after purchasing an additional 128,000 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Shares of General Dynamics Co. (NYSE GD) opened at $212.46 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.40 and a quick ratio of 0.99. General Dynamics Co. has a 12-month low of $181.94 and a 12-month high of $229.54. The stock has a market cap of $63,440.00, a P/E ratio of 22.25, a P/E/G ratio of 2.24 and a beta of 0.85.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, January 19th will be given a $0.84 dividend. The ex-dividend date is Thursday, January 18th. This represents a $3.36 annualized dividend and a dividend yield of 1.58%. General Dynamics’s dividend payout ratio is presently 35.18%.

GD has been the subject of several recent research reports. Royal Bank of Canada set a $239.00 target price on shares of General Dynamics and gave the company a “buy” rating in a report on Wednesday, November 15th. Cowen restated a “buy” rating and set a $230.00 target price on shares of General Dynamics in a report on Thursday, October 19th. ValuEngine downgraded shares of General Dynamics from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Stifel Nicolaus raised their target price on shares of General Dynamics from $200.00 to $210.00 and gave the company a “hold” rating in a report on Thursday, October 26th. Finally, Zacks Investment Research downgraded shares of General Dynamics from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $231.94.

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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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