Traders Sell Shares of General Dynamics (GD) on Strength (GD)
Investors sold shares of General Dynamics Co. (NYSE:GD) on strength during trading on Wednesday. $92.01 million flowed into the stock on the tick-up and $138.04 million flowed out of the stock on the tick-down, for a money net flow of $46.03 million out of the stock. Of all companies tracked, General Dynamics had the 33rd highest net out-flow for the day. General Dynamics traded up $2.49 for the day and closed at $214.95
GD has been the topic of several recent analyst reports. Stifel Nicolaus increased their price objective on shares of General Dynamics from $200.00 to $210.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Royal Bank of Canada set a $239.00 price objective on shares of General Dynamics and gave the company a “buy” rating in a research report on Wednesday, November 15th. Zacks Investment Research downgraded shares of General Dynamics from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Cowen reaffirmed a “buy” rating and set a $230.00 price target on shares of General Dynamics in a report on Thursday, October 19th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $237.00 price target on shares of General Dynamics in a report on Monday, January 8th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company. General Dynamics presently has a consensus rating of “Hold” and a consensus price target of $231.94.
The company has a current ratio of 1.40, a quick ratio of 0.99 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $63,330.00, a price-to-earnings ratio of 22.21, a PEG ratio of 2.28 and a beta of 0.85.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, January 19th will be issued a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Thursday, January 18th. General Dynamics’s payout ratio is 35.18%.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Baird Financial Group Inc. boosted its holdings in shares of General Dynamics by 4.0% in the fourth quarter. Baird Financial Group Inc. now owns 45,001 shares of the aerospace company’s stock worth $9,156,000 after buying an additional 1,734 shares during the last quarter. Citizens Financial Group Inc RI boosted its holdings in shares of General Dynamics by 2.0% in the fourth quarter. Citizens Financial Group Inc RI now owns 42,759 shares of the aerospace company’s stock worth $8,700,000 after buying an additional 852 shares during the last quarter. Stanley Laman Group Ltd. purchased a new position in shares of General Dynamics in the fourth quarter worth approximately $972,000. Norinchukin Bank The boosted its holdings in shares of General Dynamics by 4.1% in the fourth quarter. Norinchukin Bank The now owns 36,279 shares of the aerospace company’s stock worth $7,381,000 after buying an additional 1,413 shares during the last quarter. Finally, FDx Advisors Inc. boosted its holdings in shares of General Dynamics by 2.5% in the fourth quarter. FDx Advisors Inc. now owns 54,494 shares of the aerospace company’s stock worth $11,087,000 after buying an additional 1,333 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors.
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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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