Bedel Financial Consulting Inc. Buys New Stake in General Dynamics Co. (GD)

Bedel Financial Consulting Inc. bought a new position in General Dynamics Co. (NYSE:GD) in the fourth quarter, Holdings Channel reports. The institutional investor bought 1,721 shares of the aerospace company’s stock, valued at approximately $350,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. WFG Advisors LP lifted its position in General Dynamics by 0.3% in the 2nd quarter. WFG Advisors LP now owns 668 shares of the aerospace company’s stock worth $132,000 after buying an additional 2 shares during the last quarter. Monetary Management Group Inc. lifted its position in General Dynamics by 0.3% in the 2nd quarter. Monetary Management Group Inc. now owns 10,620 shares of the aerospace company’s stock worth $2,104,000 after buying an additional 30 shares during the last quarter. Quadrant Capital Group LLC lifted its position in General Dynamics by 6.1% in the 2nd quarter. Quadrant Capital Group LLC now owns 645 shares of the aerospace company’s stock worth $110,000 after buying an additional 37 shares during the last quarter. Roberts Glore & Co. Inc. IL lifted its position in General Dynamics by 2.2% in the 2nd quarter. Roberts Glore & Co. Inc. IL now owns 4,641 shares of the aerospace company’s stock worth $919,000 after buying an additional 100 shares during the last quarter. Finally, Linscomb & Williams Inc. lifted its position in General Dynamics by 7.7% in the second quarter. Linscomb & Williams Inc. now owns 1,613 shares of the aerospace company’s stock valued at $320,000 after purchasing an additional 116 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

General Dynamics Co. (NYSE GD) opened at $206.05 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.99 and a current ratio of 1.40. General Dynamics Co. has a 12 month low of $182.16 and a 12 month high of $229.54. The stock has a market capitalization of $61,520.00, a P/E ratio of 21.58, a PEG ratio of 2.25 and a beta of 0.85.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, January 24th. The aerospace company reported $2.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $8.28 billion for the quarter, compared to analysts’ expectations of $8.40 billion. During the same period in the previous year, the firm earned $1.89 earnings per share. The business’s revenue was up 8.1% compared to the same quarter last year. sell-side analysts anticipate that General Dynamics Co. will post 11.1 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, January 19th will be paid a dividend of $0.84 per share. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $3.36 annualized dividend and a dividend yield of 1.63%. General Dynamics’s dividend payout ratio (DPR) is presently 35.18%.

GD has been the subject of several recent research reports. Royal Bank of Canada set a $239.00 price objective on General Dynamics and gave the company a “buy” rating in a research report on Wednesday, November 15th. Cowen reiterated a “buy” rating and issued a $230.00 price objective on shares of General Dynamics in a research report on Thursday, October 19th. ValuEngine downgraded General Dynamics from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Stifel Nicolaus boosted their price objective on General Dynamics from $200.00 to $210.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Finally, Zacks Investment Research downgraded General Dynamics from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Three research 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’s stock. The company presently has an average rating of “Hold” and a consensus 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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