134,267 Shares in General Dynamics (GD) Acquired by Columbus Circle Investors

Columbus Circle Investors purchased a new position in shares of General Dynamics (NYSE:GD) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 134,267 shares of the aerospace company’s stock, valued at approximately $29,660,000.

Other large investors have also modified their holdings of the company. Atria Investments LLC increased its stake in shares of General Dynamics by 13.2% during the 4th quarter. Atria Investments LLC now owns 13,781 shares of the aerospace company’s stock worth $2,804,000 after purchasing an additional 1,608 shares during the last quarter. E&G Advisors LP acquired a new position in shares of General Dynamics during the 4th quarter worth about $215,000. Creative Planning increased its stake in shares of General Dynamics by 4.0% during the 4th quarter. Creative Planning now owns 14,112 shares of the aerospace company’s stock worth $2,871,000 after purchasing an additional 539 shares during the last quarter. Capital Investment Advisors LLC increased its stake in shares of General Dynamics by 13.0% during the 4th quarter. Capital Investment Advisors LLC now owns 2,501 shares of the aerospace company’s stock worth $509,000 after purchasing an additional 287 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its stake in shares of General Dynamics by 9.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 9,990 shares of the aerospace company’s stock worth $2,032,000 after purchasing an additional 871 shares during the last quarter. 85.74% of the stock is currently owned by hedge funds and other institutional investors.

In other General Dynamics news, insider S. Daniel Johnson sold 3,933 shares of the stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $228.79, for a total transaction of $899,831.07. Following the transaction, the insider now owns 66,363 shares in the company, valued at approximately $15,183,190.77. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lester L. Lyles sold 5,210 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $220.73, for a total transaction of $1,150,003.30. Following the transaction, the director now owns 12,537 shares in the company, valued at approximately $2,767,292.01. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,253 shares of company stock worth $4,322,831. Company insiders own 6.70% of the company’s stock.

Shares of General Dynamics opened at $201.76 on Friday, Marketbeat reports. General Dynamics has a 12-month low of $201.35 and a 12-month high of $202.58. The company has a market cap of $59.90 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 1.96 and a beta of 0.84. The company has a current ratio of 1.34, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, April 25th. The aerospace company reported $2.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.49 by $0.16. General Dynamics had a net margin of 9.49% and a return on equity of 26.83%. The firm had revenue of $7.50 billion for the quarter, compared to analyst estimates of $7.56 billion. During the same quarter in the prior year, the business posted $2.48 EPS. The business’s revenue was up .8% compared to the same quarter last year. equities analysts expect that General Dynamics will post 11.08 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 11th. Shareholders of record on Friday, April 13th were given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend was Thursday, April 12th. This is a positive change from General Dynamics’s previous quarterly dividend of $0.84. General Dynamics’s dividend payout ratio is presently 37.39%.

Several research analysts have recently weighed in on the stock. Citigroup boosted their price objective on shares of General Dynamics from $215.00 to $235.00 and gave the stock a “neutral” rating in a research note on Thursday, January 25th. ValuEngine lowered shares of General Dynamics from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Bank of America upped their price target on shares of General Dynamics from $245.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Royal Bank of Canada reiterated a “buy” rating and issued a $263.00 price target on shares of General Dynamics in a research note on Friday, April 6th. Finally, Argus upgraded shares of General Dynamics to a “buy” rating and upped their price target for the company from $230.00 to $250.00 in a research note on Tuesday, January 30th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $242.72.

About General Dynamics

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four business groups: Aerospace; Combat Systems; Information Systems and Technology; and Marine Systems. The Aerospace group designs, develops, manufactures, service and supports business-jet aircraft; and provides aircraft services, such as maintenance, aircraft management, charter, fixed-base operational, and staffing services.

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

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