Capital Investment Advisory Services LLC Acquires New Holdings in General Dynamics Co. (GD)

Capital Investment Advisory Services LLC acquired a new position in shares of General Dynamics Co. (NYSE:GD) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 596 shares of the aerospace company’s stock, valued at approximately $94,000.

Other large investors have also recently made changes to their positions in the company. Financial Gravity Companies Inc. purchased a new stake in shares of General Dynamics during the fourth quarter worth $25,000. We Are One Seven LLC purchased a new stake in shares of General Dynamics during the fourth quarter worth $27,000. Moody National Bank Trust Division raised its holdings in shares of General Dynamics by 120.0% during the fourth quarter. Moody National Bank Trust Division now owns 363 shares of the aerospace company’s stock worth $57,000 after acquiring an additional 198 shares in the last quarter. Csenge Advisory Group purchased a new stake in shares of General Dynamics during the third quarter worth $80,000. Finally, Zions Bancorporation purchased a new stake in shares of General Dynamics during the third quarter worth $109,000. Institutional investors and hedge funds own 89.04% of the company’s stock.

Several analysts recently issued reports on the company. Zacks Investment Research upgraded General Dynamics from a “sell” rating to a “hold” rating in a report on Tuesday. Citigroup cut their target price on General Dynamics from $210.00 to $195.00 and set a “neutral” rating on the stock in a report on Thursday, October 25th. Sanford C. Bernstein cut their target price on General Dynamics from $186.00 to $178.00 and set a “market perform” rating on the stock in a report on Monday, February 4th. Cowen restated a “buy” rating and set a $253.00 target price on shares of General Dynamics in a report on Wednesday, October 24th. Finally, Drexel Hamilton restated a “buy” rating and set a $230.00 target price on shares of General Dynamics in a report on Monday, February 4th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $208.23.

In other news, VP Christopher J. Brady sold 2,327 shares of the firm’s stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $171.23, for a total value of $398,452.21. Following the sale, the vice president now directly owns 5,134 shares of the company’s stock, valued at $879,094.82. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Catherine B. Reynolds purchased 600 shares of the stock in a transaction dated Friday, December 7th. The stock was acquired at an average cost of $167.64 per share, for a total transaction of $100,584.00. Following the completion of the transaction, the director now owns 1,153 shares of the company’s stock, valued at approximately $193,288.92. The disclosure for this purchase can be found here. Company insiders own 6.90% of the company’s stock.

Shares of NYSE:GD opened at $172.76 on Wednesday. The stock has a market capitalization of $50.96 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 1.60 and a beta of 1.16. General Dynamics Co. has a 52-week low of $143.87 and a 52-week high of $230.00. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.83 and a current ratio of 1.23.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, January 30th. The aerospace company reported $3.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.98 by $0.09. The company had revenue of $10.38 billion for the quarter, compared to the consensus estimate of $10.34 billion. General Dynamics had a return on equity of 28.33% and a net margin of 9.24%. The firm’s revenue was up 25.4% compared to the same quarter last year. During the same period last year, the business posted $2.50 earnings per share. On average, sell-side analysts predict that General Dynamics Co. will post 11.73 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, February 8th. Stockholders of record on Friday, January 18th were given a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend was Thursday, January 17th. General Dynamics’s dividend payout ratio is currently 32.57%.

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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.

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

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