8,275 Shares in General Dynamics Co. (NYSE:GD) Purchased by FCG Investment Co

FCG Investment Co bought a new stake in shares of General Dynamics Co. (NYSE:GD) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 8,275 shares of the aerospace company’s stock, valued at approximately $2,501,000. General Dynamics comprises about 1.6% of FCG Investment Co’s holdings, making the stock its 15th biggest position.

A number of other hedge funds have also recently modified their holdings of GD. Hennion & Walsh Asset Management Inc. grew its holdings in General Dynamics by 40.4% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 4,591 shares of the aerospace company’s stock worth $1,297,000 after acquiring an additional 1,320 shares in the last quarter. Vicus Capital purchased a new position in General Dynamics in the first quarter valued at about $301,000. Diversified Trust Co raised its holdings in General Dynamics by 2.5% in the first quarter. Diversified Trust Co now owns 1,503 shares of the aerospace company’s stock worth $425,000 after purchasing an additional 36 shares in the last quarter. Miracle Mile Advisors LLC lifted its position in shares of General Dynamics by 3.7% during the first quarter. Miracle Mile Advisors LLC now owns 1,979 shares of the aerospace company’s stock valued at $559,000 after buying an additional 71 shares during the last quarter. Finally, Cullinan Associates Inc. bought a new stake in shares of General Dynamics in the 1st quarter valued at about $728,000. Institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

GD has been the subject of a number of analyst reports. Robert W. Baird reissued an “outperform” rating and set a $345.00 target price on shares of General Dynamics in a research report on Tuesday, July 2nd. Citigroup raised their price objective on General Dynamics from $331.00 to $354.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. TD Cowen raised General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 8th. Barclays raised their price target on General Dynamics from $310.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th. Finally, Royal Bank of Canada increased their price objective on shares of General Dynamics from $320.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $323.88.

General Dynamics Price Performance

Shares of GD opened at $305.21 on Monday. The company has a market capitalization of $83.87 billion, a P/E ratio of 23.60, a P/E/G ratio of 1.72 and a beta of 0.61. The business’s 50-day moving average is $300.40 and its two-hundred day moving average is $294.74. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.80 and a current ratio of 1.33. General Dynamics Co. has a fifty-two week low of $237.35 and a fifty-two week high of $313.11.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). General Dynamics had a return on equity of 16.74% and a net margin of 7.89%. The firm had revenue of $11.67 billion for the quarter, compared to analyst estimates of $11.65 billion. During the same period in the previous year, the business earned $3.04 EPS. General Dynamics’s revenue for the quarter was up 10.4% compared to the same quarter last year. Research analysts predict that General Dynamics Co. will post 14.27 earnings per share for the current year.

General Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 11th will be paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Friday, October 11th. General Dynamics’s payout ratio is currently 44.31%.

Insider Activity at General Dynamics

In other news, Director Peter A. Wall sold 1,320 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $308.05, for a total transaction of $406,626.00. Following the completion of the transaction, the director now directly owns 3,592 shares of the company’s stock, valued at $1,106,515.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 1.52% of the stock is owned by company insiders.

General Dynamics Company Profile

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.