1 week Ago By ABMN Staff
Great Lakes Advisors LLC reduced its stake in General Dynamics Co. ( NYSE:GD – Free Report ) by 10.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 21,162 shares of the aerospace company’s stock after selling 2,433 shares during the period. Great Lakes Advisors LLC’s holdings in General Dynamics were worth $6,140,000 at the end of the most recent reporting period. Other institutional investors have also modified their holdings of the company.
Price T Rowe Associates Inc. MD raised its holdings in shares of General Dynamics by 2.5% in the first quarter.
Price T Rowe Associates Inc. MD now owns 4,782,612 shares of the aerospace company’s stock valued at $1,351,041,000 after acquiring an additional 115,063 shares in the last quarter. Sanders Capital LLC lifted its position in shares of General Dynamics by 3.
7% in the 4th quarter. Sanders Capital LLC now owns 4,164,857 shares of the aerospace company’s stock worth $1,081,488,000 after purchasing an additional 147,800 shares during the period. Norges Bank bought a new position in shares of General Dynamics during the fourth quarter valued at approximately $728,284,000.
Northern Trust Corp increased its holdings in General Dynamics by 1.1% during the fourth quarter. Northern Trust Corp now owns 2,282,757 shares of the aerospace company’s stock valued at $592,764,000 after buying an additional 24,395 shares during the period.
Finally, Boston Partners raised its stake in General Dynamics by 1.4% in the first quarter. Boston Partners now owns 1,680,666 shares of the aerospace company’s stock worth $474,927,000 after buying an additional 23,262 shares in the last quarter.
86.14% of the stock is owned by hedge funds and other institutional investors. General Dynamics Price Performance General Dynamics stock opened at $292.
78 on Monday. The firm has a fifty day moving average of $290.80 and a 200-day moving average of $289.
10. The firm has a market capitalization of $80.33 billion, a P/E ratio of 23.
88, a PEG ratio of 1.64 and a beta of 0.61.
General Dynamics Co. has a 52-week low of $214.53 and a 52-week high of $302.
75. The company has a quick ratio of 0.80, a current ratio of 1.
33 and a debt-to-equity ratio of 0.33. General Dynamics Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th.
Shareholders of record on Friday, October 11th will be given a $1.42 dividend. This represents a $5.
68 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Friday, October 11th.
General Dynamics’s dividend payout ratio (DPR) is presently 46.33%. Wall Street Analyst Weigh In GD has been the topic of a number of analyst reports.
BTIG Research initiated coverage on General Dynamics in a report on Wednesday, June 26th. They issued a “buy” rating and a $345.00 price target on the stock.
Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 target price on shares of General Dynamics in a research note on Thursday, July 25th. Barclays increased their price target on shares of General Dynamics from $310.
00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Sanford C.
Bernstein lifted their price objective on shares of General Dynamics from $290.00 to $302.00 and gave the stock a “market perform” rating in a research report on Thursday, May 23rd.
Finally, Morgan Stanley raised shares of General Dynamics from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $293.00 to $345.00 in a research report on Friday, August 9th.
Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $315.06.
View Our Latest Analysis on GD General Dynamics Company Profile ( Free Report ) 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.
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