Investors Buy Shares of General Dynamics (GD) on Weakness

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Investors purchased shares of General Dynamics Co. (NYSE:GD) on weakness during trading on Friday. $120.26 million flowed into the stock on the tick-up and $49.69 million flowed out of the stock on the tick-down, for a money net flow of $70.57 million into the stock. Of all companies tracked, General Dynamics had the 10th highest net in-flow for the day. General Dynamics traded down ($1.47) for the day and closed at $172.12

A number of research analysts recently weighed in on the stock. Cowen restated a “buy” rating and set a $253.00 target price on shares of General Dynamics in a research note on Monday, October 15th. Morgan Stanley lowered their target price on shares of General Dynamics from $209.00 to $189.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 14th. Barclays lowered their target price on shares of General Dynamics from $256.00 to $210.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 4th. Wells Fargo & Co reduced their price target on shares of General Dynamics from $250.00 to $210.00 and set an “outperform” rating on the stock in a report on Thursday, October 25th. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $230.00 price target on shares of General Dynamics in a report on Monday, February 4th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. General Dynamics has a consensus rating of “Hold” and a consensus price target of $208.23.

The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.83 and a current ratio of 1.23. The firm has a market cap of $50.97 billion, a PE ratio of 15.07, a price-to-earnings-growth ratio of 1.60 and a beta of 1.16.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, January 30th. The aerospace company reported $3.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 9.24% and a return on equity of 28.33%. General Dynamics’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.50 EPS. On average, equities analysts expect that General Dynamics Co. will post 11.73 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, February 8th. Stockholders of record on Friday, January 18th were issued a $0.93 dividend. The ex-dividend date of this dividend was Thursday, January 17th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.16%. General Dynamics’s dividend payout ratio (DPR) is presently 32.57%.

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

Several institutional investors have recently bought and sold shares of the company. Ontario Teachers Pension Plan Board grew its holdings in General Dynamics by 256.4% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 7,364 shares of the aerospace company’s stock valued at $1,508,000 after purchasing an additional 5,298 shares during the last quarter. Alerus Financial NA grew its holdings in General Dynamics by 19.8% during the 3rd quarter. Alerus Financial NA now owns 20,878 shares of the aerospace company’s stock valued at $3,511,000 after purchasing an additional 3,446 shares during the last quarter. Tompkins Financial Corp grew its holdings in General Dynamics by 3.8% during the 4th quarter. Tompkins Financial Corp now owns 16,406 shares of the aerospace company’s stock valued at $2,579,000 after purchasing an additional 608 shares during the last quarter. AlphaMark Advisors LLC grew its holdings in General Dynamics by 6.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 18,225 shares of the aerospace company’s stock valued at $3,731,000 after purchasing an additional 1,032 shares during the last quarter. Finally, Johnson Financial Group Inc. grew its holdings in General Dynamics by 282.1% during the 3rd quarter. Johnson Financial Group Inc. now owns 5,548 shares of the aerospace company’s stock valued at $1,136,000 after purchasing an additional 4,096 shares during the last quarter. Hedge funds and other institutional investors own 86.24% of the company’s stock.

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General Dynamics Company Profile (NYSE:GD)

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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