Traders Buy General Dynamics (GD) on Weakness

Investors bought shares of General Dynamics Co. (NYSE:GD) on weakness during trading hours on Tuesday. $85.80 million flowed into the stock on the tick-up and $58.41 million flowed out of the stock on the tick-down, for a money net flow of $27.39 million into the stock. Of all companies tracked, General Dynamics had the 16th highest net in-flow for the day. General Dynamics traded down ($2.96) for the day and closed at $200.49

A number of equities research analysts recently weighed in on GD shares. Jefferies Group reissued a “buy” rating and set a $236.00 price target on shares of General Dynamics in a research note on Thursday, October 26th. Zacks Investment Research cut shares of General Dynamics from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Cowen restated a “buy” rating and set a $230.00 target price on shares of General Dynamics in a report on Thursday, October 26th. ValuEngine cut shares of General Dynamics from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Finally, JPMorgan Chase & Co. cut shares of General Dynamics from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $225.00 to $215.00 in a report on Tuesday, December 12th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. General Dynamics presently has a consensus rating of “Hold” and an average target price of $218.24.

The company has a quick ratio of 0.93, a current ratio of 1.37 and a debt-to-equity ratio of 0.34. The stock has a market cap of $61,190.00, a price-to-earnings ratio of 20.35, a PEG ratio of 2.23 and a beta of 0.72.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.09. General Dynamics had a net margin of 9.94% and a return on equity of 27.98%. The firm had revenue of $7.58 billion during the quarter, compared to analyst estimates of $7.94 billion. During the same quarter last year, the business earned $2.36 EPS. The company’s revenue was down 1.0% compared to the same quarter last year. equities research analysts anticipate that General Dynamics Co. will post 9.8 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 19th will be issued a dividend of $0.84 per share. The ex-dividend date is Thursday, January 18th. This represents a $3.36 annualized dividend and a yield of 1.64%. General Dynamics’s payout ratio is 33.37%.

In related news, insider John Patrick Casey sold 34,945 shares of General Dynamics stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $201.38, for a total value of $7,037,224.10. Following the completion of the sale, the insider now owns 144,378 shares of the company’s stock, valued at approximately $29,074,841.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Gregory S. Gallopoulos sold 78,370 shares of General Dynamics stock in a transaction on Monday, November 6th. The shares were sold at an average price of $202.93, for a total transaction of $15,903,624.10. The disclosure for this sale can be found here. Insiders own 6.70% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quadrant Capital Group LLC raised its stake in General Dynamics by 6.1% in the 2nd quarter. Quadrant Capital Group LLC now owns 645 shares of the aerospace company’s stock valued at $110,000 after acquiring an additional 37 shares during the period. Vantage Investment Advisors LLC increased its position in shares of General Dynamics by 9.3% during the second quarter. Vantage Investment Advisors LLC now owns 585 shares of the aerospace company’s stock valued at $116,000 after buying an additional 50 shares during the period. Captrust Financial Advisors bought a new stake in shares of General Dynamics during the second quarter valued at about $129,000. WFG Advisors LP increased its position in shares of General Dynamics by 0.3% during the second quarter. WFG Advisors LP now owns 668 shares of the aerospace company’s stock valued at $132,000 after buying an additional 2 shares during the period. Finally, Fieldpoint Private Securities LLC bought a new stake in shares of General Dynamics during the third quarter valued at about $148,000. 86.76% of the stock is owned by institutional investors and hedge funds.

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About General Dynamics

General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.

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