North Star Investment Management Corp. Acquires 139 Shares of General Dynamics Co. (NYSE:GD)

North Star Investment Management Corp. raised its holdings in General Dynamics Co. (NYSE:GD) by 9.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,621 shares of the aerospace company’s stock after buying an additional 139 shares during the period. North Star Investment Management Corp.’s holdings in General Dynamics were worth $241,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of GD. Texas Yale Capital Corp. raised its holdings in shares of General Dynamics by 0.8% in the 3rd quarter. Texas Yale Capital Corp. now owns 8,993 shares of the aerospace company’s stock worth $1,245,000 after acquiring an additional 75 shares during the last quarter. TRUE Private Wealth Advisors lifted its holdings in shares of General Dynamics by 18.6% in the fourth quarter. TRUE Private Wealth Advisors now owns 492 shares of the aerospace company’s stock valued at $73,000 after purchasing an additional 77 shares in the last quarter. Cornell Pochily Investment Advisors Inc. boosted its position in shares of General Dynamics by 4.3% during the third quarter. Cornell Pochily Investment Advisors Inc. now owns 1,902 shares of the aerospace company’s stock valued at $263,000 after buying an additional 79 shares during the last quarter. Flagship Harbor Advisors LLC grew its holdings in General Dynamics by 1.6% during the third quarter. Flagship Harbor Advisors LLC now owns 5,421 shares of the aerospace company’s stock worth $750,000 after buying an additional 87 shares in the last quarter. Finally, Xponance Inc. raised its position in General Dynamics by 0.8% in the 3rd quarter. Xponance Inc. now owns 10,905 shares of the aerospace company’s stock valued at $1,510,000 after buying an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 77.11% of the company’s stock.

GD opened at $152.63 on Thursday. The company has a 50 day moving average of $151.11 and a 200 day moving average of $147.17. The company has a current ratio of 1.29, a quick ratio of 0.90 and a debt-to-equity ratio of 0.68. General Dynamics Co. has a 12 month low of $100.55 and a 12 month high of $190.08. The company has a market cap of $43.80 billion, a PE ratio of 13.85, a price-to-earnings-growth ratio of 2.43 and a beta of 1.05.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, October 28th. The aerospace company reported $2.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.85 by $0.05. The company had revenue of $9.43 billion during the quarter, compared to analysts’ expectations of $9.60 billion. General Dynamics had a return on equity of 23.00% and a net margin of 8.33%. Research analysts forecast that General Dynamics Co. will post 11.06 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 5th. Stockholders of record on Friday, January 15th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Thursday, January 14th. General Dynamics’s dividend payout ratio is presently 36.73%.

In related news, VP William A. Moss sold 4,713 shares of the business’s stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $138.54, for a total transaction of $652,939.02. Following the completion of the transaction, the vice president now owns 12,753 shares of the company’s stock, valued at $1,766,800.62. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 6.60% of the company’s stock.

Several analysts have recently issued reports on the stock. BidaskClub lowered shares of General Dynamics from a “sell” rating to a “strong sell” rating in a research note on Wednesday, December 23rd. The Goldman Sachs Group downgraded shares of General Dynamics from a “buy” rating to a “sell” rating and reduced their price objective for the stock from $205.00 to $138.00 in a research report on Thursday, September 17th. Credit Suisse Group dropped their target price on shares of General Dynamics from $156.00 to $140.00 and set a “neutral” rating on the stock in a research report on Thursday, October 29th. They noted that the move was a valuation call. Barclays reduced their target price on General Dynamics from $170.00 to $165.00 and set an “overweight” rating for the company in a report on Thursday, October 1st. They noted that the move was a valuation call. Finally, TheStreet upgraded General Dynamics from a “c+” rating to a “b-” rating in a report on Thursday, December 17th. Four analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. General Dynamics currently has a consensus rating of “Hold” and a consensus price target of $169.53.

General Dynamics Company Profile

General Dynamics Corp. is an aerospace and defense company, which engages in the provision of tanks, rockets, missiles, submarines, warships, fighters and electronics to all of the military services. It operates through the following segments: Aerospace, Combat Systems, Information Technology, Mission Systems and Marine Systems.

Read More: Total Return

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

Receive News & Ratings for General Dynamics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Dynamics and related companies with MarketBeat.com's FREE daily email newsletter.