Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in General Dynamics Co. (NYSE:GD) by 10.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,356 shares of the aerospace company’s stock after acquiring an additional 12,031 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in General Dynamics were worth $19,697,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Advisory Alpha LLC acquired a new position in shares of General Dynamics during the 3rd quarter worth approximately $26,000. Horan Capital Advisors LLC. bought a new position in shares of General Dynamics in the third quarter valued at $28,000. DB Wealth Management Group LLC acquired a new position in General Dynamics during the fourth quarter worth $28,000. Birchcreek Wealth Management LLC bought a new stake in General Dynamics during the fourth quarter worth $29,000. Finally, Safir Wealth Advisors LLC bought a new position in shares of General Dynamics in the 4th quarter valued at about $30,000. 84.48% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently weighed in on GD shares. Morgan Stanley decreased their target price on General Dynamics from $161.00 to $149.00 and set an “underweight” rating on the stock in a report on Monday, February 8th. Credit Suisse Group cut their price objective on shares of General Dynamics from $156.00 to $140.00 and set a “neutral” rating for the company in a report on Thursday, October 29th. They noted that the move was a valuation call. Susquehanna Bancshares raised their target price on shares of General Dynamics from $162.00 to $180.00 and gave the stock a “positive” rating in a report on Friday, January 29th. TheStreet upgraded shares of General Dynamics from a “c+” rating to a “b-” rating in a research report on Thursday, December 17th. Finally, Susquehanna increased their price target on General Dynamics from $162.00 to $180.00 and gave the stock a “positive” rating in a research report on Friday, January 29th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. General Dynamics currently has a consensus rating of “Hold” and a consensus price target of $162.07.
GD opened at $166.42 on Tuesday. The stock has a market cap of $47.64 billion, a PE ratio of 15.10, a price-to-earnings-growth ratio of 2.40 and a beta of 1.03. The company has a quick ratio of 0.90, a current ratio of 1.29 and a debt-to-equity ratio of 0.68. General Dynamics Co. has a twelve month low of $100.55 and a twelve month high of $185.65. The company has a fifty day moving average of $155.26 and a 200-day moving average of $149.10.
General Dynamics (NYSE:GD) last issued its quarterly earnings results on Tuesday, January 26th. The aerospace company reported $3.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.54 by ($0.05). General Dynamics had a return on equity of 23.00% and a net margin of 8.33%. The business had revenue of $10.48 billion for the quarter, compared to analyst estimates of $10.76 billion. During the same quarter in the previous year, the business posted $3.51 earnings per share. The business’s revenue was down 2.7% on a year-over-year basis. Sell-side analysts anticipate that General Dynamics Co. will post 11.06 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, February 5th. Investors of record on Friday, January 15th were given a dividend of $1.10 per share. The ex-dividend date was Thursday, January 14th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.64%. General Dynamics’s payout ratio is presently 36.73%.
About General Dynamics
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.
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