General Dynamics Co. (NYSE:GD) Shares Acquired by Yousif Capital Management LLC

Yousif Capital Management LLC grew its stake in General Dynamics Co. (NYSE:GD) by 0.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 53,182 shares of the aerospace company’s stock after purchasing an additional 66 shares during the quarter. Yousif Capital Management LLC’s holdings in General Dynamics were worth $14,496,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of GD. GAMMA Investing LLC raised its stake in General Dynamics by 34,578.2% during the first quarter. GAMMA Investing LLC now owns 1,244,600 shares of the aerospace company’s stock worth $339,253,000 after acquiring an additional 1,241,011 shares during the period. Castlekeep Investment Advisors LLC acquired a new stake in General Dynamics during the fourth quarter worth about $279,582,000. Raymond James Financial Inc. acquired a new stake in General Dynamics during the fourth quarter worth about $197,238,000. Vanguard Group Inc. raised its stake in General Dynamics by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 23,780,078 shares of the aerospace company’s stock worth $6,265,813,000 after acquiring an additional 706,317 shares during the period. Finally, Capital Research Global Investors raised its stake in General Dynamics by 7.4% during the fourth quarter. Capital Research Global Investors now owns 6,734,148 shares of the aerospace company’s stock worth $1,774,381,000 after acquiring an additional 463,497 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on GD. Cowen reiterated a “buy” rating on shares of General Dynamics in a research note on Thursday, April 24th. Citigroup dropped their price target on shares of General Dynamics from $335.00 to $330.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. TD Securities raised their price target on shares of General Dynamics from $275.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, April 24th. Wells Fargo & Company dropped their price target on shares of General Dynamics from $261.00 to $236.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Finally, William Blair lowered shares of General Dynamics from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, General Dynamics has a consensus rating of “Hold” and a consensus price target of $293.00.

General Dynamics Trading Up 0.1%

General Dynamics stock opened at $277.52 on Wednesday. The firm has a 50 day simple moving average of $272.88 and a 200-day simple moving average of $266.57. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.37 and a quick ratio of 0.82. The stock has a market capitalization of $74.49 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 1.69 and a beta of 0.46. General Dynamics Co. has a 12-month low of $239.20 and a 12-month high of $316.90.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share for the quarter, topping analysts’ consensus estimates of $3.43 by $0.23. The firm had revenue of $12.22 billion during the quarter, compared to analysts’ expectations of $11.92 billion. General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period last year, the firm posted $2.88 earnings per share. As a group, equities research analysts expect that General Dynamics Co. will post 14.83 EPS for the current fiscal year.

General Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Thursday, July 3rd will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Thursday, July 3rd. General Dynamics’s payout ratio is 41.61%.

General Dynamics Profile

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.