Harbour Capital Advisors LLC increased its stake in shares of General Dynamics Corporation (NYSE:GD) by 19,710.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 82,212 shares of the aerospace company’s stock after buying an additional 81,797 shares during the period. Harbour Capital Advisors LLC’s holdings in General Dynamics Corporation were worth $415,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of GD. Macquarie Group Ltd. boosted its stake in General Dynamics Corporation by 117.9% in the fourth quarter. Macquarie Group Ltd. now owns 18,300 shares of the aerospace company’s stock valued at $3,160,000 after buying an additional 9,900 shares in the last quarter. Reilly Financial Advisors LLC boosted its stake in General Dynamics Corporation by 7.0% in the first quarter. Reilly Financial Advisors LLC now owns 7,979 shares of the aerospace company’s stock valued at $1,494,000 after buying an additional 522 shares in the last quarter. Telemus Capital LLC bought a new stake in General Dynamics Corporation during the first quarter valued at about $638,000. Somerset Trust Co boosted its stake in General Dynamics Corporation by 1.9% in the first quarter. Somerset Trust Co now owns 11,984 shares of the aerospace company’s stock valued at $2,243,000 after buying an additional 229 shares in the last quarter. Finally, Capital Investment Advisors LLC boosted its stake in General Dynamics Corporation by 4.4% in the first quarter. Capital Investment Advisors LLC now owns 2,247 shares of the aerospace company’s stock valued at $421,000 after buying an additional 95 shares in the last quarter. 86.77% of the stock is currently owned by hedge funds and other institutional investors.
General Dynamics Corporation (NYSE:GD) opened at 198.73 on Friday. The stock’s 50 day moving average is $199.79 and its 200 day moving average is $194.45. The company has a market cap of $59.58 billion, a price-to-earnings ratio of 19.63 and a beta of 0.71. General Dynamics Corporation has a 52-week low of $148.76 and a 52-week high of $205.90.
General Dynamics Corporation (NYSE:GD) last issued its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.43 by $0.02. The company had revenue of $7.68 billion during the quarter, compared to analysts’ expectations of $7.76 billion. General Dynamics Corporation had a return on equity of 28.17% and a net margin of 9.63%. The business’s revenue was down 1.3% on a year-over-year basis. During the same period last year, the business earned $2.30 earnings per share. On average, analysts predict that General Dynamics Corporation will post $9.81 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Friday, October 6th will be issued a dividend of $0.84 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.69%. General Dynamics Corporation’s payout ratio is presently 34.57%.
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Several analysts recently issued reports on GD shares. Vetr cut shares of General Dynamics Corporation from a “hold” rating to a “sell” rating and set a $183.78 price target on the stock. in a report on Monday, April 24th. Royal Bank Of Canada increased their target price on shares of General Dynamics Corporation from $211.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, April 27th. Stifel Nicolaus increased their target price on shares of General Dynamics Corporation from $173.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, April 27th. Jefferies Group LLC reissued a “buy” rating and set a $220.00 target price (up from $200.00) on shares of General Dynamics Corporation in a report on Friday, April 28th. Finally, Barclays PLC reissued an “overweight” rating and set a $210.00 target price (up from $200.00) on shares of General Dynamics Corporation in a report on Monday, May 1st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $206.59.
In other General Dynamics Corporation news, VP Christopher Marzilli sold 43,890 shares of General Dynamics Corporation stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $201.37, for a total transaction of $8,838,129.30. Following the completion of the transaction, the vice president now directly owns 107,857 shares of the company’s stock, valued at $21,719,164.09. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.70% of the stock is currently owned by company insiders.
General Dynamics Corporation Company Profile
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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