Robeco Institutional Asset Management B.V. lowered its position in shares of General Dynamics Co. (NYSE:GD) by 0.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 163,077 shares of the aerospace company’s stock after selling 544 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.05% of General Dynamics worth $33,179,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of GD. Teachers Advisors LLC lifted its stake in General Dynamics by 22.0% during the second quarter. Teachers Advisors LLC now owns 705,628 shares of the aerospace company’s stock worth $139,785,000 after purchasing an additional 127,102 shares during the last quarter. TIAA CREF Investment Management LLC lifted its stake in General Dynamics by 21.1% during the second quarter. TIAA CREF Investment Management LLC now owns 2,191,063 shares of the aerospace company’s stock worth $434,050,000 after purchasing an additional 381,706 shares during the last quarter. Fort Washington Investment Advisors Inc. OH lifted its stake in General Dynamics by 3.7% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 5,054 shares of the aerospace company’s stock worth $1,001,000 after purchasing an additional 181 shares during the last quarter. Strategic Advisors LLC lifted its stake in General Dynamics by 5.0% during the second quarter. Strategic Advisors LLC now owns 1,801 shares of the aerospace company’s stock worth $357,000 after purchasing an additional 85 shares during the last quarter. Finally, Chemical Bank increased its holdings in shares of General Dynamics by 1.5% in the second quarter. Chemical Bank now owns 10,374 shares of the aerospace company’s stock worth $2,055,000 after buying an additional 157 shares during the period. 87.26% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently commented on GD. Zacks Investment Research upgraded General Dynamics from a “hold” rating to a “buy” rating and set a $252.00 price objective on the stock in a report on Friday, February 2nd. Citigroup lifted their price objective on General Dynamics from $215.00 to $235.00 and gave the stock a “neutral” rating in a report on Thursday, January 25th. Royal Bank of Canada set a $246.00 price objective on General Dynamics and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Wells Fargo & Co lifted their price objective on General Dynamics from $225.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Finally, Buckingham Research reiterated a “buy” rating and issued a $260.00 price objective (up previously from $230.00) on shares of General Dynamics in a report on Tuesday, January 30th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $231.94.
General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.13. General Dynamics had a return on equity of 27.22% and a net margin of 9.40%. The company had revenue of $8.28 billion for the quarter, compared to the consensus estimate of $8.40 billion. During the same quarter in the previous year, the business earned $1.89 EPS. General Dynamics’s revenue was up 8.1% compared to the same quarter last year. equities analysts forecast that General Dynamics Co. will post 11.1 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Friday, January 19th were issued a dividend of $0.84 per share. The ex-dividend date was Thursday, January 18th. This represents a $3.36 dividend on an annualized basis and a yield of 1.58%. General Dynamics’s dividend payout ratio is presently 35.18%.
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General Dynamics 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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