Bristol John W & Co. Inc. NY Takes $952,000 Position in General Dynamics Co. (GD)

Bristol John W & Co. Inc. NY bought a new stake in shares of General Dynamics Co. (NYSE:GD) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,308 shares of the aerospace company’s stock, valued at approximately $952,000.

Several other large investors have also recently bought and sold shares of GD. American Century Companies Inc. boosted its position in shares of General Dynamics by 9,395.8% during the 4th quarter. American Century Companies Inc. now owns 452,570 shares of the aerospace company’s stock valued at $92,075,000 after acquiring an additional 447,804 shares during the last quarter. Renaissance Technologies LLC raised its holdings in General Dynamics by 119.3% in the 4th quarter. Renaissance Technologies LLC now owns 703,800 shares of the aerospace company’s stock valued at $143,188,000 after buying an additional 382,883 shares during the period. Two Sigma Investments LP raised its holdings in General Dynamics by 129.2% in the 4th quarter. Two Sigma Investments LP now owns 482,813 shares of the aerospace company’s stock valued at $98,228,000 after buying an additional 272,166 shares during the period. The Manufacturers Life Insurance Company raised its holdings in General Dynamics by 92.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 536,987 shares of the aerospace company’s stock valued at $109,250,000 after buying an additional 258,450 shares during the period. Finally, Schroder Investment Management Group raised its holdings in General Dynamics by 597.6% in the 4th quarter. Schroder Investment Management Group now owns 204,712 shares of the aerospace company’s stock valued at $41,648,000 after buying an additional 175,368 shares during the period. 86.09% of the stock is owned by hedge funds and other institutional investors.

General Dynamics opened at $195.82 on Friday, MarketBeat reports. General Dynamics Co. has a 12 month low of $191.00 and a 12 month high of $230.00. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.34 and a quick ratio of 0.98. The company has a market cap of $59.91 billion, a PE ratio of 19.68, a P/E/G ratio of 1.95 and a beta of 0.83.



General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, April 25th. The aerospace company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.49 by $0.16. General Dynamics had a return on equity of 26.83% and a net margin of 9.49%. The business had revenue of $7.50 billion during the quarter, compared to analysts’ expectations of $7.56 billion. During the same quarter last year, the business posted $2.48 earnings per share. The business’s revenue for the quarter was up .8% on a year-over-year basis. sell-side analysts anticipate that General Dynamics Co. will post 11.12 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 10th. Shareholders of record on Friday, July 6th will be paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend is Thursday, July 5th. General Dynamics’s payout ratio is 37.39%.

A number of analysts have issued reports on the stock. Zacks Investment Research lowered shares of General Dynamics from a “buy” rating to a “hold” rating in a research note on Monday, March 12th. Royal Bank of Canada boosted their price target on shares of General Dynamics to $267.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. Cowen restated an “outperform” rating and set a $253.00 target price (up from $230.00) on shares of General Dynamics in a research note on Monday, February 26th. Morgan Stanley upped their target price on shares of General Dynamics from $209.00 to $225.00 and gave the stock an “underweight” rating in a research note on Friday, February 23rd. Finally, ValuEngine upgraded shares of General Dynamics from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. General Dynamics currently has an average rating of “Hold” and a consensus price target of $241.12.

General Dynamics Company Profile

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four business groups: Aerospace; Combat Systems; Information Systems and Technology; and Marine Systems. The Aerospace group designs, develops, manufactures, service and supports business-jet aircraft; and provides aircraft services, such as maintenance, aircraft management, charter, fixed-base operational, and staffing services.

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

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