Cairn Investment Group Inc. grew its stake in General Dynamics Co. (NYSE:GD – Get Rating) by 4.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,101 shares of the aerospace company’s stock after purchasing an additional 275 shares during the period. General Dynamics makes up about 1.3% of Cairn Investment Group Inc.’s holdings, making the stock its 27th largest holding. Cairn Investment Group Inc.’s holdings in General Dynamics were worth $1,762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. GoalVest Advisory LLC acquired a new stake in shares of General Dynamics in the 4th quarter worth $25,000. MADDEN SECURITIES Corp acquired a new stake in General Dynamics during the fourth quarter worth about $25,000. Certified Advisory Corp purchased a new position in General Dynamics during the first quarter worth about $25,000. Wagner Wealth Management LLC purchased a new stake in shares of General Dynamics in the 2nd quarter valued at approximately $32,000. Finally, Coston McIsaac & Partners acquired a new stake in shares of General Dynamics during the 2nd quarter worth approximately $32,000. Institutional investors and hedge funds own 84.83% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on the company. Cowen increased their price objective on General Dynamics from $260.00 to $285.00 in a research report on Tuesday, January 3rd. Citigroup decreased their target price on shares of General Dynamics from $298.00 to $283.00 and set a “buy” rating on the stock in a research report on Thursday, January 26th. Robert W. Baird dropped their price target on shares of General Dynamics from $290.00 to $268.00 in a research report on Thursday, January 26th. StockNews.com lowered shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Monday, March 13th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of General Dynamics from $260.00 to $245.00 and set an “overweight” rating for the company in a research report on Friday, January 27th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $267.15.
Insider Buying and Selling
General Dynamics Price Performance
General Dynamics stock opened at $218.15 on Friday. The company’s 50 day moving average is $231.53 and its two-hundred day moving average is $236.84. The firm has a market cap of $59.87 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 2.01 and a beta of 0.84. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.50. General Dynamics Co. has a 52-week low of $207.42 and a 52-week high of $256.86.
General Dynamics (NYSE:GD – Get Rating) last released its earnings results on Wednesday, January 25th. The aerospace company reported $3.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.53 by $0.05. General Dynamics had a return on equity of 18.93% and a net margin of 8.60%. The firm had revenue of $10.85 billion during the quarter, compared to analyst estimates of $10.66 billion. During the same period last year, the business posted $3.39 earnings per share. General Dynamics’s revenue was up 5.4% compared to the same quarter last year. On average, research analysts expect that General Dynamics Co. will post 12.74 EPS for the current fiscal year.
General Dynamics Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, May 12th. Investors of record on Friday, April 14th will be issued a $1.32 dividend. This is a boost from General Dynamics’s previous quarterly dividend of $1.26. The ex-dividend date is Thursday, April 13th. This represents a $5.28 annualized dividend and a yield of 2.42%. General Dynamics’s dividend payout ratio (DPR) is 41.31%.
About General Dynamics
General Dynamics Corp. is a global aerospace and defense company, which engages in design, engineering, and manufacturing to deliver state-of-the-art solutions. It operates through the following business segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment designs, manufactures, and sells business jets.
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