906 Shares in General Dynamics Co. (NYSE:GD) Acquired by Hourglass Capital LLC

Hourglass Capital LLC purchased a new stake in General Dynamics Co. (NYSE:GD) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 906 shares of the aerospace company’s stock, valued at approximately $263,000.

Several other large investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its holdings in General Dynamics by 2.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,782,612 shares of the aerospace company’s stock valued at $1,351,041,000 after purchasing an additional 115,063 shares during the period. Sanders Capital LLC boosted its holdings in General Dynamics by 3.7% in the 4th quarter. Sanders Capital LLC now owns 4,164,857 shares of the aerospace company’s stock valued at $1,081,488,000 after purchasing an additional 147,800 shares during the period. Norges Bank bought a new position in General Dynamics in the 4th quarter valued at $728,284,000. Northern Trust Corp boosted its holdings in General Dynamics by 1.1% in the 4th quarter. Northern Trust Corp now owns 2,282,757 shares of the aerospace company’s stock valued at $592,764,000 after purchasing an additional 24,395 shares during the period. Finally, Boston Partners boosted its holdings in General Dynamics by 1.4% in the 1st quarter. Boston Partners now owns 1,680,666 shares of the aerospace company’s stock valued at $474,927,000 after purchasing an additional 23,262 shares during the period. 86.14% of the stock is owned by institutional investors.

General Dynamics Stock Up 0.2 %

General Dynamics stock opened at $297.96 on Friday. The business’s 50-day simple moving average is $290.74 and its two-hundred day simple moving average is $288.67. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.80 and a current ratio of 1.33. The company has a market cap of $81.75 billion, a PE ratio of 24.25, a PEG ratio of 1.64 and a beta of 0.61. General Dynamics Co. has a fifty-two week low of $214.53 and a fifty-two week high of $302.75.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.30 by ($0.04). General Dynamics had a return on equity of 16.74% and a net margin of 7.89%. The business had revenue of $11.98 billion for the quarter, compared to analysts’ expectations of $11.46 billion. During the same period last year, the business earned $2.70 EPS. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. Equities analysts anticipate that General Dynamics Co. will post 14.52 EPS for the current year.

General Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 11th will be issued a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.91%. The ex-dividend date is Friday, October 11th. General Dynamics’s payout ratio is presently 46.33%.

Analyst Ratings Changes

Several analysts have recently weighed in on GD shares. Wells Fargo & Company raised their price objective on shares of General Dynamics from $330.00 to $334.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Royal Bank of Canada restated an “outperform” rating and set a $320.00 price objective on shares of General Dynamics in a research report on Thursday, July 25th. Robert W. Baird restated an “outperform” rating and issued a $345.00 price objective on shares of General Dynamics in a research report on Tuesday, July 2nd. BTIG Research began coverage on shares of General Dynamics in a research note on Wednesday, June 26th. They set a “buy” rating and a $345.00 target price on the stock. Finally, Sanford C. Bernstein lifted their target price on shares of General Dynamics from $290.00 to $302.00 and gave the company a “market perform” rating in a research note on Thursday, May 23rd. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $315.06.

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.