General Dynamics Co. (NYSE:GD) Shares Purchased by Altrius Capital Management Inc

Altrius Capital Management Inc grew its position in shares of General Dynamics Co. (NYSE:GD) by 0.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,999 shares of the aerospace company’s stock after acquiring an additional 41 shares during the quarter. Altrius Capital Management Inc’s holdings in General Dynamics were worth $4,642,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of GD. 1832 Asset Management L.P. boosted its stake in General Dynamics by 3,645.4% during the 4th quarter. 1832 Asset Management L.P. now owns 558,586 shares of the aerospace company’s stock valued at $145,048,000 after purchasing an additional 543,672 shares during the period. Public Employees Retirement Association of Colorado boosted its position in shares of General Dynamics by 879.9% during the first quarter. Public Employees Retirement Association of Colorado now owns 340,359 shares of the aerospace company’s stock worth $96,148,000 after buying an additional 305,624 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of General Dynamics by 4.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,639,758 shares of the aerospace company’s stock worth $2,216,599,000 after buying an additional 293,316 shares during the period. Hsbc Holdings PLC grew its holdings in General Dynamics by 24.2% in the 2nd quarter. Hsbc Holdings PLC now owns 1,347,247 shares of the aerospace company’s stock worth $391,119,000 after buying an additional 262,164 shares in the last quarter. Finally, Junto Capital Management LP acquired a new stake in General Dynamics in the 4th quarter valued at approximately $43,733,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Activity

In other news, Director Peter A. Wall sold 1,320 shares of General Dynamics stock in a transaction on Monday, September 16th. The stock was sold at an average price of $308.05, for a total transaction of $406,626.00. Following the transaction, the director now owns 3,592 shares in the company, valued at $1,106,515.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.52% of the company’s stock.

Analyst Upgrades and Downgrades

GD has been the subject of several recent analyst reports. Wells Fargo & Company increased their price target on General Dynamics from $330.00 to $334.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Barclays raised their target price on shares of General Dynamics from $310.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. Royal Bank of Canada restated an “outperform” rating and set a $320.00 price target on shares of General Dynamics in a research report on Thursday, July 25th. BTIG Research began coverage on shares of General Dynamics in a report on Wednesday, June 26th. They issued a “buy” rating and a $345.00 price objective for the company. Finally, Sanford C. Bernstein boosted their target price on General Dynamics from $290.00 to $302.00 and gave the stock a “market perform” rating in a report on Thursday, May 23rd. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $315.06.

General Dynamics Trading Down 0.5 %

NYSE:GD opened at $302.40 on Thursday. The stock has a fifty day simple moving average of $293.92 and a 200 day simple moving average of $290.64. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $82.97 billion, a price-to-earnings ratio of 24.67, a price-to-earnings-growth ratio of 1.64 and a beta of 0.61. General Dynamics Co. has a 1-year low of $214.53 and a 1-year high of $309.97.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, July 24th. The aerospace company reported $3.26 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 firm had revenue of $11.98 billion during the quarter, compared to analyst estimates of $11.46 billion. During the same quarter in the previous year, the business earned $2.70 earnings per share. The business’s quarterly revenue was up 18.0% compared to the same quarter last year. Sell-side analysts forecast that General Dynamics Co. will post 14.52 earnings per share for the current year.

General Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 11th will be paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Friday, October 11th. General Dynamics’s dividend payout ratio (DPR) is currently 46.33%.

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.