Susquehanna Fundamental Investments LLC Acquires 65,204 Shares of General Dynamics Co. (NYSE:GD)

Susquehanna Fundamental Investments LLC lifted its holdings in shares of General Dynamics Co. (NYSE:GD) by 520.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,742 shares of the aerospace company’s stock after purchasing an additional 65,204 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in General Dynamics were worth $22,556,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in GD. Gladstone Capital Management LLP acquired a new position in General Dynamics during the 4th quarter worth approximately $3,869,000. SWP Financial LLC acquired a new position in General Dynamics during the 4th quarter worth approximately $227,000. Sanibel Captiva Trust Company Inc. acquired a new position in General Dynamics during the 4th quarter worth approximately $28,107,000. Evercore Wealth Management LLC raised its stake in General Dynamics by 1.5% during the 4th quarter. Evercore Wealth Management LLC now owns 5,355 shares of the aerospace company’s stock worth $1,391,000 after buying an additional 78 shares during the period. Finally, TD Asset Management Inc raised its stake in General Dynamics by 7.2% during the 4th quarter. TD Asset Management Inc now owns 80,280 shares of the aerospace company’s stock worth $20,846,000 after buying an additional 5,405 shares during the period. Institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling at General Dynamics

In other news, Director Peter A. Wall sold 1,320 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $308.05, for a total value of $406,626.00. Following the completion of the transaction, the director now directly owns 3,592 shares of the company’s stock, valued at $1,106,515.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.52% of the stock is owned by corporate insiders.

General Dynamics Price Performance

Shares of NYSE GD opened at $300.07 on Friday. The stock has a fifty day simple moving average of $296.08 and a two-hundred day simple moving average of $292.00. General Dynamics Co. has a 1-year low of $214.53 and a 1-year high of $309.97. The firm has a market cap of $82.33 billion, a price-to-earnings ratio of 24.48, a price-to-earnings-growth ratio of 1.68 and a beta of 0.61. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.33.

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

General Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 11th will be issued a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 1.89%. The ex-dividend date is Friday, October 11th. General Dynamics’s dividend payout ratio (DPR) is 46.33%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Robert W. Baird reaffirmed an “outperform” rating and set a $345.00 price target on shares of General Dynamics in a research note on Tuesday, July 2nd. Royal Bank of Canada reissued an “outperform” rating and issued a $320.00 price objective on shares of General Dynamics in a research note on Thursday, July 25th. Wells Fargo & Company increased their price objective 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 increased their price objective on General Dynamics from $310.00 to $325.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th. Finally, Morgan Stanley raised General Dynamics from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $293.00 to $345.00 in a research note on Friday, August 9th. Five 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $318.41.

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.