General Dynamics Co. (NYSE:GD) Shares Acquired by Meeder Asset Management Inc.

Meeder Asset Management Inc. raised its holdings in shares of General Dynamics Co. (NYSE:GD) by 385.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 131 shares of the aerospace company’s stock after acquiring an additional 104 shares during the period. Meeder Asset Management Inc.’s holdings in General Dynamics were worth $38,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of GD. Redmont Wealth Advisors LLC purchased a new position in shares of General Dynamics during the 1st quarter valued at approximately $25,000. Richardson Financial Services Inc. purchased a new position in shares of General Dynamics during the 4th quarter valued at approximately $25,000. American Capital Advisory LLC purchased a new position in shares of General Dynamics during the 2nd quarter valued at approximately $29,000. Financial Synergies Wealth Advisors Inc. purchased a new stake in General Dynamics in the 1st quarter worth $29,000. Finally, New Covenant Trust Company N.A. purchased a new stake in General Dynamics in the 1st quarter worth $29,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

GD has been the subject of several recent analyst reports. Robert W. Baird reissued an “outperform” rating and issued a $345.00 price target on shares of General Dynamics in a report on Tuesday, July 2nd. Wells Fargo & Company boosted their price target on shares of General Dynamics from $330.00 to $334.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. BTIG Research initiated coverage on shares of General Dynamics in a report on Wednesday, June 26th. They issued a “buy” rating and a $345.00 price target for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $320.00 price target on shares of General Dynamics in a report on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of General Dynamics in a report on Monday, July 29th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $315.06.

General Dynamics Trading Up 1.4 %

Shares of GD stock opened at $304.80 on Monday. The company’s 50-day moving average price is $292.48 and its 200-day moving average price is $290.09. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.33. The stock has a market cap of $83.63 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 1.64 and a beta of 0.61. General Dynamics Co. has a twelve month low of $214.53 and a twelve month high of $306.51.

General Dynamics (NYSE:GD) last announced its quarterly earnings results 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 analyst estimates of $11.46 billion. During the same period in the previous year, the firm posted $2.70 EPS. The company’s revenue was up 18.0% compared to the same quarter last year. As a group, equities analysts predict that General Dynamics Co. will post 14.52 earnings per share for the current year.

General Dynamics Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, October 11th. This represents a $5.68 dividend on an annualized basis and a yield of 1.86%. General Dynamics’s dividend payout ratio (DPR) is presently 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.