Monument Capital Management Buys New Holdings in General Dynamics Co. (GD)

Monument Capital Management bought a new stake in General Dynamics Co. (NYSE:GD) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 9,795 shares of the aerospace company’s stock, valued at approximately $1,992,000.

Other institutional investors have also recently modified their holdings of the company. Quadrant Capital Group LLC boosted its holdings in General Dynamics by 6.1% in the second quarter. Quadrant Capital Group LLC now owns 645 shares of the aerospace company’s stock valued at $110,000 after acquiring an additional 37 shares during the last quarter. Resources Investment Advisors Inc. boosted its holdings in General Dynamics by 92.3% in the fourth quarter. Resources Investment Advisors Inc. now owns 625 shares of the aerospace company’s stock valued at $127,000 after acquiring an additional 300 shares during the last quarter. WFG Advisors LP boosted its holdings in General Dynamics by 0.3% in the second quarter. WFG Advisors LP now owns 668 shares of the aerospace company’s stock valued at $132,000 after acquiring an additional 2 shares during the last quarter. Fieldpoint Private Securities LLC acquired a new position in General Dynamics in the third quarter valued at $148,000. Finally, Sit Investment Associates Inc. boosted its holdings in General Dynamics by 170.0% in the fourth quarter. Sit Investment Associates Inc. now owns 953 shares of the aerospace company’s stock valued at $194,000 after acquiring an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

General Dynamics Co. (GD) opened at $212.46 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 1.40 and a debt-to-equity ratio of 0.35. General Dynamics Co. has a one year low of $181.94 and a one year high of $229.54. The company has a market capitalization of $62,710.30, a PE ratio of 22.25, a P/E/G ratio of 2.24 and a beta of 0.85.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $2.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.37 by $0.13. General Dynamics had a return on equity of 27.22% and a net margin of 9.40%. The business had revenue of $8.28 billion for the quarter, compared to analysts’ expectations of $8.40 billion. During the same quarter in the previous year, the firm posted $1.89 earnings per share. The company’s revenue was up 8.1% compared to the same quarter last year. analysts forecast that General Dynamics Co. will post 11.1 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, January 19th will be paid a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Thursday, January 18th. General Dynamics’s dividend payout ratio (DPR) is 35.18%.

A number of research analysts recently weighed in on the company. Citigroup lifted their target price on General Dynamics from $215.00 to $235.00 and gave the company a “neutral” rating in a report on Thursday, January 25th. Cowen restated a “buy” rating and set a $230.00 price objective on shares of General Dynamics in a research note on Thursday, October 26th. Bank of America boosted their price objective on General Dynamics from $245.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Jefferies Group restated a “buy” rating and set a $237.00 price objective on shares of General Dynamics in a research note on Monday, January 8th. Finally, Zacks Investment Research upgraded General Dynamics from a “hold” rating to a “buy” rating and set a $238.00 price objective on the stock in a research note on Thursday, October 26th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $231.94.

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General Dynamics Profile

General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.

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Institutional Ownership by Quarter for General Dynamics (NYSE:GD)

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