General Dynamics Co. (GD) Shares Bought by Cognios Capital LLC

Cognios Capital LLC raised its holdings in General Dynamics Co. (NYSE:GD) by 10.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 9,873 shares of the aerospace company’s stock after acquiring an additional 935 shares during the period. Cognios Capital LLC’s holdings in General Dynamics were worth $2,008,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GD. Quadrant Capital Group LLC grew its holdings in General Dynamics by 6.1% in the 2nd quarter. Quadrant Capital Group LLC now owns 645 shares of the aerospace company’s stock valued at $110,000 after buying an additional 37 shares during the last quarter. Resources Investment Advisors Inc. grew its holdings in General Dynamics by 92.3% in the 4th quarter. Resources Investment Advisors Inc. now owns 625 shares of the aerospace company’s stock valued at $127,000 after buying an additional 300 shares during the last quarter. WFG Advisors LP grew its holdings in General Dynamics by 0.3% in the 2nd quarter. WFG Advisors LP now owns 668 shares of the aerospace company’s stock valued at $132,000 after buying an additional 2 shares during the last quarter. Fieldpoint Private Securities LLC acquired a new stake in General Dynamics in the 3rd quarter valued at approximately $148,000. Finally, Sit Investment Associates Inc. grew its holdings in General Dynamics by 170.0% in the 4th quarter. Sit Investment Associates Inc. now owns 953 shares of the aerospace company’s stock valued at $194,000 after buying an additional 600 shares during the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Shares of General Dynamics Co. (GD) opened at $212.10 on Friday. 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 52-week low of $182.16 and a 52-week high of $229.54. The company has a market capitalization of $63,330.00, a P/E ratio of 22.21, a price-to-earnings-growth ratio of 2.28 and a beta of 0.85.

General Dynamics (NYSE:GD) last posted its 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. The business had revenue of $8.28 billion during the quarter, compared to the consensus estimate of $8.40 billion. General Dynamics had a return on equity of 27.22% and a net margin of 9.40%. General Dynamics’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the company earned $1.89 EPS. sell-side analysts expect that General Dynamics Co. will post 11.1 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Friday, January 19th were given a dividend of $0.84 per share. The ex-dividend date was Thursday, January 18th. This represents a $3.36 annualized dividend and a dividend yield of 1.58%. General Dynamics’s dividend payout ratio (DPR) is presently 35.18%.

A number of analysts have issued reports on GD shares. Stifel Nicolaus raised their target price on General Dynamics from $200.00 to $210.00 and gave the company a “hold” rating in a report on Thursday, October 26th. Royal Bank of Canada set a $239.00 target price on General Dynamics and gave the company a “buy” rating in a report on Wednesday, November 15th. Zacks Investment Research downgraded General Dynamics from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Cowen reiterated a “buy” rating and issued a $230.00 price objective on shares of General Dynamics in a research report on Thursday, October 19th. Finally, Jefferies Group reiterated a “buy” rating and issued a $237.00 price objective on shares of General Dynamics in a research report on Monday, January 8th. Three analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $231.94.

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General Dynamics Company 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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