Gideon Capital Advisors Inc. Takes Position in General Dynamics Co. (GD)

Gideon Capital Advisors Inc. purchased a new stake in shares of General Dynamics Co. (NYSE:GD) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,371 shares of the aerospace company’s stock, valued at approximately $216,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Victory Capital Management Inc. boosted its stake in shares of General Dynamics by 38.0% in the third quarter. Victory Capital Management Inc. now owns 28,244 shares of the aerospace company’s stock worth $5,782,000 after acquiring an additional 7,774 shares during the last quarter. Stone Ridge Asset Management LLC boosted its stake in shares of General Dynamics by 105.6% in the third quarter. Stone Ridge Asset Management LLC now owns 2,920 shares of the aerospace company’s stock worth $598,000 after acquiring an additional 1,500 shares during the last quarter. Ffcm LLC boosted its stake in shares of General Dynamics by 504.1% in the third quarter. Ffcm LLC now owns 53,032 shares of the aerospace company’s stock worth $126,000 after acquiring an additional 44,253 shares during the last quarter. MML Investors Services LLC boosted its stake in General Dynamics by 27.1% during the third quarter. MML Investors Services LLC now owns 32,244 shares of the aerospace company’s stock worth $6,601,000 after buying an additional 6,881 shares during the last quarter. Finally, Commonwealth Bank of Australia boosted its stake in General Dynamics by 1.6% during the third quarter. Commonwealth Bank of Australia now owns 25,401 shares of the aerospace company’s stock worth $5,196,000 after buying an additional 400 shares during the last quarter. Institutional investors own 87.49% of the company’s stock.

Shares of General Dynamics stock opened at $169.79 on Friday. General Dynamics Co. has a 52 week low of $143.87 and a 52 week high of $229.74. The firm has a market capitalization of $48.94 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 1.57 and a beta of 1.13. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 0.98.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, January 30th. The aerospace company reported $3.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.98 by $0.09. General Dynamics had a return on equity of 28.33% and a net margin of 9.24%. The business had revenue of $10.38 billion for the quarter, compared to analyst estimates of $10.34 billion. During the same quarter in the prior year, the company posted $2.50 EPS. The company’s quarterly revenue was up 25.4% on a year-over-year basis. Equities analysts forecast that General Dynamics Co. will post 11.72 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 12th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Thursday, April 11th. This is a positive change from General Dynamics’s previous quarterly dividend of $0.93. General Dynamics’s dividend payout ratio is 32.57%.

GD has been the topic of a number of recent research reports. Jefferies Financial Group lowered General Dynamics from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $197.00 to $164.00 in a research note on Tuesday, January 8th. Zacks Investment Research raised General Dynamics from a “sell” rating to a “hold” rating in a research note on Tuesday, February 12th. Citigroup lowered their price objective on General Dynamics from $195.00 to $175.00 and set a “neutral” rating on the stock in a research note on Monday, January 14th. Credit Suisse Group reissued a “buy” rating and set a $190.00 price objective on shares of General Dynamics in a research note on Monday, January 14th. Finally, Drexel Hamilton reissued a “buy” rating and set a $230.00 price objective on shares of General Dynamics in a research note on Monday, February 4th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $207.88.

In related news, Director Lester L. Lyles sold 4,580 shares of the business’s stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $172.42, for a total value of $789,683.60. Following the sale, the director now owns 12,314 shares in the company, valued at approximately $2,123,179.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Christopher J. Brady sold 2,327 shares of the business’s stock in a transaction on Monday, February 4th. The shares were sold at an average price of $171.23, for a total value of $398,452.21. Following the completion of the sale, the vice president now owns 5,134 shares in the company, valued at approximately $879,094.82. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,547 shares of company stock worth $3,609,299. Corporate insiders own 6.90% of the company’s stock.

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General Dynamics Profile

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates in five segments: Aerospace, Combat Systems, Information Technology, Mission Systems, and Marine Systems. The Aerospace segment designs, manufactures, and supports business-jet aircraft; and offers business-aviation services, including maintenance, fixed-base operation, government fleet, aircraft management, charter, and staffing services, as well as integrated aviation solutions.

Further Reading: Beta

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

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