Neuburgh Advisers LLC Has $1.97 Million Holdings in General Dynamics Co. (NYSE:GD)

Neuburgh Advisers LLC lifted its position in shares of General Dynamics Co. (NYSE:GD) by 16.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,662 shares of the aerospace company’s stock after purchasing an additional 1,666 shares during the period. Neuburgh Advisers LLC’s holdings in General Dynamics were worth $1,974,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of GD. Oregon Public Employees Retirement Fund increased its position in shares of General Dynamics by 14,601.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,581,635 shares of the aerospace company’s stock worth $61,000 after purchasing an additional 9,516,460 shares in the last quarter. Ellis Investment Partners LLC grew its holdings in shares of General Dynamics by 16,833.7% during the first quarter. Ellis Investment Partners LLC now owns 960,820 shares of the aerospace company’s stock worth $960,000 after buying an additional 955,146 shares during the last quarter. Vanguard Group Inc grew its holdings in shares of General Dynamics by 1.7% during the third quarter. Vanguard Group Inc now owns 20,905,951 shares of the aerospace company’s stock worth $4,279,866,000 after buying an additional 357,032 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of General Dynamics by 35.1% during the fourth quarter. California Public Employees Retirement System now owns 1,172,516 shares of the aerospace company’s stock worth $184,331,000 after buying an additional 304,454 shares during the last quarter. Finally, Ceredex Value Advisors LLC purchased a new position in shares of General Dynamics during the fourth quarter worth about $41,069,000. Institutional investors and hedge funds own 86.48% of the company’s stock.

In other news, EVP John Patrick Casey sold 45,470 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $172.46, for a total transaction of $7,841,756.20. Following the completion of the sale, the executive vice president now directly owns 148,133 shares of the company’s stock, valued at approximately $25,547,017.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 7.10% of the stock is owned by insiders.

A number of equities research analysts have weighed in on GD shares. UBS Group lifted their price objective on General Dynamics from $175.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Zacks Investment Research downgraded General Dynamics from a “buy” rating to a “hold” rating in a research report on Friday, May 17th. Morgan Stanley lifted their price objective on General Dynamics from $170.00 to $171.00 and gave the stock an “underweight” rating in a research report on Friday. JPMorgan Chase & Co. upgraded General Dynamics from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $188.00 to $200.00 in a research report on Thursday, April 25th. They noted that the move was a valuation call. Finally, Cowen restated a “buy” rating and set a $202.00 price objective on shares of General Dynamics in a research report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $196.22.

Shares of GD opened at $172.02 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.82. The firm has a market capitalization of $49.12 billion, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 1.63 and a beta of 1.15. General Dynamics Co. has a fifty-two week low of $143.87 and a fifty-two week high of $207.72.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, April 24th. The aerospace company reported $2.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.38 by $0.18. The company had revenue of $9.26 billion during the quarter, compared to the consensus estimate of $8.90 billion. General Dynamics had a return on equity of 27.62% and a net margin of 8.68%. General Dynamics’s revenue was up 22.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.65 EPS. On average, analysts forecast that General Dynamics Co. will post 11.76 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, July 5th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $4.08 annualized dividend and a yield of 2.37%. General Dynamics’s dividend payout ratio (DPR) is presently 35.73%.

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General Dynamics Company 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: What is a Buy-Side Analyst?

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

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