Fagan Associates Inc. Has $488,000 Stake in General Dynamics Co. (GD)

Fagan Associates Inc. lowered its position in General Dynamics Co. (NYSE:GD) by 22.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,400 shares of the aerospace company’s stock after selling 689 shares during the period. Fagan Associates Inc.’s holdings in General Dynamics were worth $488,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Janus Henderson Group PLC grew its position in shares of General Dynamics by 6.1% in the 3rd quarter. Janus Henderson Group PLC now owns 5,302,868 shares of the aerospace company’s stock worth $1,090,164,000 after buying an additional 304,175 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in shares of General Dynamics by 2,097.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,711,597 shares of the aerospace company’s stock worth $353,351,000 after buying an additional 1,633,700 shares during the last quarter. Bank of Montreal Can grew its position in shares of General Dynamics by 15.0% in the 4th quarter. Bank of Montreal Can now owns 1,557,931 shares of the aerospace company’s stock worth $316,962,000 after buying an additional 202,628 shares during the last quarter. Capital International Investors grew its position in General Dynamics by 9.5% during the 3rd quarter. Capital International Investors now owns 1,472,000 shares of the aerospace company’s stock worth $302,614,000 after purchasing an additional 128,000 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in General Dynamics by 3.2% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 988,582 shares of the aerospace company’s stock worth $201,128,000 after purchasing an additional 30,588 shares during the last quarter. 87.03% of the stock is currently owned by hedge funds and other institutional investors.

General Dynamics Co. (GD) opened at $218.25 on Thursday. 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 12 month low of $183.72 and a 12 month high of $229.54. The stock has a market cap of $64,810.00, a price-to-earnings ratio of 21.85, a P/E/G ratio of 2.24 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.13. General Dynamics had a net margin of 9.40% and a return on equity of 27.22%. The firm had revenue of $8.28 billion during the quarter, compared to analysts’ expectations of $8.40 billion. During the same period in the previous year, the business posted $1.89 EPS. The business’s revenue was up 8.1% compared to the same quarter last year. research analysts anticipate that General Dynamics Co. will post 11.1 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Friday, January 19th were paid a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Thursday, January 18th. General Dynamics’s dividend payout ratio is currently 33.63%.

Several analysts have weighed in on GD shares. Stifel Nicolaus boosted their target price on shares of General Dynamics from $200.00 to $210.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. Royal Bank of Canada set a $239.00 target price on shares of General Dynamics and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Zacks Investment Research downgraded shares of General Dynamics from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Cowen reissued a “buy” rating and set a $230.00 target price on shares of General Dynamics in a research report on Thursday, October 19th. Finally, Jefferies Group reissued a “buy” rating and set a $237.00 target price 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 assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $232.09.

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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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