Vanguard Personalized Indexing Management LLC Purchases 3,408 Shares of General Dynamics Co. (NYSE:GD)

by · The Cerbat Gem

Vanguard Personalized Indexing Management LLC boosted its position in General Dynamics Co. (NYSE:GD – Free Report) by 14.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,802 shares of the aerospace company’s stock after acquiring an additional 3,408 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in General Dynamics were worth $8,065,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GD. Richardson Financial Services Inc. bought a new stake in General Dynamics in the 4th quarter worth $25,000. Redmont Wealth Advisors LLC bought a new stake in shares of General Dynamics during the 1st quarter valued at about $25,000. Financial Synergies Wealth Advisors Inc. bought a new stake in shares of General Dynamics during the 1st quarter valued at about $29,000. New Covenant Trust Company N.A. bought a new stake in shares of General Dynamics during the 1st quarter valued at about $29,000. Finally, American Capital Advisory LLC bought a new stake in shares of General Dynamics during the 2nd quarter valued at about $29,000. Institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Down 1.2 %

GD opened at $303.85 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.33. The firm has a 50 day moving average price of $293.51 and a 200-day moving average price of $290.56. General Dynamics Co. has a twelve month low of $214.53 and a twelve month high of $309.97. The stock has a market capitalization of $83.37 billion, a price-to-earnings ratio of 24.78, a PEG ratio of 1.64 and a beta of 0.61.

General Dynamics (NYSE:GD – Get Free Report) last posted its quarterly earnings results on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share for the quarter, missing analysts’ consensus estimates of $3.30 by ($0.04). The firm had revenue of $11.98 billion during the quarter, compared to the consensus estimate of $11.46 billion. General Dynamics had a return on equity of 16.74% and a net margin of 7.89%. The business’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.70 earnings per share. Equities research analysts forecast that General Dynamics Co. will post 14.52 earnings per share for the current year.

General Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 11th will be given a $1.42 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.87%. General Dynamics’s payout ratio is currently 46.33%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on GD shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of General Dynamics in a research note on Monday, July 29th. Robert W. Baird reissued an “outperform” rating and set a $345.00 price target on shares of General Dynamics in a research report on Tuesday, July 2nd. Sanford C. Bernstein lifted their price target on shares of General Dynamics from $290.00 to $302.00 and gave the company a “market perform” rating in a research report on Thursday, May 23rd. Wells Fargo & Company lifted their price target on shares of General Dynamics from $330.00 to $334.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Finally, Barclays lifted their price target on shares of General Dynamics from $310.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $315.06.

Get Our Latest Stock Analysis on GD

About General Dynamics

(Free Report)

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.

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