Segall Bryant & Hamill LLC boosted its holdings in shares of General Dynamics Co. (NYSE:GD) by 5.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,782 shares of the aerospace company’s stock after buying an additional 229 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in General Dynamics were worth $973,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Highlander Capital Management LLC grew its holdings in General Dynamics by 101.4% during the 4th quarter. Highlander Capital Management LLC now owns 596 shares of the aerospace company’s stock worth $121,000 after acquiring an additional 300 shares during the period. Resources Investment Advisors Inc. grew its holdings in General Dynamics by 92.3% during the 4th quarter. Resources Investment Advisors Inc. now owns 625 shares of the aerospace company’s stock worth $127,000 after acquiring an additional 300 shares during the period. NuWave Investment Management LLC acquired a new stake in General Dynamics during the 4th quarter worth $130,000. Prime Capital Investment Advisors LLC acquired a new stake in General Dynamics during the 4th quarter worth $134,000. Finally, Fieldpoint Private Securities LLC acquired a new stake in General Dynamics during the 3rd quarter worth $148,000. 86.06% of the stock is owned by hedge funds and other institutional investors.
Shares of General Dynamics stock opened at $218.81 on Friday. The company has a market cap of $64,972.13, a price-to-earnings ratio of 21.99, a P/E/G ratio of 2.32 and a beta of 0.83. General Dynamics Co. has a 52-week low of $183.72 and a 52-week high of $230.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.40 and a quick ratio of 0.99.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 11th. Investors of record on Friday, April 13th will be given a $0.93 dividend. This is a boost from General Dynamics’s previous quarterly dividend of $0.84. This represents a $3.72 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Thursday, April 12th. General Dynamics’s payout ratio is currently 35.18%.
In related news, Director John M. Keane sold 1,800 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $216.43, for a total value of $389,574.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John Patrick Casey sold 9,304 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $215.29, for a total transaction of $2,003,058.16. The disclosure for this sale can be found here. Insiders sold a total of 30,357 shares of company stock worth $6,715,463 over the last ninety days. 6.70% of the stock is currently owned by insiders.
A number of analysts have commented on GD shares. ValuEngine lowered shares of General Dynamics from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. JPMorgan Chase & Co. lowered shares of General Dynamics from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $225.00 to $215.00 in a report on Tuesday, December 12th. Zacks Investment Research lowered shares of General Dynamics from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Jefferies Group reissued a “buy” rating and issued a $237.00 price target on shares of General Dynamics in a report on Monday, January 8th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $220.00 price target on shares of General Dynamics in a report on Tuesday, January 9th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $235.88.
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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