CHICAGO TRUST Co NA grew its position in General Dynamics Co. (NYSE:GD) by 4.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,517 shares of the aerospace company’s stock after purchasing an additional 100 shares during the period. CHICAGO TRUST Co NA’s holdings in General Dynamics were worth $457,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Manchester Financial Inc. bought a new stake in General Dynamics during the 2nd quarter worth about $61,000. Asset Dedication LLC raised its holdings in General Dynamics by 37.8% during the 2nd quarter. Asset Dedication LLC now owns 1,346 shares of the aerospace company’s stock worth $245,000 after purchasing an additional 369 shares during the last quarter. Brandywine Oak Private Wealth LLC raised its holdings in General Dynamics by 13.5% during the 2nd quarter. Brandywine Oak Private Wealth LLC now owns 2,864 shares of the aerospace company’s stock worth $520,000 after purchasing an additional 340 shares during the last quarter. Weybosset Research & Management LLC raised its holdings in General Dynamics by 0.7% during the 2nd quarter. Weybosset Research & Management LLC now owns 40,482 shares of the aerospace company’s stock worth $7,360,000 after purchasing an additional 262 shares during the last quarter. Finally, United Bank grew its position in shares of General Dynamics by 1.9% during the 2nd quarter. United Bank now owns 4,830 shares of the aerospace company’s stock worth $878,000 after buying an additional 90 shares during the period. Institutional investors own 86.47% of the company’s stock.
Shares of GD traded up $2.14 on Friday, hitting $189.75. The company’s stock had a trading volume of 53,380 shares, compared to its average volume of 1,053,950. The company has a quick ratio of 0.82, a current ratio of 1.09 and a debt-to-equity ratio of 0.70. The business has a fifty day moving average of $179.37. General Dynamics Co. has a fifty-two week low of $143.87 and a fifty-two week high of $207.72. The stock has a market capitalization of $54.20 billion, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 1.79 and a beta of 1.20.
General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, July 24th. The aerospace company reported $2.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.68 by $0.09. General Dynamics had a return on equity of 26.81% and a net margin of 8.65%. The business had revenue of $9.56 billion during the quarter, compared to analyst estimates of $9.36 billion. During the same period in the previous year, the firm earned $2.82 EPS. General Dynamics’s quarterly revenue was up 4.0% compared to the same quarter last year. Sell-side analysts expect that General Dynamics Co. will post 11.76 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, July 5th will be given a $1.02 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $4.08 annualized dividend and a dividend yield of 2.15%. General Dynamics’s dividend payout ratio is presently 35.73%.
Several equities analysts have recently issued reports on GD shares. JPMorgan Chase & Co. restated a “hold” rating and set a $7.00 target price on shares of Deutsche Bank in a research report on Thursday, April 25th. UBS Group restated a “buy” rating and set a $124.00 target price on shares of Cie Gnrl des Etblsmnts Michelin SCA in a research report on Thursday, April 25th. Zacks Investment Research upgraded Global Ship Lease from a “hold” rating to a “strong-buy” rating and set a $7.75 target price for the company in a research report on Monday, June 3rd. Cowen restated an “outperform” rating and set a $230.00 target price (up from $200.00) on shares of Norfolk Southern in a research report on Wednesday, April 24th. Finally, Morgan Stanley set a $18.00 target price on PG&E and gave the stock a “hold” rating in a research report on Friday, June 14th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $196.00.
About General Dynamics
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: Cost of Goods Sold (COGS)
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