Waterloo Capital L.P. Takes $447,000 Position in General Dynamics Co. (NYSE:GD)

Waterloo Capital L.P. acquired a new stake in General Dynamics Co. (NYSE:GD) during the second quarter, according to its most recent filing with the SEC. The firm acquired 1,542 shares of the aerospace company’s stock, valued at approximately $447,000.

Several other institutional investors also recently bought and sold shares of GD. Blair William & Co. IL boosted its position in shares of General Dynamics by 8.4% during the 2nd quarter. Blair William & Co. IL now owns 348,825 shares of the aerospace company’s stock worth $101,208,000 after purchasing an additional 26,977 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in General Dynamics by 14.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 27,802 shares of the aerospace company’s stock worth $8,065,000 after buying an additional 3,408 shares in the last quarter. Amalgamated Bank grew its position in General Dynamics by 1.5% during the second quarter. Amalgamated Bank now owns 48,426 shares of the aerospace company’s stock worth $14,050,000 after buying an additional 726 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its holdings in General Dynamics by 7.5% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 7,975 shares of the aerospace company’s stock valued at $2,314,000 after buying an additional 553 shares in the last quarter. Finally, Argent Trust Co lifted its position in shares of General Dynamics by 3.6% during the 2nd quarter. Argent Trust Co now owns 15,789 shares of the aerospace company’s stock valued at $4,581,000 after acquiring an additional 548 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GD has been the topic of a number of research reports. Morgan Stanley upgraded General Dynamics from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $293.00 to $345.00 in a report on Friday, August 9th. Robert W. Baird restated an “outperform” rating and issued a $345.00 price target on shares of General Dynamics in a research report on Tuesday, July 2nd. Sanford C. Bernstein boosted their price objective on shares of General Dynamics from $290.00 to $302.00 and gave the stock a “market perform” rating in a research report on Thursday, May 23rd. Barclays raised their target price on shares of General Dynamics from $310.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. Finally, Wells Fargo & Company upped their price target on shares of General Dynamics from $330.00 to $334.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, General Dynamics presently has an average rating of “Moderate Buy” and a consensus price target of $315.06.

General Dynamics Stock Performance

NYSE GD opened at $304.77 on Friday. The business’s 50-day moving average price is $294.33 and its 200 day moving average price is $290.74. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.33. General Dynamics Co. has a twelve month low of $214.53 and a twelve month high of $309.97. The company has a market capitalization of $83.62 billion, a PE ratio of 24.86, a price-to-earnings-growth ratio of 1.64 and a beta of 0.61.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share for the quarter, missing the consensus estimate of $3.30 by ($0.04). General Dynamics had a return on equity of 16.74% and a net margin of 7.89%. The company had revenue of $11.98 billion for the quarter, compared to analysts’ expectations of $11.46 billion. During the same quarter in the previous year, the company earned $2.70 earnings per share. The company’s revenue was up 18.0% on a year-over-year basis. On average, research analysts predict that General Dynamics Co. will post 14.52 earnings per share for the current year.

General Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 11th will be paid a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $5.68 annualized dividend and a dividend yield of 1.86%. General Dynamics’s dividend payout ratio is presently 46.33%.

Insider Transactions at General Dynamics

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $308.05, for a total transaction of $406,626.00. Following the completion of the sale, the director now owns 3,592 shares of the company’s stock, valued at $1,106,515.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.52% of the company’s stock.

About General Dynamics

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.