General Dynamics Co. (NYSE:GD) Shares Bought by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. lifted its holdings in shares of General Dynamics Co. (NYSE:GD) by 8.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 680,479 shares of the aerospace company’s stock after purchasing an additional 52,393 shares during the period. UBS Asset Management Americas Inc.’s holdings in General Dynamics were worth $101,269,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Patriot Investment Management Inc. increased its stake in shares of General Dynamics by 3.1% during the 4th quarter. Patriot Investment Management Inc. now owns 2,087 shares of the aerospace company’s stock worth $310,000 after purchasing an additional 62 shares in the last quarter. Sage Capital Advisors llc increased its stake in shares of General Dynamics by 0.3% during the 4th quarter. Sage Capital Advisors llc now owns 19,530 shares of the aerospace company’s stock worth $3,077,000 after purchasing an additional 67 shares in the last quarter. Manchester Financial Inc. increased its stake in shares of General Dynamics by 10.5% during the 4th quarter. Manchester Financial Inc. now owns 738 shares of the aerospace company’s stock worth $110,000 after purchasing an additional 70 shares in the last quarter. Sigma Planning Corp grew its stake in General Dynamics by 2.3% in the 4th quarter. Sigma Planning Corp now owns 3,086 shares of the aerospace company’s stock worth $459,000 after acquiring an additional 70 shares during the period. Finally, New England Professional Planning Group Inc. grew its stake in General Dynamics by 2.8% in the 4th quarter. New England Professional Planning Group Inc. now owns 2,665 shares of the aerospace company’s stock worth $395,000 after acquiring an additional 72 shares during the period. 84.48% of the stock is owned by institutional investors and hedge funds.

NYSE:GD opened at $184.79 on Thursday. The company has a current ratio of 1.29, a quick ratio of 0.90 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $52.40 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 2.40 and a beta of 1.03. The firm’s fifty day simple moving average is $173.49 and its 200 day simple moving average is $154.39. General Dynamics Co. has a twelve month low of $121.67 and a twelve month high of $186.00.

General Dynamics (NYSE:GD) last posted its earnings results on Tuesday, January 26th. The aerospace company reported $3.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.54 by ($0.05). The business had revenue of $10.48 billion for the quarter, compared to analyst estimates of $10.76 billion. General Dynamics had a net margin of 8.33% and a return on equity of 23.00%. The business’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.51 EPS. On average, analysts predict that General Dynamics Co. will post 11.06 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 7th. Investors of record on Friday, April 9th will be issued a dividend of $1.19 per share. This is a positive change from General Dynamics’s previous quarterly dividend of $1.10. The ex-dividend date is Thursday, April 8th. This represents a $4.76 annualized dividend and a dividend yield of 2.58%. General Dynamics’s payout ratio is presently 36.73%.

Several research firms have commented on GD. Cowen lifted their target price on shares of General Dynamics from $183.00 to $210.00 and gave the stock an “outperform” rating in a research note on Monday, March 29th. Susquehanna Bancshares lifted their target price on shares of General Dynamics from $162.00 to $180.00 and gave the stock a “positive” rating in a research note on Friday, January 29th. Barclays reaffirmed a “buy” rating on shares of General Dynamics in a research note on Friday, April 2nd. Morgan Stanley lowered their target price on shares of General Dynamics from $161.00 to $149.00 and set an “underweight” rating for the company in a research note on Monday, February 8th. Finally, Citigroup boosted their price objective on shares of General Dynamics from $160.00 to $200.00 in a research note on Thursday, March 25th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $169.06.

About General Dynamics

General Dynamics Corp. is an aerospace and defense company, which engages in the provision of tanks, rockets, missiles, submarines, warships, fighters and electronics to all of the military services. It operates through the following segments: Aerospace, Combat Systems, Information Technology, and Marine Systems.

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Institutional Ownership by Quarter for General Dynamics (NYSE:GD)

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