Cognios Beta Neutral Large Cap Fund LP Makes New Investment in General Dynamics Co. (NYSE:GD)

The company's most recent filing to the Securities and Exchange Commission shows that it acquired 2,473 shares of the aerospace company's stock, valued at approximately $614,000. The firm purchased 2,473 shares in the aerospace company, worth approximately $614,000.

Hedge funds and other institutional investors have also purchased and sold shares in the company. Markel Corp increased its holdings in General Dynamics shares by 0.9% during the first quarter. Markel Corp owns now 390,500 of the aerospace company stock valued at $94,181,000. This is after adding 3,500 additional shares to its portfolio in the last quarter. Moors & Cabot Inc. increased its position in General Dynamics shares by 13.2% during the first quarter. Moors & Cabot Inc. owns 4,202 of the aerospace company stock, worth $1.014,000. This is after acquiring 490 additional shares during the last quarter. Zions Bancorporation N.A. Zions Bancorporation N.A. increased its position in General Dynamics from 294.2% to 294.2% over the first quarter. Zions Bancorporation N.A. After purchasing 403 additional shares during the last quarter, Zions Bancorporation N.A. now owns 540 of the aerospace company’s stock worth $130,000. Brown Brothers Harriman & Co. increased its stake in General Dynamics during the first quarter by 791.6%. Brown Brothers Harriman & Co. owns 1,275 of the aerospace company’s stock worth $308,000, after purchasing an additional 1,132 during the last quarter. NewEdge Advisors LLC increased its stake in General Dynamics during the first three months by 51.6%. NewEdge Advisors LLC owns now 34,153 shares in the aerospace company, valued at $8.237,000, after purchasing an additional 11,630 during the last quarter. On Tuesday, 2nd May, 4,700 shares were purchased in the company's stock. Stock was purchased at $214.47 on average per share with a value of $1,008,009.00. After the acquisition was completed, the director owns 4,700 of the company's shares, worth approximately $1,008,009. Insiders own 1.50% of shares.

General Dynamics Stock Rises 0.4 %

During Monday's mid-day trade, vantage gained $0.82 to reach $213.09. Stock of the company traded 720,907 times its average of 1,224.212 shares. General Dynamics Co.'s 52-week low is $202.35, and its 52-week highest is $256.86. The company has a moving average of $215.91 for the past 50 days and $229.21 for the last 200 days. The debt-to equity ratio for the company is 0.48. It has a quick ratio (0.94) and a current rate of 1.39. The market cap is $58.46 Billion, with a PEG of 1.87, a P/E ratio of 17.42 and a beta value of 0.84.

The last time ) released its quarterly earnings was on Wednesday, 26th April. Aerospace company reported $2.64 per share for the quarter. This was $0.08 higher than the consensus estimate of 2.56. General Dynamics' return on equity was 18.66%, and its net margin was 8.50%. The company's revenue was $9.88 billion, which is higher than analyst expectations of $9.30. In the same quarter of the previous year the company had posted $2.61 in earnings per share. General Dynamics revenue increased by 5.2% when compared with the same quarter in last year. Research analysts expect General Dynamics Co. to post 12.66 earnings per share for the current fiscal.

General Dynamics Dividend Announcement

Recently, the company announced a quarter dividend that will be paid out on Friday, 11th August. Investors who were in the market on Friday, 7th July will receive a dividend of $1.32. This is a $5.28 dividend with a yield of 2.48 percent. The ex-dividend day is Thursday, 7th July. General Dynamics' payout ratio is 43.17%.

Analyst Upgrades and downgrades

GD was the subject of a few recent research reports. William Blair began covering General Dynamics on Thursday 30th March in a research report. The company was given an 'outperform rating'. Royal Bank of Canada reduced their price target on General Dynamics in a research report on Thursday, April 27, from $280.00 down to $270.00. Sanford C. Bernstein reduced their price target on General Dynamics in a Thursday, May 4, research note from $251.00 down to $245.00. Wells Fargo & Company lowered its price target on General Dynamics in a Thursday, April 27, research note from $265.00 down to $251.00. Credit Suisse Group also lowered its price target on General Dynamics in a Thursday, April 27th research note from $239.00 down to $220.00. Eight investment analysts have given the company a buy rating, while one has given the stock a hold. According to MarketBeat data, the average rating for the company is 'Moderate buy' with an average price of $261.69.

General Dynamics Company Profile

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General Dynamics Corp., a global aerospace-and-defense company, is engaged in the design, engineering and manufacturing of state-of-the art solutions. It is organized into four business segments: Aerospace Systems, Marine Systems Combat Systems and Technologies. Aerospace designs, manufactures and sells business aircraft.

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