IFM Investors Pty Ltd Has $7.21 Million Stock Holdings in General Dynamics Co. (NYSE:GD)

IFM Investors Pty Ltd cut its stake in shares of General Dynamics Co. (NYSE:GD) by 1.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,869 shares of the aerospace company’s stock after selling 250 shares during the period. IFM Investors Pty Ltd’s holdings in General Dynamics were worth $7,213,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. MFA Wealth Advisors LLC raised its stake in General Dynamics by 241.7% in the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after buying an additional 58 shares during the period. Redmont Wealth Advisors LLC bought a new stake in General Dynamics in the first quarter valued at approximately $25,000. American Capital Advisory LLC bought a new stake in General Dynamics in the second quarter valued at approximately $29,000. Lowe Wealth Advisors LLC bought a new stake in General Dynamics in the third quarter valued at approximately $30,000. Finally, New Covenant Trust Company N.A. bought a new stake in General Dynamics in the first quarter valued at approximately $29,000. 86.14% of the stock is owned by institutional investors and hedge funds.

General Dynamics Trading Up 0.4 %

Shares of GD stock opened at $302.52 on Friday. The stock’s fifty day moving average price is $300.28 and its two-hundred day moving average price is $294.60. The company has a market cap of $83.00 billion, a PE ratio of 24.68, a P/E/G ratio of 1.67 and a beta of 0.61. General Dynamics Co. has a fifty-two week low of $236.58 and a fifty-two week high of $313.11. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.80 and a current ratio of 1.33.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). The business had revenue of $11.67 billion during the quarter, compared to analyst estimates of $11.65 billion. General Dynamics had a net margin of 7.89% and a return on equity of 16.74%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business posted $3.04 EPS. Equities analysts predict that General Dynamics Co. will post 14.38 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 11th will be issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Friday, October 11th. General Dynamics’s dividend payout ratio is presently 46.33%.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $308.05, for a total value of $406,626.00. Following the sale, the director now owns 3,592 shares of the company’s stock, valued at approximately $1,106,515.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.52% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Citigroup upped their price objective on General Dynamics from $331.00 to $354.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Morgan Stanley upgraded General Dynamics from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $293.00 to $345.00 in a research note on Friday, August 9th. Sanford C. Bernstein lowered their target price on General Dynamics from $343.00 to $331.00 and set a “market perform” rating on the stock in a research note on Thursday. Deutsche Bank Aktiengesellschaft lowered their target price on General Dynamics from $320.00 to $314.00 and set a “hold” rating on the stock in a research note on Thursday, October 3rd. Finally, Wells Fargo & Company increased their target price on General Dynamics from $317.00 to $322.00 and gave the stock an “equal weight” rating in a research note on Thursday. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, General Dynamics currently has a consensus rating of “Moderate Buy” and an average target price of $323.88.

General Dynamics Company Profile

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.