Quantitative Systematic Strategies LLC lowered its holdings in shares of General Dynamics Co. (NYSE:GD) by 67.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,046 shares of the aerospace company’s stock after selling 2,188 shares during the quarter. Quantitative Systematic Strategies LLC’s holdings in General Dynamics were worth $213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. ETRADE Capital Management LLC lifted its holdings in shares of General Dynamics by 38.0% during the third quarter. ETRADE Capital Management LLC now owns 2,337 shares of the aerospace company’s stock valued at $481,000 after acquiring an additional 643 shares during the period. Brightworth bought a new position in shares of General Dynamics during the third quarter valued at $5,882,000. Park National Corp OH lifted its holdings in shares of General Dynamics by 7.6% during the third quarter. Park National Corp OH now owns 45,986 shares of the aerospace company’s stock valued at $9,454,000 after acquiring an additional 3,234 shares during the period. Amalgamated Bank lifted its holdings in shares of General Dynamics by 1.8% during the third quarter. Amalgamated Bank now owns 30,733 shares of the aerospace company’s stock valued at $6,318,000 after acquiring an additional 549 shares during the period. Finally, Alpha Cubed Investments LLC bought a new position in shares of General Dynamics during the third quarter valued at $278,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

General Dynamics Co. (NYSE GD) opened at $212.10 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.40 and a debt-to-equity ratio of 0.35. General Dynamics Co. has a twelve month low of $182.16 and a twelve month high of $229.54. The stock has a market capitalization of $62,971.64, a PE ratio of 22.21, a P/E/G ratio of 2.25 and a beta of 0.85.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $2.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.37 by $0.13. General Dynamics had a return on equity of 27.22% and a net margin of 9.40%. The business had revenue of $8.28 billion during the quarter, compared to analysts’ expectations of $8.40 billion. During the same period in the previous year, the business posted $1.89 earnings per share. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. research analysts predict that General Dynamics Co. will post 11.1 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Friday, January 19th were issued a $0.84 dividend. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.58%. General Dynamics’s dividend payout ratio is 35.18%.

GD has been the subject of a number of analyst reports. Cowen reissued a “buy” rating and set a $230.00 price objective on shares of General Dynamics in a report on Thursday, October 26th. Jefferies Group reissued a “buy” rating and set a $236.00 price objective on shares of General Dynamics in a report on Thursday, October 26th. Zacks Investment Research raised General Dynamics from a “hold” rating to a “buy” rating and set a $238.00 price objective for the company in a report on Thursday, October 26th. Royal Bank of Canada set a $239.00 price objective on General Dynamics and gave the company a “buy” rating in a report on Wednesday, November 15th. Finally, Bank of America lifted their price objective on General Dynamics from $245.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. General Dynamics has a consensus rating of “Hold” and a consensus price target of $231.94.

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General Dynamics Company Profile

General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.

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

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