Toronto Dominion Bank raised its stake in shares of General Dynamics Co. (NYSE:GD) by 9.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 160,700 shares of the aerospace company’s stock after acquiring an additional 13,540 shares during the quarter. Toronto Dominion Bank’s holdings in General Dynamics were worth $32,694,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of GD. Janus Henderson Group PLC boosted its position in shares of General Dynamics by 6.1% during the 3rd quarter. Janus Henderson Group PLC now owns 5,302,868 shares of the aerospace company’s stock valued at $1,090,164,000 after acquiring an additional 304,175 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in General Dynamics by 2,097.3% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,711,597 shares of the aerospace company’s stock valued at $353,351,000 after buying an additional 1,633,700 shares in the last quarter. Bank of Montreal Can boosted its position in General Dynamics by 15.0% in the fourth quarter. Bank of Montreal Can now owns 1,557,931 shares of the aerospace company’s stock valued at $316,962,000 after buying an additional 202,628 shares in the last quarter. Capital International Investors boosted its position in General Dynamics by 9.5% in the third quarter. Capital International Investors now owns 1,472,000 shares of the aerospace company’s stock valued at $302,614,000 after buying an additional 128,000 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in General Dynamics by 3.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 988,582 shares of the aerospace company’s stock valued at $201,128,000 after buying an additional 30,588 shares in the last quarter. Institutional investors own 87.03% of the company’s stock.

A number of equities analysts have commented on the stock. Credit Suisse Group boosted their price target on shares of General Dynamics from $259.00 to $262.00 and gave the company an “outperform” rating in a research report on Tuesday. Zacks Investment Research upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and set a $252.00 target price on the stock in a research report on Friday, February 2nd. Royal Bank of Canada set a $246.00 price target on shares of General Dynamics and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Citigroup boosted their price target on shares of General Dynamics from $215.00 to $235.00 and gave the stock a “neutral” rating in a research note on Thursday, January 25th. Finally, Buckingham Research reissued a “buy” rating and set a $260.00 price target (up from $230.00) on shares of General Dynamics in a research note on Tuesday, January 30th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. General Dynamics currently has an average rating of “Hold” and an average price target of $232.09.

Shares of General Dynamics Co. (GD) opened at $213.19 on Wednesday. The company has a market cap of $63,240.00, a price-to-earnings ratio of 22.09, a price-to-earnings-growth ratio of 2.22 and a beta of 0.85. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.40 and a quick ratio of 0.99. General Dynamics Co. has a 12 month low of $183.72 and a 12 month high of $229.54.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Stockholders of record on Friday, January 19th were given a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend was Thursday, January 18th. General Dynamics’s payout ratio is presently 35.04%.

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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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