Diversified Trust Co increased its stake in shares of General Dynamics Co. (NYSE:GD) by 66.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,724 shares of the aerospace company’s stock after purchasing an additional 1,483 shares during the quarter. Diversified Trust Co’s holdings in General Dynamics were worth $516,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Clarius Group LLC boosted its holdings in shares of General Dynamics by 6.1% during the second quarter. Clarius Group LLC now owns 1,655 shares of the aerospace company’s stock worth $247,000 after purchasing an additional 95 shares during the period. Personal CFO Solutions LLC increased its holdings in shares of General Dynamics by 2.5% in the 2nd quarter. Personal CFO Solutions LLC now owns 9,568 shares of the aerospace company’s stock worth $1,430,000 after purchasing an additional 235 shares in the last quarter. Canandaigua National Corp bought a new stake in shares of General Dynamics in the 2nd quarter worth $1,443,000. BBVA USA Bancshares Inc. increased its holdings in shares of General Dynamics by 0.9% in the 2nd quarter. BBVA USA Bancshares Inc. now owns 8,966 shares of the aerospace company’s stock worth $1,340,000 after purchasing an additional 84 shares in the last quarter. Finally, Kentucky Retirement Systems bought a new stake in shares of General Dynamics in the 2nd quarter worth $1,933,000. Institutional investors and hedge funds own 84.98% of the company’s stock.

In other General Dynamics news, VP William A. Moss sold 4,778 shares of the business’s stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $136.68, for a total transaction of $653,057.04. Following the completion of the transaction, the vice president now owns 12,241 shares in the company, valued at $1,673,099.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.60% of the stock is owned by insiders.

A number of equities analysts have recently issued reports on GD shares. TheStreet downgraded General Dynamics from a “b-” rating to a “c+” rating in a research note on Thursday, July 9th. Robert W. Baird downgraded General Dynamics from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $167.00 to $149.00 in a research note on Friday, October 2nd. Stifel Nicolaus dropped their price target on General Dynamics from $180.00 to $160.00 and set a “hold” rating on the stock in a research note on Thursday, July 30th. Royal Bank of Canada raised their price target on General Dynamics from $157.00 to $164.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Finally, Barclays dropped their price target on General Dynamics from $170.00 to $165.00 and set an “overweight” rating on the stock in a research note on Thursday, October 1st. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $173.19.

Shares of GD stock opened at $142.24 on Friday. The stock’s 50-day moving average price is $144.54 and its 200-day moving average price is $144.00. The company has a current ratio of 1.27, a quick ratio of 0.87 and a debt-to-equity ratio of 0.75. General Dynamics Co. has a 12-month low of $100.55 and a 12-month high of $190.08. The stock has a market capitalization of $40.81 billion, a price-to-earnings ratio of 12.63, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $2.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.15 by $0.03. General Dynamics had a return on equity of 24.10% and a net margin of 8.47%. The company had revenue of $9.26 billion for the quarter, compared to analysts’ expectations of $9.03 billion. During the same period in the previous year, the firm posted $2.77 earnings per share. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. As a group, research analysts predict that General Dynamics Co. will post 11.04 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be paid a dividend of $1.10 per share. The ex-dividend date is Thursday, October 8th. This represents a $4.40 annualized dividend and a yield of 3.09%. General Dynamics’s payout ratio is currently 36.73%.

General Dynamics Profile

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates in five segments: Aerospace, Combat Systems, Information Technology, Mission Systems, and Marine Systems. The Aerospace segment designs, manufactures, and supports business-jet aircraft; and offers business-aviation services, including maintenance, fixed-base operation, government fleet, aircraft management, charter, and staffing services, as well as integrated aviation solutions.

Further Reading: Forex

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

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