General Dynamics Corporation $GD Shares Acquired by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC boosted its position in General Dynamics Corporation (NYSE:GD) by 61.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,812 shares of the aerospace company’s stock after purchasing an additional 2,222 shares during the period. Chicago Partners Investment Group LLC’s holdings in General Dynamics were worth $2,015,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC acquired a new position in General Dynamics during the third quarter worth about $26,000. Louisbourg Investments Inc. acquired a new stake in General Dynamics during the third quarter valued at approximately $27,000. Vermillion & White Wealth Management Group LLC boosted its holdings in General Dynamics by 80.3% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 110 shares of the aerospace company’s stock worth $32,000 after buying an additional 49 shares in the last quarter. NewSquare Capital LLC grew its position in General Dynamics by 64.7% in the second quarter. NewSquare Capital LLC now owns 112 shares of the aerospace company’s stock worth $33,000 after buying an additional 44 shares during the last quarter. Finally, Harbor Asset Planning Inc. acquired a new stake in shares of General Dynamics during the 2nd quarter valued at $35,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Stock Up 0.2%

General Dynamics stock opened at $365.62 on Friday. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $369.70. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 1.40. The firm has a market cap of $98.76 billion, a PE ratio of 23.70, a P/E/G ratio of 1.62 and a beta of 0.41. The firm’s 50 day moving average price is $345.75 and its two-hundred day moving average price is $332.32.

General Dynamics (NYSE:GD) last issued its earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.69 by $0.19. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. The company had revenue of $12.91 billion during the quarter, compared to analyst estimates of $12.49 billion. During the same quarter last year, the business posted $3.35 EPS. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, research analysts predict that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 6th. Shareholders of record on Friday, January 16th will be paid a $1.50 dividend. The ex-dividend date is Friday, January 16th. This represents a $6.00 dividend on an annualized basis and a yield of 1.6%. General Dynamics’s payout ratio is 38.89%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on GD shares. Susquehanna reaffirmed a “positive” rating and set a $420.00 target price on shares of General Dynamics in a research report on Thursday, January 15th. Bank of America upped their price objective on shares of General Dynamics from $370.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, October 28th. TD Cowen lifted their target price on shares of General Dynamics from $370.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Robert W. Baird set a $390.00 price target on shares of General Dynamics in a research report on Monday, October 27th. Finally, Vertical Research raised shares of General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 target price on the stock in a research note on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, General Dynamics presently has an average rating of “Moderate Buy” and a consensus target price of $366.70.

Insiders Place Their Bets

In other news, VP David Paddock sold 20,360 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $334.92, for a total transaction of $6,818,971.20. Following the completion of the sale, the vice president directly owned 36,644 shares of the company’s stock, valued at $12,272,808.48. This trade represents a 35.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is currently owned by insiders.

General Dynamics Company Profile

General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.

Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.