Interchange Capital Partners LLC holds $220,000 position in General Dynamics Co. (NYSE:GD)

VaselineSeptember 2, 2024

0 3 minutes read

Interchange Capital Partners LLC bought a new position in shares of General Dynamics Co. (NYSE:GD – Free Report) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 757 shares of the aerospace company’s stock, valued at approximately $220,000.

A number of other large investors have also recently made changes to their positions in the company. Redmont Wealth Advisors LLC bought a new position in General Dynamics in the first quarter worth $25,000. MeadowBrook Investment Advisors LLC bought a new position in General Dynamics in the 4th quarter valued at $25,000. Richardson Financial Services Inc. bought a new position in General Dynamics in the 4th quarter valued at $25,000. American Capital Advisory LLC bought a new position in General Dynamics in the second quarter worth $29,000. Finally, Financial Synergies Wealth Advisors Inc. bought a new position in General Dynamics in the first quarter worth $29,000. Institutional investors own 86.14% of the company’s shares.

The Wall Street analyst weighs in

GD has been the subject of a number of recent research reports. Royal Bank of Canada restated an “outperform” rating and set a $320.00 price objective on shares of General Dynamics in a research note on Thursday, July 25th. Morgan Stanley raised General Dynamics from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $293.00 to $345.00 in a report on Friday, August 9th . Barclays upped their target price on General Dynamics from $310.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. BTIG Research initiated coverage on General Dynamics in a report on Wednesday, June 26th. They issued a “buy” rating and a $345.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of General Dynamics in a report on Monday, July 29th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Moderate Buy” and an average target price of $315.06, according to data from MarketBeat.com.

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General Dynamics stock performance

Shares of GD stock opened at $299.36 on Monday. The stock has a 50-day moving average price of $290.64 and a 200-day moving average price of $288.19. General Dynamics Co. has a 1 year low of $214.53 and a 1 year high of $302.75. The company has a current ratio of 1.33, a quick ratio of 0.80, and a debt-to-equity ratio of 0.33. The firm has a market cap of $82.26 billion, a PE ratio of 24.42, a price-to-earnings-growth ratio of 1.64 and a beta of 0.60.

General Dynamics (NYSE:GD – Get Your Free Report ) last issued its quarterly earnings data on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share for the quarter, missing the consensus estimate of $3.30 by ($0.04). General Dynamics had a return on equity of 16.74% and a net margin of 7.89%. The business had revenue of $11.98 billion during the quarter, compared to the consensus estimate of $11.46 billion. During the same period last year, the business posted earnings of $2.70 per share. The company’s revenue increased by 18.0% year-over-year. As a group, equities research analysts expect General Dynamics Co. to post 14.52 earnings per share for the current year.

General Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 11th will be paid a $1.42 dividend. This represents a dividend of $5.68 on an annualized basis and a yield of 1.90%. The ex-dividend date is Friday, October 11. General Dynamics’ payout ratio is 46.33%.

General Dynamics profile

(Free report)

General Dynamics Corporation operates as a global aerospace and defense company. It operates through four segments: Aerospace, Marine Systems, Combat Systems and Technologies. The Aerospace segment manufactures and sells business aircraft; and provides aircraft maintenance and repair, management, support and aircraft ground completion, charter, staffing and fixed-base operator services.