Oxbow Advisors LLC Has $452,000 Stock Position in General Dynamics Co. (NYSE:GD)

Oxbow Advisors LLC lowered its position in shares of General Dynamics Co. (NYSE:GD) by 7.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,557 shares of the aerospace company’s stock after selling 132 shares during the quarter. Oxbow Advisors LLC’s holdings in General Dynamics were worth $452,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Eudaimonia Partners LLC purchased a new stake in shares of General Dynamics in the fourth quarter valued at $240,000. Principal Securities Inc. acquired a new stake in General Dynamics during the 4th quarter worth about $1,056,000. Gladstone Capital Management LLP purchased a new position in General Dynamics during the 4th quarter valued at about $3,869,000. SWP Financial LLC acquired a new position in shares of General Dynamics in the 4th quarter valued at about $227,000. Finally, Sanibel Captiva Trust Company Inc. purchased a new stake in shares of General Dynamics in the fourth quarter worth approximately $28,107,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Performance

GD stock traded down $4.51 during mid-day trading on Friday, reaching $292.78. 1,362,362 shares of the stock traded hands, compared to its average volume of 1,062,699. The firm has a market capitalization of $80.33 billion, a PE ratio of 23.90, a P/E/G ratio of 1.64 and a beta of 0.61. The business has a 50-day moving average of $290.80 and a two-hundred day moving average of $288.84. General Dynamics Co. has a 52 week low of $214.53 and a 52 week high of $302.75. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.33.

General Dynamics (NYSE:GD) last announced its earnings results 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). The business had revenue of $11.98 billion for the quarter, compared to the consensus estimate of $11.46 billion. General Dynamics had a net margin of 7.89% and a return on equity of 16.74%. General Dynamics’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.70 EPS. As a group, equities analysts predict that General Dynamics Co. will post 14.52 EPS for the current fiscal year.

General Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 11th will be issued a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $5.68 annualized dividend and a dividend yield of 1.94%. General Dynamics’s payout ratio is 46.33%.

Analyst Ratings Changes

A number of brokerages recently commented on GD. Barclays boosted their price objective on shares of General Dynamics from $310.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Sanford C. Bernstein upped their price target on shares of General Dynamics from $290.00 to $302.00 and gave the stock a “market perform” rating in a research note on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of General Dynamics in a research report on Monday, July 29th. Robert W. Baird reaffirmed an “outperform” rating and issued a $345.00 target price on shares of General Dynamics in a research report on Tuesday, July 2nd. Finally, BTIG Research assumed coverage on General Dynamics in a report on Wednesday, June 26th. They set a “buy” rating and a $345.00 price target for the company. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, General Dynamics presently has a consensus rating of “Moderate Buy” and an average target price of $315.06.

General Dynamics Profile

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