X Square Capital LLC Acquires 367 Shares of General Dynamics Co. (NYSE:GD)

X Square Capital LLC boosted its position in shares of General Dynamics Co. (NYSE:GD) by 3.4% in the third quarter, Holdings Channel reports. The fund owned 11,087 shares of the aerospace company’s stock after purchasing an additional 367 shares during the quarter. General Dynamics comprises 1.5% of X Square Capital LLC’s investment portfolio, making the stock its 19th biggest holding. X Square Capital LLC’s holdings in General Dynamics were worth $3,351,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Banque Cantonale Vaudoise increased its position in General Dynamics by 1,053.8% in the first quarter. Banque Cantonale Vaudoise now owns 150 shares of the aerospace company’s stock worth $42,000 after buying an additional 137 shares in the last quarter. Brookstone Capital Management increased its position in General Dynamics by 3.1% in the first quarter. Brookstone Capital Management now owns 21,368 shares of the aerospace company’s stock worth $6,036,000 after buying an additional 651 shares in the last quarter. Key Client Fiduciary Advisors LLC purchased a new stake in General Dynamics in the first quarter worth about $221,000. Aspiriant LLC increased its position in General Dynamics by 6.2% in the first quarter. Aspiriant LLC now owns 4,969 shares of the aerospace company’s stock worth $1,404,000 after buying an additional 288 shares in the last quarter. Finally, Revolve Wealth Partners LLC increased its position in General Dynamics by 5.7% in the first quarter. Revolve Wealth Partners LLC now owns 878 shares of the aerospace company’s stock worth $248,000 after buying an additional 47 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insiders Place Their Bets

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $308.05, for a total transaction of $406,626.00. Following the transaction, the director now directly owns 3,592 shares in the company, valued at $1,106,515.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.52% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. BTIG Research assumed coverage on General Dynamics in a research report on Wednesday, June 26th. They issued a “buy” rating and a $345.00 price target for the company. Deutsche Bank Aktiengesellschaft dropped their price objective on General Dynamics from $320.00 to $314.00 and set a “hold” rating for the company in a research note on Thursday, October 3rd. Morgan Stanley raised General Dynamics from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $293.00 to $345.00 in a research note on Friday, August 9th. Susquehanna upped their price objective on General Dynamics from $333.00 to $352.00 and gave the stock a “positive” rating in a research note on Thursday, October 17th. Finally, Seaport Res Ptn lowered General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Seven analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $320.18.

General Dynamics Price Performance

NYSE:GD opened at $304.40 on Thursday. The firm has a market capitalization of $83.52 billion, a price-to-earnings ratio of 24.83, a PEG ratio of 1.67 and a beta of 0.61. General Dynamics Co. has a 1 year low of $232.29 and a 1 year high of $313.11. The business has a 50 day simple moving average of $300.17 and a 200-day simple moving average of $294.55. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.33 and a quick ratio of 0.80.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, July 24th. The aerospace company reported $3.26 EPS for the quarter, missing the consensus estimate of $3.30 by ($0.04). The firm had revenue of $11.98 billion for the quarter, compared to analysts’ expectations of $11.46 billion. General Dynamics had a return on equity of 16.74% and a net margin of 7.89%. The company’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 business earned $2.70 earnings per share. Equities analysts forecast that General Dynamics Co. will post 14.38 EPS for the current year.

General Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 11th will be issued a dividend of $1.42 per share. The ex-dividend date is Friday, October 11th. This represents a $5.68 annualized dividend and a yield of 1.87%. General Dynamics’s payout ratio is currently 46.33%.

General Dynamics Company 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.