Csenge Advisory Group Has $677,000 Stake in General Dynamics Co. (NYSE:GD)

Csenge Advisory Group grew its holdings in General Dynamics Co. (NYSE:GD) by 13.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,334 shares of the aerospace company’s stock after purchasing an additional 281 shares during the quarter. Csenge Advisory Group’s holdings in General Dynamics were worth $677,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Legend Financial Advisors Inc. boosted its stake in shares of General Dynamics by 46.8% during the 1st quarter. Legend Financial Advisors Inc. now owns 113 shares of the aerospace company’s stock worth $32,000 after buying an additional 36 shares during the last quarter. Diversified Trust Co grew its stake in General Dynamics by 2.5% in the first quarter. Diversified Trust Co now owns 1,503 shares of the aerospace company’s stock valued at $425,000 after purchasing an additional 36 shares in the last quarter. Fulton Bank N.A. increased its position in shares of General Dynamics by 1.1% during the 1st quarter. Fulton Bank N.A. now owns 3,299 shares of the aerospace company’s stock worth $932,000 after purchasing an additional 37 shares during the last quarter. Copperwynd Financial LLC boosted its holdings in shares of General Dynamics by 3.7% in the 4th quarter. Copperwynd Financial LLC now owns 1,056 shares of the aerospace company’s stock valued at $274,000 after buying an additional 38 shares during the last quarter. Finally, Woodward Diversified Capital LLC increased its holdings in General Dynamics by 2.3% during the fourth quarter. Woodward Diversified Capital LLC now owns 1,727 shares of the aerospace company’s stock worth $448,000 after buying an additional 39 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on GD shares. Morgan Stanley upgraded General Dynamics from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $293.00 to $345.00 in a report on Friday. JPMorgan Chase & Co. lifted their target price on General Dynamics from $280.00 to $298.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. BTIG Research began coverage on shares of General Dynamics in a report on Wednesday, June 26th. They issued a “buy” rating and a $345.00 price objective for the company. Susquehanna lifted their price target on shares of General Dynamics from $301.00 to $333.00 and gave the company a “positive” rating in a research report on Friday, April 12th. Finally, Robert W. Baird restated an “outperform” rating and set a $345.00 price objective on shares of General Dynamics in a research note on Tuesday, July 2nd. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $315.06.

General Dynamics Price Performance

Shares of NYSE GD opened at $293.38 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.80 and a current ratio of 1.33. The firm’s 50-day simple moving average is $291.40 and its 200 day simple moving average is $284.61. The stock has a market cap of $80.49 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 1.68 and a beta of 0.60. General Dynamics Co. has a fifty-two week low of $214.53 and a fifty-two week high of $302.75.

General Dynamics (NYSE:GD) last posted 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). The business had revenue of $11.98 billion during 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 firm’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.70 EPS. As a group, research analysts anticipate that General Dynamics Co. will post 14.5 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The company also recently disclosed 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 $5.68 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Friday, October 11th. General Dynamics’s dividend payout ratio is currently 46.33%.

Insider Transactions at General Dynamics

In other General Dynamics news, CFO Kimberly A. Kuryea sold 13,344 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $298.16, for a total transaction of $3,978,647.04. Following the sale, the chief financial officer now owns 79,255 shares in the company, valued at $23,630,670.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO Kimberly A. Kuryea sold 13,344 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $298.16, for a total transaction of $3,978,647.04. Following the transaction, the chief financial officer now directly owns 79,255 shares of the company’s stock, valued at approximately $23,630,670.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Mark Lagrand Burns sold 12,089 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $296.59, for a total transaction of $3,585,476.51. Following the completion of the transaction, the vice president now owns 64,132 shares in the company, valued at approximately $19,020,909.88. The disclosure for this sale can be found here. Insiders sold 46,483 shares of company stock worth $13,770,716 over the last quarter. Corporate insiders own 1.52% of the company’s stock.

About General Dynamics

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.