XTX Topco Ltd Makes New Investment in General Dynamics Co. (NYSE:GD)

XTX Topco Ltd bought a new stake in General Dynamics Co. (NYSE:GD) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,722 shares of the aerospace company’s stock, valued at approximately $1,370,000.

Several other hedge funds and other institutional investors have also modified their holdings of GD. Richardson Financial Services Inc. acquired a new stake in General Dynamics during the 4th quarter worth about $25,000. Redmont Wealth Advisors LLC acquired a new stake in shares of General Dynamics during the first quarter worth approximately $25,000. Financial Synergies Wealth Advisors Inc. purchased a new position in General Dynamics during the first quarter valued at approximately $29,000. New Covenant Trust Company N.A. acquired a new position in General Dynamics in the 1st quarter valued at approximately $29,000. Finally, American Capital Advisory LLC purchased a new stake in General Dynamics in the 2nd quarter worth approximately $29,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Buying and Selling

In related news, Director Peter A. Wall sold 1,320 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 3,592 shares in the company, valued at approximately $1,106,515.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.52% of the stock is owned by corporate insiders.

General Dynamics Stock Performance

GD opened at $306.87 on Friday. General Dynamics Co. has a 12-month low of $214.53 and a 12-month high of $309.97. The firm has a market capitalization of $84.19 billion, a P/E ratio of 25.03, a price-to-earnings-growth ratio of 1.64 and a beta of 0.61. The stock’s 50 day moving average price is $294.79 and its two-hundred day moving average price is $290.97. 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 quarterly earnings data on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share (EPS) 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 company had revenue of $11.98 billion during the quarter, compared to analyst estimates of $11.46 billion. During the same quarter in the previous year, the business posted $2.70 EPS. The company’s revenue was up 18.0% on a year-over-year basis. On average, equities analysts forecast that General Dynamics Co. will post 14.52 earnings per share for the current year.

General Dynamics Dividend Announcement

The firm 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. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Friday, October 11th. General Dynamics’s payout ratio is 46.33%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Barclays upped their price target on shares of General Dynamics from $310.00 to $325.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th. Wells Fargo & Company upped their target price on General Dynamics from $330.00 to $334.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. BTIG Research initiated 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. Royal Bank of Canada restated an “outperform” rating and issued a $320.00 price objective on shares of General Dynamics in a report on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of General Dynamics in a research note on Monday, July 29th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, General Dynamics presently has an average rating of “Moderate Buy” and a consensus 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.