Brightworth acquired a new stake in shares of General Dynamics during the 3rd quarter worth $5,882,000. The fund purchased 4,566 shares of the aerospace company's stock, valued at approximately $929,000.
General Dynamics will pay $40.75 per CSRA share. The institutional investor owned 1,543 shares of the aerospace company's stock after acquiring an additional 351 shares during the quarter. Amalgamated Bank now owns 30,733 shares of the aerospace company's stock worth $6,318,000 after purchasing an additional 549 shares in the last quarter. Quadrant Capital Group LLC now owns 645 shares of the aerospace company's stock worth $110,000 after buying an additional 37 shares during the period. Finally, Roberts Glore & Co. Inc. NY increased its stake in shares of General Dynamics by 2.4% in the fourth quarter. Roberts Glore & Co. Inc.
Institutional investors have recently bought and sold shares of the company.
A number of brokerages have commented on GD.
General Dynamics's $40.75-per-share cash offer represents a premium of 32 percent to CSRA stock's closing price on Friday. Cowen restated a buy rating and set a $230.00 price target on shares of General Dynamics in a report on Thursday, October 26th. Sanford C. Bernstein reissued a "market perform" rating and set a $237.00 target price (up previously from $218.00) on shares of General Dynamics in a research report on Thursday, January 25th. Stifel Nicolaus reaffirmed a hold rating and issued a $220.00 price objective on shares of General Dynamics in a research note on Tuesday, January 9th. The firm presently has a "buy" rating on the aerospace company's stock. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock.
Shares of General Dynamics Co. (NYSE GD) opened at $212.10 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.99 and a current ratio of 1.40.
General Dynamics Co. has a twelve month low of $182.16 and a twelve month high of $229.54. The firm has a market capitalization of $62,971.57, a price-to-earnings ratio of 21.32, a P/E/G ratio of 2.25 and a beta of 0.85.
General Dynamics (NYSE:GD) last released its earnings results on Wednesday, January 24th. The aerospace company reported $2.50 earnings per share for the quarter, beating analysts' consensus estimates of $2.37 by $0.13. General Dynamics had a net margin of 9.40% and a return on equity of 27.22%. The company had revenue of $8.28 billion for the quarter, compared to the consensus estimate of $8.40 billion. During the same quarter in the prior year, the business posted $1.89 EPS. They now have a $237.00 price target on the aerospace company's stock, up from their prior price target of $218.00. Shareholders of record on Friday, January 19th were issued a dividend of $0.84 per share. The ex-dividend date of this dividend was Thursday, January 18th. General Dynamics's payout ratio is 35.18%.
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Chairman and CEO Phebe Novakovic said in a printed statement that the acquisition will help General Dynamics provide cost-effective Internet technology solutions to the Department of Defense, intelligence community and federal civilian agencies.
The deal folds CSRA into General Dynamics' information systems and technology business, which is its largest unit, and also provides combat software and combat-ready computing equipment.