General Dynamics to buy govt IT contractor CSRA for $6.8 bln

NATION-NOW     General Dynamics buying CSRA for about $6.8 billion     
       General Dynamics buying CSRA for about $6.8 billion

NATION-NOW General Dynamics buying CSRA for about $6.8 billion General Dynamics buying CSRA for about $6.8 billion

(NYSE:GD) by 29.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company.

The move comes as revenue at General Dynamics disappointed investors in the previous two quarters due to the US administration's lack of appointees at the Pentagon and a failure by Congress to pass a federal budget. Park National Corp OH now owns 45,986 shares of the aerospace company's stock worth $9,454,000 after purchasing an additional 3,234 shares in the last quarter. Ltd. increased its stake in shares of General Dynamics by 1.2% in the fourth quarter. Ltd. now owns 39,139 shares of the aerospace company's stock valued at $7,896,000 after buying an additional 472 shares during the period. Finally, Alpha Cubed Investments LLC acquired a new stake in shares of General Dynamics during the 3rd quarter worth $278,000. ETRADE Capital Management LLC now owns 2,337 shares of the aerospace company's stock valued at $481,000 after purchasing an additional 643 shares in the last quarter. ETRADE Capital Management LLC grew its position in shares of General Dynamics by 38.0% in the third quarter. WASHINGTON TRUST Co now owns 2,577 shares of the aerospace company's stock valued at $524,000 after buying an additional 345 shares during the period. Finally, Roberts Glore & Co. Inc. IL increased its stake in General Dynamics by 2.2% during the 2nd quarter. Roberts Glore & Co. Inc. Institutional investors own 87.03% of the company's stock.

A number of brokerages have commented on GD.

CSRA shares, which closed at $30.82 Friday, surged. Buckingham Research reiterated a "buy" rating and set a $260.00 price target (up previously from $230.00) on shares of General Dynamics in a research note on Tuesday, January 30th. Royal Bank of Canada increased their price target on shares of General Dynamics to $258.00 and gave the stock an "outperform" rating in a research note 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. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company's stock. The stock now has a consensus rating of "Hold" and an average target price of $231.94. (NYSE GD) opened at $212.10 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.40 and a quick ratio of 0.99. Zacks Investment Research cut General Dynamics from a "buy" rating to a "hold" rating in a research report on Monday, October 16th. The company has a market capitalization of $62,971.57, a P/E ratio of 21.32, a P/E/G ratio of 2.25 and a beta of 0.85.

General Dynamics (NYSE:GD) last posted its quarterly 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 return on equity of 27.22% and a net margin of 9.40%. The company had revenue of $8.28 billion for the quarter, compared to analysts' expectations of $8.40 billion. During the same quarter in the prior year, the business posted $1.89 EPS. Shareholders of record on Friday, January 19th were issued a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date was Thursday, January 18th. General Dynamics's dividend payout ratio (DPR) is presently 35.18%.