Diversified Trust Co Increases Holdings in General Dynamics Corporation (NYSE:GD)

Diversified Trust Co increased its stake in General Dynamics Corporation (NYSE:GD - Free Report) by 94.6% during the first quarter, according to its most recent filing with the SEC. The fund owned 4,322 shares of the aerospace company's stock after buying an additional 2,101 shares during the quarter. Diversified Trust Co's holdings in General Dynamics were worth $1,178,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of General Dynamics by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 23,780,078 shares of the aerospace company's stock valued at $6,265,813,000 after buying an additional 706,317 shares during the last quarter. Capital Research Global Investors lifted its holdings in General Dynamics by 7.4% during the fourth quarter. Capital Research Global Investors now owns 6,734,148 shares of the aerospace company's stock valued at $1,774,381,000 after purchasing an additional 463,497 shares during the last quarter. Geode Capital Management LLC boosted its position in General Dynamics by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 5,688,672 shares of the aerospace company's stock worth $1,496,939,000 after purchasing an additional 131,268 shares during the period. Sanders Capital LLC increased its stake in shares of General Dynamics by 0.8% in the fourth quarter. Sanders Capital LLC now owns 4,212,422 shares of the aerospace company's stock worth $1,109,931,000 after purchasing an additional 33,962 shares in the last quarter. Finally, Royal Bank of Canada raised its position in shares of General Dynamics by 5.2% in the fourth quarter. Royal Bank of Canada now owns 2,935,046 shares of the aerospace company's stock valued at $773,355,000 after purchasing an additional 145,978 shares during the period. Institutional investors own 86.14% of the company's stock.

General Dynamics Stock Down 0.2%

GD opened at $290.83 on Friday. The company has a market cap of $78.06 billion, a P/E ratio of 20.17, a P/E/G ratio of 1.96 and a beta of 0.46. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $316.90. The business's 50-day moving average price is $276.55 and its 200-day moving average price is $267.06. The company has a current ratio of 1.34, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.23. General Dynamics had a return on equity of 17.82% and a net margin of 8.08%. The firm had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.92 billion. During the same quarter in the previous year, the company posted $2.88 earnings per share. The business's revenue was up 13.9% on a year-over-year basis. On average, equities analysts expect that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, July 3rd. General Dynamics's payout ratio is 41.61%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. TD Cowen lifted their price objective on shares of General Dynamics from $290.00 to $300.00 and gave the company a "buy" rating in a research note on Wednesday. Argus set a $295.00 price target on shares of General Dynamics in a report on Tuesday, May 6th. UBS Group increased their target price on shares of General Dynamics from $268.00 to $279.00 and gave the stock a "neutral" rating in a research note on Thursday, April 24th. Susquehanna boosted their price target on shares of General Dynamics from $300.00 to $315.00 and gave the company a "positive" rating in a research report on Wednesday, April 2nd. Finally, TD Securities increased their price objective on General Dynamics from $275.00 to $290.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $290.24.

Insider Activity

In other news, CEO Phebe N. Novakovic sold 178,821 shares of the business's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $283.13, for a total transaction of $50,629,589.73. Following the transaction, the chief executive officer now directly owns 769,607 shares of the company's stock, valued at approximately $217,898,829.91. The trade was a 18.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.50% of the company's stock.

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.

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