Jmac Enterprises LLC boosted its position in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 110.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,437 shares of the aerospace company's stock after purchasing an additional 1,800 shares during the period. Jmac Enterprises LLC's holdings in General Dynamics were worth $937,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of General Dynamics by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 23,780,078 shares of the aerospace company's stock valued at $6,265,813,000 after acquiring an additional 706,317 shares during the last quarter. Capital Research Global Investors increased its position in shares of 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 acquiring an additional 463,497 shares during the last quarter. Geode Capital Management LLC increased its position in shares of 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 valued at $1,496,939,000 after acquiring an additional 131,268 shares during the last quarter. Sanders Capital LLC increased its position in shares of General Dynamics by 0.8% during the fourth quarter. Sanders Capital LLC now owns 4,212,422 shares of the aerospace company's stock valued at $1,109,931,000 after acquiring an additional 33,962 shares during the last quarter. Finally, Royal Bank of Canada increased its position in shares of General Dynamics by 5.2% during 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 acquiring an additional 145,978 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at General Dynamics
In other General Dynamics news, CEO Phebe N. Novakovic sold 178,821 shares of the firm's stock in a transaction on Friday, June 13th. The shares were 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. This trade represents a 18.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.50% of the company's stock.
General Dynamics Trading Down 0.0%
NYSE GD opened at $278.46 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.34 and a quick ratio of 0.82. The firm's fifty day moving average price is $275.58 and its 200 day moving average price is $266.45. The company has a market capitalization of $74.74 billion, a price-to-earnings ratio of 19.31, a price-to-earnings-growth ratio of 1.88 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.
General Dynamics (NYSE:GD - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 EPS for the quarter, beating analysts' consensus estimates of $3.43 by $0.23. The firm had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.92 billion. General Dynamics had a net margin of 8.08% and a return on equity of 17.82%. The company's revenue was up 13.9% on a year-over-year basis. During the same period last year, the firm posted $2.88 EPS. On average, sell-side analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.
General Dynamics Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors 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 2.15%. The ex-dividend date is Thursday, July 3rd. General Dynamics's dividend payout ratio (DPR) is 41.61%.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the stock. UBS Group upped 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. Argus set a $295.00 target price on shares of General Dynamics in a research note on Tuesday, May 6th. Cowen reaffirmed a "buy" rating on shares of General Dynamics in a research note on Thursday, April 24th. Wells Fargo & Company cut their target price on shares of General Dynamics from $261.00 to $236.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Finally, Morgan Stanley cut their target price on shares of General Dynamics from $305.00 to $300.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, General Dynamics has a consensus rating of "Hold" and a consensus price target of $293.00.
Get Our Latest Stock Analysis on GD
General Dynamics Profile
(
Free Report)
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.
Further Reading
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