The Manufacturers Life Insurance Company boosted its holdings in shares of General Dynamics Co. (NYSE:GD - Free Report) by 4.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 545,143 shares of the aerospace company's stock after purchasing an additional 24,633 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.20% of General Dynamics worth $143,640,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Optiver Holding B.V. increased its holdings in General Dynamics by 289.0% during the 4th quarter. Optiver Holding B.V. now owns 922 shares of the aerospace company's stock worth $243,000 after purchasing an additional 685 shares during the last quarter. Bellwether Advisors LLC acquired a new position in shares of General Dynamics in the 4th quarter worth approximately $63,000. Beacon Pointe Advisors LLC grew its position in shares of General Dynamics by 7.5% in the 4th quarter. Beacon Pointe Advisors LLC now owns 6,039 shares of the aerospace company's stock worth $1,591,000 after acquiring an additional 420 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management grew its position in shares of General Dynamics by 112.5% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 4,351 shares of the aerospace company's stock worth $1,147,000 after acquiring an additional 2,303 shares in the last quarter. Finally, Oxford Asset Management LLP grew its position in shares of General Dynamics by 242.9% in the 4th quarter. Oxford Asset Management LLP now owns 2,486 shares of the aerospace company's stock worth $655,000 after acquiring an additional 1,761 shares in the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.
General Dynamics Price Performance
Shares of NYSE:GD traded down $0.38 during trading hours on Thursday, hitting $271.74. 1,319,910 shares of the company's stock traded hands, compared to its average volume of 1,362,451. General Dynamics Co. has a 52 week low of $239.20 and a 52 week high of $316.90. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.37. The company's fifty day simple moving average is $265.87 and its two-hundred day simple moving average is $271.59. The company has a market cap of $72.93 billion, a price-to-earnings ratio of 19.92, a price-to-earnings-growth ratio of 1.69 and a beta of 0.43.
General Dynamics (NYSE:GD - Get Free Report) last posted 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 net margin of 7.93% and a return on equity of 17.10%. The company had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.92 billion. During the same quarter last year, the firm posted $2.88 EPS. The business's revenue for the quarter was up 13.9% on a year-over-year basis. As a group, equities analysts anticipate that General Dynamics Co. will post 14.83 EPS for the current fiscal year.
General Dynamics Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 11th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 2.21%. This is a boost from General Dynamics's previous quarterly dividend of $1.42. The ex-dividend date is Friday, April 11th. General Dynamics's dividend payout ratio (DPR) is presently 41.61%.
Wall Street Analyst Weigh In
GD has been the subject of a number of analyst reports. Robert W. Baird restated a "neutral" rating and set a $283.00 price objective (down previously from $345.00) on shares of General Dynamics in a research report on Tuesday, January 14th. Royal Bank of Canada reduced their price objective on General Dynamics from $290.00 to $280.00 and set a "sector perform" rating for the company in a research report on Thursday, January 30th. The Goldman Sachs Group decreased their price target on General Dynamics from $245.00 to $241.00 and set a "sell" rating for the company in a research note on Tuesday, January 28th. William Blair cut shares of General Dynamics from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. Finally, UBS Group increased their target price on shares of General Dynamics from $268.00 to $279.00 and gave the company a "neutral" rating in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, General Dynamics currently has a consensus rating of "Hold" and an average target price of $292.88.
Check Out Our Latest Analysis on GD
Insiders Place Their Bets
In other news, SVP Marguerite Amy Gilliland sold 27,562 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $272.11, for a total value of $7,499,895.82. Following the completion of the sale, the senior vice president now directly owns 45,192 shares of the company's stock, valued at $12,297,195.12. This represents a 37.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Laura J. Schumacher sold 1,796 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $255.68, for a total transaction of $459,201.28. Following the completion of the sale, the director now directly owns 11,175 shares of the company's stock, valued at $2,857,224. This trade represents a 13.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company's stock.
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.
Featured Stories
Before you consider General Dynamics, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and General Dynamics wasn't on the list.
While General Dynamics currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
