General Dynamics Co. (NYSE:GD) Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of General Dynamics Co. (NYSE:GD - Free Report) by 38.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 243,730 shares of the aerospace company's stock after buying an additional 67,167 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.09% of General Dynamics worth $64,220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Barclays PLC lifted its stake in shares of General Dynamics by 43.1% during the third quarter. Barclays PLC now owns 942,485 shares of the aerospace company's stock worth $284,818,000 after buying an additional 283,972 shares during the period. Czech National Bank lifted its stake in shares of General Dynamics by 6.6% during the fourth quarter. Czech National Bank now owns 55,982 shares of the aerospace company's stock worth $14,751,000 after buying an additional 3,450 shares during the period. Fiduciary Alliance LLC acquired a new stake in shares of General Dynamics during the fourth quarter worth $430,000. Trust Co. of Toledo NA OH lifted its stake in shares of General Dynamics by 12.6% during the fourth quarter. Trust Co. of Toledo NA OH now owns 14,951 shares of the aerospace company's stock worth $3,939,000 after buying an additional 1,669 shares during the period. Finally, Thomasville National Bank raised its stake in shares of General Dynamics by 3.2% in the fourth quarter. Thomasville National Bank now owns 72,386 shares of the aerospace company's stock worth $19,073,000 after purchasing an additional 2,242 shares during the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at General Dynamics

In other General Dynamics news, SVP Marguerite Amy Gilliland sold 27,562 shares of General Dynamics stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $272.11, for a total value of $7,499,895.82. Following the completion of the transaction, the senior vice president now directly owns 45,192 shares in the company, valued at $12,297,195.12. The trade was a 37.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on GD shares. Susquehanna raised their price objective on General Dynamics from $300.00 to $315.00 and gave the stock a "positive" rating in a research note on Wednesday, April 2nd. The Goldman Sachs Group reduced their price objective 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. Cowen reaffirmed a "buy" rating on shares of General Dynamics in a report on Thursday, April 24th. JPMorgan Chase & Co. dropped their target price on General Dynamics from $307.00 to $284.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. Finally, William Blair lowered General Dynamics from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, General Dynamics presently has a consensus rating of "Hold" and a consensus target price of $293.00.

General Dynamics Trading Up 0.7%

GD traded up $2.03 during trading on Friday, hitting $280.54. The company's stock had a trading volume of 1,173,759 shares, compared to its average volume of 1,374,435. General Dynamics Co. has a twelve month low of $239.20 and a twelve month high of $316.90. The stock has a market cap of $75.29 billion, a PE ratio of 20.57, a PEG ratio of 1.69 and a beta of 0.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.37 and a quick ratio of 0.82. The firm's 50 day moving average price is $269.38 and its 200-day moving average price is $269.18.

General Dynamics (NYSE:GD - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share for the quarter, beating analysts' consensus estimates of $3.43 by $0.23. General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. The firm had revenue of $12.22 billion for the quarter, compared to analysts' expectations of $11.92 billion. During the same quarter last year, the firm earned $2.88 earnings per share. The firm's revenue for the quarter was up 13.9% compared to the same quarter last year. On average, analysts expect that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 11th were issued a dividend of $1.50 per share. This is a positive change from General Dynamics's previous quarterly dividend of $1.42. This represents a $6.00 annualized dividend and a yield of 2.14%. The ex-dividend date was Friday, April 11th. General Dynamics's dividend payout ratio (DPR) is currently 41.61%.

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.