Mufg Securities Americas Inc. Purchases Shares of 3,810 General Dynamics Co. (NYSE:GD)

Mufg Securities Americas Inc. purchased a new stake in shares of General Dynamics Co. (NYSE:GD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,810 shares of the aerospace company's stock, valued at approximately $1,004,000.

Other large investors have also recently made changes to their positions in the company. Nomura Holdings Inc. boosted its holdings in shares of General Dynamics by 163.2% in the fourth quarter. Nomura Holdings Inc. now owns 12,019 shares of the aerospace company's stock worth $3,167,000 after buying an additional 7,452 shares during the last quarter. NorthRock Partners LLC boosted its stake in shares of General Dynamics by 62.5% during the 4th quarter. NorthRock Partners LLC now owns 2,350 shares of the aerospace company's stock worth $619,000 after acquiring an additional 904 shares during the last quarter. Numerai GP LLC bought a new stake in shares of General Dynamics during the 4th quarter valued at $3,029,000. Occudo Quantitative Strategies LP purchased a new stake in shares of General Dynamics in the 4th quarter worth $1,413,000. Finally, OMERS ADMINISTRATION Corp raised its holdings in General Dynamics by 20.5% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 9,696 shares of the aerospace company's stock worth $2,555,000 after purchasing an additional 1,648 shares during the period. 86.14% of the stock is currently owned by institutional investors.

General Dynamics Trading Up 0.7%

Shares of GD traded up $2.03 during mid-day trading on Friday, reaching $280.54. 1,173,759 shares of the company's stock traded hands, compared to its average volume of 1,376,364. 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 stock's 50-day moving average is $269.70 and its two-hundred day moving average is $269.03. General Dynamics Co. has a 12 month low of $239.20 and a 12 month high of $316.90. The stock has a market cap of $75.29 billion, a P/E ratio of 20.57, a P/E/G ratio of 1.69 and a beta of 0.49.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The aerospace company reported $3.66 EPS for the quarter, beating the consensus estimate of $3.43 by $0.23. General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. The company had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.92 billion. During the same quarter in the prior year, the company posted $2.88 EPS. General Dynamics's quarterly revenue was up 13.9% on a year-over-year basis. Research analysts forecast that General Dynamics Co. will post 14.83 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

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

Insider Activity

In other General Dynamics news, SVP Marguerite Amy Gilliland sold 27,562 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $272.11, for a total transaction of $7,499,895.82. Following the transaction, the senior vice president now owns 45,192 shares of the company's stock, valued at approximately $12,297,195.12. This trade represents a 37.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GD. Wells Fargo & Company dropped their price target on shares of General Dynamics from $261.00 to $236.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Morgan Stanley dropped their target price on shares of General Dynamics from $305.00 to $300.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Royal Bank of Canada decreased their price target on General Dynamics from $290.00 to $280.00 and set a "sector perform" rating on the stock in a report on Thursday, January 30th. TD Securities upped their price objective on General Dynamics from $275.00 to $290.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Finally, William Blair downgraded General Dynamics from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, General Dynamics has a consensus rating of "Hold" and an average price target of $293.00.

About General Dynamics

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.