General Dynamics Co. (NYSE:GD) Shares Acquired by Nomura Holdings Inc.

Nomura Holdings Inc. boosted its position in shares of General Dynamics Co. (NYSE:GD - Free Report) by 163.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,019 shares of the aerospace company's stock after acquiring an additional 7,452 shares during the period. Nomura Holdings Inc.'s holdings in General Dynamics were worth $3,167,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Financial Life Planners purchased a new stake in General Dynamics during the fourth quarter valued at approximately $25,000. Whipplewood Advisors LLC purchased a new stake in General Dynamics during the fourth quarter valued at approximately $26,000. Kohmann Bosshard Financial Services LLC purchased a new stake in General Dynamics during the fourth quarter valued at approximately $26,000. Sugar Maple Asset Management LLC purchased a new position in shares of General Dynamics in the fourth quarter worth $28,000. Finally, Heck Capital Advisors LLC purchased a new position in shares of General Dynamics in the fourth quarter worth $28,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

Insider Activity

In other news, SVP Marguerite Amy Gilliland sold 27,562 shares of General Dynamics stock in a transaction dated 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 sale, the senior vice president now owns 45,192 shares in the company, valued at $12,297,195.12. This trade represents a 37.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on GD shares. JPMorgan Chase & Co. decreased their price target on shares of General Dynamics from $307.00 to $284.00 and set an "overweight" rating for the company in a report on Thursday, January 30th. Susquehanna raised their price target on shares of General Dynamics from $300.00 to $315.00 and gave the stock a "positive" rating in a report on Wednesday, April 2nd. BTIG Research cut shares of General Dynamics from a "buy" rating to a "neutral" rating in a report on Thursday, February 13th. TD Securities raised their price target on shares of General Dynamics from $275.00 to $290.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Finally, UBS Group raised their price target on shares of General Dynamics from $268.00 to $279.00 and gave the stock a "neutral" rating in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, General Dynamics presently has an average rating of "Hold" and an average price target of $293.00.

General Dynamics Stock Performance

GD traded up $0.46 on Monday, reaching $281.17. The stock had a trading volume of 802,071 shares, compared to its average volume of 1,374,066. General Dynamics Co. has a 12-month low of $239.20 and a 12-month high of $316.90. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. The business's 50-day moving average price is $269.70 and its two-hundred day moving average price is $268.65. The company has a market cap of $75.46 billion, a P/E ratio of 20.61, a price-to-earnings-growth ratio of 1.69 and a beta of 0.49.

General Dynamics (NYSE:GD - Get Free Report) last released its quarterly earnings data 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 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 analysts' expectations of $11.92 billion. During the same quarter in the previous year, the company earned $2.88 earnings per share. The firm's revenue for the quarter was up 13.9% on a year-over-year basis. Sell-side analysts forecast that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 11th were issued a $1.50 dividend. This is a boost from General Dynamics's previous quarterly dividend of $1.42. The ex-dividend date was Friday, April 11th. This represents a $6.00 dividend on an annualized basis and a yield of 2.13%. General Dynamics's payout ratio is presently 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.