OMERS ADMINISTRATION Corp Raises Stock Position in General Dynamics Co. (NYSE:GD)

OMERS ADMINISTRATION Corp raised its holdings in shares of General Dynamics Co. (NYSE:GD - Free Report) by 20.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,696 shares of the aerospace company's stock after buying an additional 1,648 shares during the period. OMERS ADMINISTRATION Corp's holdings in General Dynamics were worth $2,555,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Financial Life Planners purchased a new stake in shares of General Dynamics in the fourth quarter worth $25,000. Whipplewood Advisors LLC purchased a new stake in shares of General Dynamics in the fourth quarter worth $26,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of General Dynamics in the fourth quarter worth $26,000. Sugar Maple Asset Management LLC purchased a new stake in shares of General Dynamics in the fourth quarter worth $28,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of General Dynamics in the fourth quarter worth $28,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

General Dynamics Trading Up 0.7%

Shares of General Dynamics stock traded up $2.03 during trading on Friday, hitting $280.54. The stock had a trading volume of 1,173,759 shares, compared to its average volume of 1,376,364. The firm's fifty day simple moving average is $269.70 and its 200-day simple moving average is $269.03. 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. General Dynamics Co. has a 12 month low of $239.20 and a 12 month high of $316.90.

General Dynamics (NYSE:GD - Get Free Report) last released its earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.23. The firm had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.92 billion. General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. The business's revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the business earned $2.88 EPS. As a group, sell-side analysts expect that General Dynamics Co. will post 14.83 EPS for the current fiscal year.

General Dynamics Increases Dividend

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

Analyst Ratings Changes

GD has been the subject of a number of research reports. Citigroup dropped their target price on shares of General Dynamics from $335.00 to $330.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. 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 research report on Thursday, April 24th. Cowen restated a "buy" rating on shares of General Dynamics in a research report on Thursday, April 24th. Susquehanna upped their target price on shares of General Dynamics from $300.00 to $315.00 and gave the stock a "positive" rating in a research report on Wednesday, April 2nd. Finally, BTIG Research lowered shares of General Dynamics from a "buy" rating to a "neutral" rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $293.00.

Insider Buying and Selling

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. 1.50% of the stock is currently owned by insiders.

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.