Royal Bank of Canada Has $773.36 Million Holdings in General Dynamics Co. (NYSE:GD)

Royal Bank of Canada raised its holdings in shares of General Dynamics Co. (NYSE:GD - Free Report) by 5.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,935,046 shares of the aerospace company's stock after acquiring an additional 145,978 shares during the period. Royal Bank of Canada owned approximately 1.07% of General Dynamics worth $773,355,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Castlekeep Investment Advisors LLC bought a new stake in shares of General Dynamics in the 4th quarter worth $279,582,000. Raymond James Financial Inc. bought a new stake in shares of General Dynamics in the 4th quarter worth $197,238,000. Vanguard Group Inc. raised its stake in shares of General Dynamics by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 23,780,078 shares of the aerospace company's stock worth $6,265,813,000 after buying an additional 706,317 shares in the last quarter. Capital Research Global Investors raised its stake in shares of General Dynamics by 7.4% in the 4th quarter. Capital Research Global Investors now owns 6,734,148 shares of the aerospace company's stock worth $1,774,381,000 after buying an additional 463,497 shares in the last quarter. Finally, Barclays PLC raised its stake in shares of General Dynamics by 43.1% in the 3rd 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 in the last quarter. Institutional investors own 86.14% of the company's stock.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, SVP Marguerite Amy Gilliland sold 27,562 shares of the business's stock in a transaction dated 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 sale, the senior vice president now owns 45,192 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on GD shares. Morgan Stanley decreased their target price on General Dynamics from $305.00 to $300.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Argus set a $295.00 target price on General Dynamics in a report on Tuesday, May 6th. UBS Group lifted their target price on General Dynamics from $268.00 to $279.00 and gave the stock a "neutral" rating in a report on Thursday, April 24th. TD Cowen decreased their target price on General Dynamics from $315.00 to $295.00 in a report on Tuesday, January 28th. Finally, Susquehanna lifted their target price on General Dynamics from $300.00 to $315.00 and gave the stock a "positive" rating in a report on Wednesday, April 2nd. 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat, General Dynamics presently has a consensus rating of "Hold" and an average price target of $293.00.

General Dynamics Stock Up 0.2%

NYSE 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. The business has a 50 day moving average price of $269.70 and a 200 day moving average price of $268.65. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. General Dynamics Co. has a 1 year low of $239.20 and a 1 year high of $316.90. The company has a market capitalization of $75.46 billion, a price-to-earnings ratio of 20.61, a P/E/G ratio of 1.69 and a beta of 0.49.

General Dynamics (NYSE:GD - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 EPS 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 the consensus estimate of $11.92 billion. During the same quarter in the previous year, the company posted $2.88 earnings per share. The business's quarterly revenue was up 13.9% compared to the same quarter last year. On average, analysts forecast 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 was paid on Friday, May 9th. Shareholders of record on Friday, April 11th were paid a $1.50 dividend. The ex-dividend date of this dividend was Friday, April 11th. This represents a $6.00 dividend on an annualized basis and a yield of 2.13%. This is an increase from General Dynamics's previous quarterly dividend of $1.42. General Dynamics's payout ratio is 41.61%.

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.