General Dynamics Co. (NYSE:GD) Shares Acquired by Vident Advisory LLC

Vident Advisory LLC lifted its holdings in shares of General Dynamics Co. (NYSE:GD) by 28.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 92,364 shares of the aerospace company’s stock after acquiring an additional 20,712 shares during the period. Vident Advisory LLC’s holdings in General Dynamics were worth $24,337,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. St. Clair Advisors LLC acquired a new position in General Dynamics during the fourth quarter worth approximately $461,000. Two Sigma Investments LP increased its position in General Dynamics by 11.1% during the fourth quarter. Two Sigma Investments LP now owns 693,698 shares of the aerospace company’s stock worth $182,782,000 after buying an additional 69,067 shares during the period. Texas Bank & Trust Co purchased a new position in shares of General Dynamics in the 4th quarter valued at approximately $707,000. Teza Capital Management LLC purchased a new position in shares of General Dynamics in the 4th quarter valued at approximately $3,772,000. Finally, Tidal Investments LLC grew its stake in shares of General Dynamics by 21.9% in the 4th quarter. Tidal Investments LLC now owns 96,991 shares of the aerospace company’s stock valued at $25,556,000 after purchasing an additional 17,423 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Transactions at General Dynamics

In other news, SVP Marguerite Amy Gilliland sold 27,562 shares of the 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 in the company, valued at approximately $12,297,195.12. This trade represents a 37.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.50% of the company’s stock.

General Dynamics Stock Up 0.7%

GD opened at $280.54 on Monday. The business’s fifty day moving average is $269.70 and its two-hundred day moving average is $268.65. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.37. The company has a market cap of $75.29 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 1.69 and a beta of 0.49. General Dynamics Co. has a one year low of $239.20 and a one year high of $316.90.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share for the quarter, topping analysts’ consensus estimates of $3.43 by $0.23. The company had revenue of $12.22 billion during the quarter, compared to analysts’ expectations of $11.92 billion. General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.88 earnings per share. Analysts anticipate that General Dynamics Co. will post 14.83 EPS for the current fiscal year.

General Dynamics Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 11th were paid a $1.50 dividend. 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 of this dividend was Friday, April 11th. General Dynamics’s dividend payout ratio is presently 41.61%.

Analysts Set New Price Targets

Several research analysts have weighed in on GD shares. JPMorgan Chase & Co. lowered their target price on General Dynamics from $307.00 to $284.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Cowen reiterated a “buy” rating on shares of General Dynamics in a research note on Thursday, April 24th. UBS Group lifted their target price on General Dynamics from $268.00 to $279.00 and gave the company a “neutral” rating in a research note on Thursday, April 24th. BTIG Research downgraded General Dynamics from a “buy” rating to a “neutral” rating in a research note on Thursday, February 13th. Finally, Barclays decreased their price target on General Dynamics from $305.00 to $285.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $293.00.

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.