O Shaughnessy Asset Management LLC Increases Stock Position in General Dynamics Corporation $GD

O Shaughnessy Asset Management LLC raised its position in General Dynamics Corporation (NYSE:GD) by 4.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 85,063 shares of the aerospace company’s stock after purchasing an additional 3,312 shares during the period. O Shaughnessy Asset Management LLC’s holdings in General Dynamics were worth $28,637,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GD. WASHINGTON TRUST Co boosted its holdings in shares of General Dynamics by 453.3% in the 3rd quarter. WASHINGTON TRUST Co now owns 9,418 shares of the aerospace company’s stock worth $3,212,000 after purchasing an additional 7,716 shares in the last quarter. Rockland Trust Co. raised its holdings in shares of General Dynamics by 703.4% during the 3rd quarter. Rockland Trust Co. now owns 10,548 shares of the aerospace company’s stock valued at $3,597,000 after buying an additional 9,235 shares in the last quarter. Vanguard Group Inc. lifted its position in General Dynamics by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 24,767,330 shares of the aerospace company’s stock worth $8,338,169,000 after buying an additional 528,769 shares during the last quarter. Modern Wealth Management LLC boosted its stake in General Dynamics by 114.7% in the third quarter. Modern Wealth Management LLC now owns 6,124 shares of the aerospace company’s stock worth $2,088,000 after buying an additional 3,271 shares in the last quarter. Finally, Jain Global LLC grew its position in General Dynamics by 97.8% during the third quarter. Jain Global LLC now owns 169,305 shares of the aerospace company’s stock valued at $57,733,000 after acquiring an additional 83,692 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Transactions at General Dynamics

In other General Dynamics news, CEO Phebe N. Novakovic sold 32,918 shares of General Dynamics stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $354.09, for a total value of $11,655,934.62. Following the completion of the sale, the chief executive officer owned 766,457 shares of the company’s stock, valued at approximately $271,394,759.13. This trade represents a 4.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Marguerite Amy Gilliland sold 3,819 shares of General Dynamics stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $353.50, for a total value of $1,350,016.50. Following the completion of the sale, the executive vice president owned 44,767 shares of the company’s stock, valued at $15,825,134.50. The trade was a 7.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 119,600 shares of company stock valued at $41,650,580 in the last quarter. 1.40% of the stock is owned by insiders.

General Dynamics Stock Down 1.6%

GD stock opened at $340.85 on Tuesday. General Dynamics Corporation has a fifty-two week low of $268.10 and a fifty-two week high of $369.70. The company has a market capitalization of $92.18 billion, a price-to-earnings ratio of 21.45, a price-to-earnings-growth ratio of 2.15 and a beta of 0.34. The business’s 50 day moving average price is $339.81 and its two-hundred day moving average price is $346.33. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.38.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, April 29th. The aerospace company reported $4.10 earnings per share for the quarter, beating analysts’ consensus estimates of $3.67 by $0.43. General Dynamics had a net margin of 8.07% and a return on equity of 17.41%. The business had revenue of $13.48 billion during the quarter, compared to the consensus estimate of $12.70 billion. During the same quarter last year, the firm earned $3.66 earnings per share. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. As a group, analysts forecast that General Dynamics Corporation will post 16.62 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 2nd will be issued a dividend of $1.59 per share. The ex-dividend date is Thursday, July 2nd. This represents a $6.36 annualized dividend and a dividend yield of 1.9%. General Dynamics’s dividend payout ratio (DPR) is presently 40.03%.

Analyst Ratings Changes

Several equities analysts recently commented on GD shares. Weiss Ratings lowered shares of General Dynamics from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 19th. DA Davidson cut their price target on shares of General Dynamics from $384.00 to $375.00 in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reduced their price objective on General Dynamics from $387.00 to $377.00 and set a “hold” rating on the stock in a research note on Wednesday, May 6th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $385.00 price target on shares of General Dynamics in a research note on Thursday, April 30th. Finally, Argus increased their price objective on General Dynamics from $380.00 to $395.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, General Dynamics has a consensus rating of “Moderate Buy” and an average target price of $387.40.

About General Dynamics

General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.

Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.