Zurcher Kantonalbank Zurich Cantonalbank Raises Stock Holdings in General Dynamics Co. (NYSE:GD)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in General Dynamics Co. (NYSE:GD) by 0.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 52,868 shares of the aerospace company’s stock after buying an additional 146 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in General Dynamics were worth $13,728,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of GD. Certified Advisory Corp purchased a new position in General Dynamics during the 1st quarter worth $25,000. Briaud Financial Planning Inc purchased a new position in General Dynamics during the 3rd quarter worth $27,000. Impact Partnership Wealth LLC increased its holdings in General Dynamics by 411.5% during the 3rd quarter. Impact Partnership Wealth LLC now owns 133 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 107 shares during the period. Live Oak Investment Partners purchased a new position in General Dynamics during the 4th quarter worth $30,000. Finally, Tyler Stone Wealth Management purchased a new position in General Dynamics during the 2nd quarter worth $30,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

General Dynamics Price Performance

NYSE:GD opened at $285.27 on Friday. The stock has a market capitalization of $78.27 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 1.81 and a beta of 0.68. General Dynamics Co. has a 52 week low of $202.35 and a 52 week high of $296.50. The company has a quick ratio of 0.92, a current ratio of 1.44 and a debt-to-equity ratio of 0.41. The stock’s 50-day moving average price is $278.70 and its 200-day moving average price is $259.03.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $3.64 EPS for the quarter, missing the consensus estimate of $3.68 by ($0.04). General Dynamics had a net margin of 7.84% and a return on equity of 16.61%. The business had revenue of $11.67 billion during the quarter, compared to analyst estimates of $11.39 billion. During the same period in the previous year, the business posted $3.58 earnings per share. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. As a group, equities analysts expect that General Dynamics Co. will post 14.57 EPS for the current fiscal year.

General Dynamics Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 12th will be given a dividend of $1.42 per share. The ex-dividend date is Thursday, April 11th. This is a boost from General Dynamics’s previous quarterly dividend of $1.32. This represents a $5.68 dividend on an annualized basis and a yield of 1.99%. General Dynamics’s dividend payout ratio is currently 47.25%.

Analyst Ratings Changes

Several research analysts have commented on the company. UBS Group raised their price objective on General Dynamics from $286.00 to $296.00 and gave the stock a “neutral” rating in a report on Monday, January 29th. Susquehanna raised their price objective on General Dynamics from $301.00 to $333.00 and gave the stock a “positive” rating in a research report on Friday, April 12th. Royal Bank of Canada raised their price objective on General Dynamics from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. Barclays raised their price objective on General Dynamics from $285.00 to $310.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Wells Fargo & Company raised their price objective on General Dynamics from $291.00 to $322.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $283.80.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, EVP Mark C. Roualet sold 73,330 shares of the stock in a transaction on Friday, January 26th. The shares were sold at an average price of $264.75, for a total transaction of $19,414,117.50. Following the transaction, the executive vice president now directly owns 149,205 shares of the company’s stock, valued at $39,502,023.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other General Dynamics news, EVP Mark C. Roualet sold 73,330 shares of the stock in a transaction on Friday, January 26th. The shares were sold at an average price of $264.75, for a total transaction of $19,414,117.50. Following the transaction, the executive vice president now directly owns 149,205 shares of the company’s stock, valued at $39,502,023.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Phebe N. Novakovic sold 32,355 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $264.31, for a total transaction of $8,551,750.05. Following the transaction, the chief executive officer now directly owns 773,977 shares in the company, valued at $204,569,860.87. The disclosure for this sale can be found here. Insiders own 1.52% of the company’s stock.

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.