148 Shares in General Dynamics Co. (NYSE:GD) Bought by Rakuten Securities Inc.

Rakuten Securities Inc. bought a new position in General Dynamics Co. (NYSE:GD) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 148 shares of the aerospace company’s stock, valued at approximately $38,000.

Several other large investors have also recently added to or reduced their stakes in GD. Norges Bank acquired a new stake in General Dynamics in the fourth quarter worth $607,393,000. Wellington Management Group LLP grew its holdings in General Dynamics by 12.0% during the third quarter. Wellington Management Group LLP now owns 16,360,526 shares of the aerospace company’s stock worth $3,615,185,000 after acquiring an additional 1,755,276 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in General Dynamics by 484.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,749,729 shares of the aerospace company’s stock worth $399,306,000 after acquiring an additional 1,450,213 shares during the period. Moneta Group Investment Advisors LLC boosted its position in shares of General Dynamics by 91,832.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,386,337 shares of the aerospace company’s stock valued at $343,964,000 after purchasing an additional 1,384,829 shares during the period. Finally, International Assets Investment Management LLC boosted its position in shares of General Dynamics by 10,763.2% in the 4th quarter. International Assets Investment Management LLC now owns 923,593 shares of the aerospace company’s stock valued at $239,829,000 after purchasing an additional 915,091 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

General Dynamics Stock Up 0.3 %

GD opened at $285.27 on Friday. General Dynamics Co. has a fifty-two week low of $202.35 and a fifty-two week high of $296.50. The business has a 50-day moving average of $278.70 and a 200-day moving average of $259.03. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 0.92. The company 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 (NYSE:GD) last posted its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $3.64 earnings per share for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). General Dynamics had a return on equity of 16.61% and a net margin of 7.84%. The firm had revenue of $11.67 billion for the quarter, compared to analysts’ expectations of $11.39 billion. During the same period last year, the business earned $3.58 earnings per share. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities research analysts forecast 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. Investors of record on Friday, April 12th will be paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.99%. This is an increase from General Dynamics’s previous quarterly dividend of $1.32. The ex-dividend date is Thursday, April 11th. General Dynamics’s dividend payout ratio (DPR) is presently 47.25%.

Wall Street Analyst Weigh In

GD has been the subject of a number of recent analyst reports. Barclays increased their price target on General Dynamics from $285.00 to $310.00 and gave the company an “overweight” rating in a research report on Monday. Citigroup increased their price target on General Dynamics from $283.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. UBS Group increased their price target on General Dynamics from $286.00 to $296.00 and gave the company a “neutral” rating in a research report on Monday, January 29th. Wells Fargo & Company increased their price target on General Dynamics from $291.00 to $322.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Finally, 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. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, General Dynamics presently has an average rating of “Moderate Buy” and an average price target of $283.80.

Insider Activity at General Dynamics

In related news, CEO Phebe N. Novakovic sold 32,355 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $264.31, for a total value of $8,551,750.05. Following the transaction, the chief executive officer now directly owns 773,977 shares of the company’s stock, valued at approximately $204,569,860.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other General Dynamics news, EVP Mark C. Roualet sold 73,330 shares of General Dynamics stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $264.75, for a total value 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 approximately $39,502,023.75. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Phebe N. Novakovic sold 32,355 shares of General Dynamics stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $264.31, for a total value of $8,551,750.05. Following the completion of 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. 1.52% of the stock is owned by company insiders.

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.