General Dynamics Corporation $GD Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC boosted its holdings in shares of General Dynamics Corporation (NYSE:GD) by 33.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,135 shares of the aerospace company’s stock after acquiring an additional 6,330 shares during the quarter. Intech Investment Management LLC’s holdings in General Dynamics were worth $8,462,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GD. Brighton Jones LLC increased its stake in General Dynamics by 16.9% during the fourth quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock worth $760,000 after acquiring an additional 417 shares during the last quarter. Acadian Asset Management LLC increased its stake in General Dynamics by 140.2% during the first quarter. Acadian Asset Management LLC now owns 3,445 shares of the aerospace company’s stock worth $938,000 after acquiring an additional 2,011 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in General Dynamics during the second quarter worth $240,000. Flow Traders U.S. LLC acquired a new stake in General Dynamics during the second quarter worth $352,000. Finally, Jump Financial LLC acquired a new stake in shares of General Dynamics in the second quarter valued at $1,284,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insiders Place Their Bets

In other General Dynamics news, CEO Phebe N. Novakovic sold 32,918 shares of General Dynamics stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $354.09, for a total transaction of $11,655,934.62. Following the completion of the sale, the chief executive officer directly owned 766,457 shares of the company’s stock, valued at $271,394,759.13. The trade was a 4.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 sale, the executive vice president directly owned 44,767 shares of the company’s stock, valued at $15,825,134.50. This trade represents a 7.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 119,600 shares of company stock valued at $41,650,580 in the last ninety days. Insiders own 1.40% of the company’s stock.

General Dynamics Stock Down 0.7%

Shares of NYSE GD opened at $346.47 on Friday. The company has a market capitalization of $93.69 billion, a price-to-earnings ratio of 21.80, a price-to-earnings-growth ratio of 2.16 and a beta of 0.34. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.38 and a quick ratio of 0.90. The business has a 50-day moving average of $340.85 and a two-hundred day moving average of $346.56. General Dynamics Corporation has a 1 year low of $268.10 and a 1 year high of $369.70.

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

General Dynamics Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 10th were issued a dividend of $1.59 per share. This is a positive change from General Dynamics’s previous quarterly dividend of $1.50. The ex-dividend date of this dividend was Friday, April 10th. This represents a $6.36 dividend on an annualized basis and a yield of 1.8%. General Dynamics’s dividend payout ratio (DPR) is presently 40.03%.

Analyst Ratings Changes

GD has been the subject of a number of research reports. BNP Paribas Exane dropped their price objective on General Dynamics from $430.00 to $390.00 and set an “outperform” rating for the company in a research note on Thursday, April 30th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $385.00 price objective on shares of General Dynamics in a research note on Thursday, April 30th. Wells Fargo & Company initiated coverage on General Dynamics in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $400.00 price objective for the company. Bank of America reaffirmed a “buy” rating and issued a $400.00 price objective on shares of General Dynamics in a research note on Friday, January 30th. Finally, Citigroup dropped their price objective on General Dynamics from $380.00 to $364.00 and set a “neutral” rating for the company in a research note on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, General Dynamics presently has an average rating of “Moderate Buy” and a consensus target price of $387.40.

General Dynamics Company Profile

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.