Global Retirement Partners LLC Has $2.01 Million Stock Holdings in General Dynamics Corporation $GD

Global Retirement Partners LLC lifted its holdings in General Dynamics Corporation (NYSE:GD) by 154.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,959 shares of the aerospace company’s stock after purchasing an additional 3,617 shares during the quarter. Global Retirement Partners LLC’s holdings in General Dynamics were worth $2,006,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of GD. AQR Capital Management LLC grew its position in shares of General Dynamics by 118.3% in the 3rd quarter. AQR Capital Management LLC now owns 1,663,847 shares of the aerospace company’s stock valued at $567,372,000 after purchasing an additional 901,679 shares during the period. Northern Trust Corp grew its position in shares of General Dynamics by 35.0% in the 3rd quarter. Northern Trust Corp now owns 3,332,917 shares of the aerospace company’s stock valued at $1,136,525,000 after purchasing an additional 863,392 shares during the period. Vanguard Group Inc. boosted its position in General Dynamics by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 24,238,561 shares of the aerospace company’s stock worth $8,265,349,000 after acquiring an additional 677,665 shares during the last quarter. Balyasny Asset Management L.P. boosted its position in General Dynamics by 831.1% during the 3rd quarter. Balyasny Asset Management L.P. now owns 737,259 shares of the aerospace company’s stock worth $251,405,000 after acquiring an additional 658,081 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in General Dynamics by 6,680.8% during the 4th quarter. SG Americas Securities LLC now owns 591,488 shares of the aerospace company’s stock worth $199,130,000 after acquiring an additional 582,765 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at General Dynamics

In other news, EVP Mark Lagrand Burns sold 36,480 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $345.29, for a total transaction of $12,596,179.20. Following the sale, the executive vice president owned 38,975 shares in the company, valued at $13,457,677.75. This represents a 48.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Phebe N. Novakovic sold 32,918 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer owned 766,457 shares in the company, valued at approximately $271,394,759.13. This represents a 4.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 119,600 shares of company stock worth $41,650,580 in the last 90 days. Corporate insiders own 1.40% of the company’s stock.

General Dynamics Trading Up 1.3%

Shares of General Dynamics stock opened at $343.20 on Friday. General Dynamics Corporation has a 12-month low of $268.10 and a 12-month high of $369.70. The stock has a market cap of $92.81 billion, a P/E ratio of 21.60, a P/E/G ratio of 2.13 and a beta of 0.34. The company has a quick ratio of 0.90, a current ratio of 1.38 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average is $341.74 and its 200-day moving average is $346.48.

General Dynamics (NYSE:GD) last announced its quarterly earnings data 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. General Dynamics had a return on equity of 17.41% and a net margin of 8.07%.The company had revenue of $13.48 billion for the quarter, compared to analysts’ expectations of $12.70 billion. During the same quarter in the prior year, the business posted $3.66 EPS. The business’s revenue was up 10.3% compared to the same quarter last year. Equities research analysts predict that General Dynamics Corporation will post 16.62 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 10th were paid a dividend of $1.59 per share. The ex-dividend date was Friday, April 10th. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.9%. This is an increase from General Dynamics’s previous quarterly dividend of $1.50. General Dynamics’s dividend payout ratio (DPR) is currently 40.03%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Wall Street Zen downgraded General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday. BNP Paribas Exane reduced their price target on General Dynamics from $430.00 to $390.00 and set an “outperform” rating for the company in a research report on Thursday, April 30th. DA Davidson reduced their price target on General Dynamics from $384.00 to $375.00 in a research report on Thursday, April 30th. Wells Fargo & Company assumed coverage on General Dynamics in a research report on Wednesday, April 1st. They set an “overweight” rating and a $400.00 price target for the company. Finally, The Goldman Sachs Group reduced their price target on General Dynamics from $327.00 to $313.00 and set a “sell” rating for the company in a research report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.