Nissay Asset Management Corp Japan ADV boosted its position in General Dynamics Co. (NYSE:GD) by 25.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,936 shares of the aerospace company’s stock after purchasing an additional 8,478 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in General Dynamics were worth $6,593,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. increased its position in General Dynamics by 23.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 45,750 shares of the aerospace company’s stock worth $8,528,000 after purchasing an additional 8,580 shares in the last quarter. First Hawaiian Bank acquired a new stake in General Dynamics during the 3rd quarter worth approximately $557,000. Foundry Partners LLC increased its position in General Dynamics by 17.1% during the 3rd quarter. Foundry Partners LLC now owns 30,484 shares of the aerospace company’s stock worth $6,241,000 after purchasing an additional 4,452 shares in the last quarter. Aperio Group LLC increased its position in General Dynamics by 1.2% during the 3rd quarter. Aperio Group LLC now owns 189,780 shares of the aerospace company’s stock worth $38,852,000 after purchasing an additional 2,321 shares in the last quarter. Finally, American Financial Network Advisory Services LLC increased its position in General Dynamics by 13,170.0% during the 3rd quarter. American Financial Network Advisory Services LLC now owns 1,327 shares of the aerospace company’s stock worth $272,000 after purchasing an additional 1,317 shares in the last quarter. Institutional investors and hedge funds own 89.04% of the company’s stock.
A number of analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of General Dynamics from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. ValuEngine downgraded shares of General Dynamics from a “hold” rating to a “sell” rating in a research report on Saturday, February 2nd. Robert W. Baird dropped their target price on shares of General Dynamics from $243.00 to $222.00 and set an “outperform” rating for the company in a research report on Thursday, October 25th. Stifel Nicolaus dropped their target price on shares of General Dynamics from $210.00 to $200.00 and set a “hold” rating for the company in a research report on Friday, October 26th. Finally, Argus lowered their price objective on shares of General Dynamics from $250.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, October 26th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $207.88.
General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, January 30th. The aerospace company reported $3.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.98 by $0.09. General Dynamics had a net margin of 9.24% and a return on equity of 28.33%. The company had revenue of $10.38 billion during the quarter, compared to the consensus estimate of $10.34 billion. During the same quarter last year, the company earned $2.50 earnings per share. General Dynamics’s revenue for the quarter was up 25.4% on a year-over-year basis. On average, analysts anticipate that General Dynamics Co. will post 11.73 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 8th. Stockholders of record on Friday, January 18th were paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend was Thursday, January 17th. General Dynamics’s dividend payout ratio (DPR) is currently 32.57%.
In other General Dynamics news, Director Catherine B. Reynolds bought 600 shares of General Dynamics stock in a transaction dated Friday, December 7th. The stock was bought at an average cost of $167.64 per share, for a total transaction of $100,584.00. Following the purchase, the director now owns 1,153 shares in the company, valued at approximately $193,288.92. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Christopher J. Brady sold 2,327 shares of the stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $171.23, for a total value of $398,452.21. Following the transaction, the vice president now owns 5,134 shares of the company’s stock, valued at $879,094.82. The disclosure for this sale can be found here. Corporate insiders own 6.90% of the company’s stock.
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General Dynamics Profile
General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four business groups: Aerospace; Combat Systems; Information Systems and Technology; and Marine Systems. The Aerospace group designs, develops, manufactures, service and supports business-jet aircraft; and provides aircraft services, such as maintenance, aircraft management, charter, fixed-base operational, and staffing services.
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