General Dynamics Corporation (NYSE:GD) Stock Holdings Lifted by Natixis Advisors LLC

Natixis Advisors LLC lifted its position in General Dynamics Corporation (NYSE:GD) by 8.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 269,515 shares of the aerospace company’s stock after acquiring an additional 20,491 shares during the quarter. Natixis Advisors LLC’s holdings in General Dynamics were worth $73,464,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GD. NorthRock Partners LLC lifted its holdings in shares of General Dynamics by 8.2% in the first quarter. NorthRock Partners LLC now owns 2,542 shares of the aerospace company’s stock valued at $693,000 after purchasing an additional 192 shares in the last quarter. FSB Premier Wealth Management Inc. raised its position in General Dynamics by 6.2% during the first quarter. FSB Premier Wealth Management Inc. now owns 6,532 shares of the aerospace company’s stock valued at $1,781,000 after buying an additional 382 shares during the period. Woodley Farra Manion Portfolio Management Inc. lifted its stake in General Dynamics by 0.7% in the 1st quarter. Woodley Farra Manion Portfolio Management Inc. now owns 17,543 shares of the aerospace company’s stock worth $4,782,000 after acquiring an additional 124 shares in the last quarter. Mesirow Financial Investment Management Inc. boosted its position in General Dynamics by 31.3% during the 1st quarter. Mesirow Financial Investment Management Inc. now owns 5,598 shares of the aerospace company’s stock worth $1,526,000 after acquiring an additional 1,333 shares during the period. Finally, Arkadios Wealth Advisors grew its stake in General Dynamics by 9.7% during the 1st quarter. Arkadios Wealth Advisors now owns 22,158 shares of the aerospace company’s stock valued at $6,040,000 after acquiring an additional 1,959 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GD. Deutsche Bank Aktiengesellschaft upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and raised their price target for the stock from $298.00 to $342.00 in a report on Tuesday, July 8th. Argus set a $295.00 price target on shares of General Dynamics in a report on Tuesday, May 6th. Wolfe Research upgraded General Dynamics from a “peer perform” rating to an “outperform” rating and set a $360.00 price objective for the company in a report on Thursday, July 24th. Wells Fargo & Company reduced their price objective on General Dynamics from $261.00 to $236.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. Finally, Citigroup upped their target price on General Dynamics from $348.00 to $368.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $315.78.

General Dynamics Stock Down 0.8%

GD opened at $312.11 on Thursday. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.32. General Dynamics Corporation has a 1-year low of $239.20 and a 1-year high of $322.50. The business has a 50 day moving average of $289.65 and a 200-day moving average of $273.24. The stock has a market capitalization of $83.95 billion, a price-to-earnings ratio of 20.95, a P/E/G ratio of 1.93 and a beta of 0.46.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $0.27. The firm had revenue of $13.04 billion for the quarter, compared to analyst estimates of $12.13 billion. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company posted $3.26 earnings per share. As a group, sell-side analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Thursday, July 3rd. General Dynamics’s dividend payout ratio is 40.27%.

Insider Buying and Selling at General Dynamics

In other news, CEO Phebe N. Novakovic sold 7,639 shares of the business’s stock in a transaction on Monday, June 16th. The shares were sold at an average price of $280.44, for a total value of $2,142,281.16. Following the sale, the chief executive officer owned 769,607 shares in the company, valued at approximately $215,828,587.08. The trade was a 0.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Leon Rudy F. De sold 5,490 shares of the stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $312.81, for a total transaction of $1,717,326.90. Following the sale, the director owned 5,483 shares of the company’s stock, valued at $1,715,137.23. This trade represents a 50.03% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 268,370 shares of company stock valued at $78,408,011. 1.50% of the stock is currently owned by corporate insiders.

General Dynamics Profile

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.