Epoch Investment Partners Inc. cut its holdings in shares of General Dynamics Corporation (NYSE:GD – Free Report) by 10.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 89,316 shares of the aerospace company’s stock after selling 9,871 shares during the quarter. Epoch Investment Partners Inc.’s holdings in General Dynamics were worth $30,069,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of GD. WASHINGTON TRUST Co grew its position in General Dynamics by 453.3% in the 3rd quarter. WASHINGTON TRUST Co now owns 9,418 shares of the aerospace company’s stock worth $3,212,000 after purchasing an additional 7,716 shares during the last quarter. Vanguard Group Inc. grew its position in General Dynamics by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 24,767,330 shares of the aerospace company’s stock worth $8,338,169,000 after purchasing an additional 528,769 shares during the last quarter. Modern Wealth Management LLC grew its position in General Dynamics by 114.7% in the 3rd quarter. Modern Wealth Management LLC now owns 6,124 shares of the aerospace company’s stock worth $2,088,000 after purchasing an additional 3,271 shares during the last quarter. Jain Global LLC grew its position in General Dynamics by 97.8% in the 3rd quarter. Jain Global LLC now owns 169,305 shares of the aerospace company’s stock worth $57,733,000 after purchasing an additional 83,692 shares during the last quarter. Finally, M&T Bank Corp grew its position in General Dynamics by 155.6% in the 4th quarter. M&T Bank Corp now owns 104,773 shares of the aerospace company’s stock worth $35,273,000 after purchasing an additional 63,781 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at General Dynamics
In other news, EVP Mark Lagrand Burns sold 36,480 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $345.29, for a total value of $12,596,179.20. Following the completion of the sale, the executive vice president directly owned 38,975 shares in the company, valued at approximately $13,457,677.75. This trade represents a 48.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.40% of the company’s stock.
Wall Street Analyst Weigh In
Read Our Latest Research Report on GD
General Dynamics Stock Performance
Shares of NYSE:GD opened at $359.92 on Monday. General Dynamics Corporation has a twelve month low of $275.49 and a twelve month high of $369.70. The firm has a market cap of $97.33 billion, a PE ratio of 22.65, a price-to-earnings-growth ratio of 2.23 and a beta of 0.34. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.38. The business has a fifty day moving average of $340.32 and a 200-day moving average of $346.65.
General Dynamics (NYSE:GD – Get Free Report) last announced its earnings results on Wednesday, April 29th. The aerospace company reported $4.10 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $12.70 billion. During the same period last year, the company posted $3.66 earnings per share. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. On average, equities research analysts predict that General Dynamics Corporation will post 16.62 EPS for the current fiscal year.
General Dynamics Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 2nd will be paid a $1.59 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.8%. General Dynamics’s dividend payout ratio (DPR) is 40.03%.
General Dynamics 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.
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