General Dynamics Co. (NYSE:GD) Shares Acquired by Natixis

Natixis grew its position in General Dynamics Co. (NYSE:GD) by 121.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,197 shares of the aerospace company’s stock after purchasing an additional 18,748 shares during the period. Natixis’ holdings in General Dynamics were worth $9,660,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Advisor Resource Council purchased a new stake in shares of General Dynamics in the fourth quarter valued at approximately $208,000. SG Americas Securities LLC raised its holdings in shares of General Dynamics by 637.3% during the fourth quarter. SG Americas Securities LLC now owns 9,629 shares of the aerospace company’s stock valued at $2,500,000 after acquiring an additional 8,323 shares during the last quarter. Mutual Advisors LLC raised its holdings in shares of General Dynamics by 12.8% during the fourth quarter. Mutual Advisors LLC now owns 7,461 shares of the aerospace company’s stock valued at $1,937,000 after acquiring an additional 844 shares during the last quarter. CoreCap Advisors LLC lifted its position in shares of General Dynamics by 29.8% in the fourth quarter. CoreCap Advisors LLC now owns 3,737 shares of the aerospace company’s stock valued at $970,000 after acquiring an additional 859 shares in the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. boosted its stake in shares of General Dynamics by 1.1% in the fourth quarter. Financiere des Professionnels Fonds d investissement inc. now owns 10,827 shares of the aerospace company’s stock worth $2,811,000 after acquiring an additional 120 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, CEO Phebe N. Novakovic sold 49,850 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $284.50, for a total value of $14,182,325.00. Following the completion of the transaction, the chief executive officer now owns 768,977 shares of the company’s stock, valued at approximately $218,773,956.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Leon Rudy F. De sold 2,570 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $288.00, for a total value of $740,160.00. Following the sale, the director now directly owns 5,518 shares in the company, valued at approximately $1,589,184. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Phebe N. Novakovic sold 49,850 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $284.50, for a total transaction of $14,182,325.00. Following the completion of the sale, the chief executive officer now owns 768,977 shares in the company, valued at $218,773,956.50. The disclosure for this sale can be found here. Insiders sold 118,486 shares of company stock valued at $34,391,642 in the last 90 days. Company insiders own 1.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. BTIG Research started coverage on General Dynamics in a report on Wednesday, June 26th. They issued a “buy” rating and a $345.00 price objective on the stock. JPMorgan Chase & Co. boosted their price target on shares of General Dynamics from $280.00 to $298.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Citigroup upped their price objective on shares of General Dynamics from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Sanford C. Bernstein increased their price objective on shares of General Dynamics from $290.00 to $302.00 and gave the company a “market perform” rating in a report on Thursday, May 23rd. Finally, Argus increased their price objective on shares of General Dynamics from $290.00 to $310.00 and gave the company a “buy” rating in a report on Monday, April 29th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $311.33.

General Dynamics Trading Up 2.3 %

Shares of NYSE:GD traded up $6.45 during mid-day trading on Thursday, reaching $291.12. 1,809,771 shares of the company were exchanged, compared to its average volume of 1,072,623. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 0.87. The firm has a market cap of $79.87 billion, a price-to-earnings ratio of 23.90, a P/E/G ratio of 1.68 and a beta of 0.60. The firm’s 50-day simple moving average is $292.91 and its 200 day simple moving average is $281.84. General Dynamics Co. has a 1 year low of $214.53 and a 1 year high of $302.75.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share for the quarter, missing analysts’ consensus estimates of $3.30 by ($0.04). General Dynamics had a return on equity of 16.48% and a net margin of 7.85%. The company had revenue of $11.98 billion for the quarter, compared to analysts’ expectations of $11.46 billion. During the same period in the previous year, the business posted $2.70 EPS. The business’s revenue for the quarter was up 18.0% on a year-over-year basis. Equities research analysts forecast that General Dynamics Co. will post 14.54 EPS for the current year.

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, July 5th will be given a $1.42 dividend. The ex-dividend date is Friday, July 5th. This represents a $5.68 annualized dividend and a yield of 1.95%. General Dynamics’s dividend payout ratio is presently 46.33%.

General Dynamics Company 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.