General Dynamics Co. (NYSE:GD) Shares Acquired by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. grew its stake in General Dynamics Co. (NYSE:GD) by 15.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,231 shares of the aerospace company’s stock after acquiring an additional 702 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in General Dynamics were worth $1,358,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in GD. Impact Partnership Wealth LLC increased its holdings in General Dynamics by 411.5% during the 3rd quarter. Impact Partnership Wealth LLC now owns 133 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 107 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in shares of General Dynamics by 1,406.1% in the third quarter. Exchange Traded Concepts LLC now owns 2,696 shares of the aerospace company’s stock worth $596,000 after buying an additional 2,517 shares during the last quarter. Private Trust Co. NA boosted its holdings in shares of General Dynamics by 1.1% during the third quarter. Private Trust Co. NA now owns 4,210 shares of the aerospace company’s stock valued at $930,000 after acquiring an additional 47 shares during the period. CX Institutional lifted its holdings in General Dynamics by 123.9% in the third quarter. CX Institutional now owns 23,531 shares of the aerospace company’s stock worth $5,200,000 after purchasing an additional 13,022 shares during the period. Finally, WASHINGTON TRUST Co lifted its holdings in General Dynamics by 3.9% in the third quarter. WASHINGTON TRUST Co now owns 2,659 shares of the aerospace company’s stock worth $588,000 after purchasing an additional 100 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Royal Bank of Canada lowered their target price on General Dynamics from $325.00 to $320.00 and set an “outperform” rating on the stock in a research note on Thursday. The Goldman Sachs Group raised their price target on General Dynamics from $253.00 to $284.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. UBS Group raised their price target on General Dynamics from $286.00 to $296.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. Alembic Global Advisors downgraded General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 price target for the company. in a research note on Monday, January 29th. Finally, StockNews.com raised General Dynamics from a “buy” rating to a “strong-buy” rating in a report on Thursday. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $285.63.

Insider Buying and Selling

In other news, CEO Phebe N. Novakovic sold 32,355 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $264.31, for a total value of $8,551,750.05. Following the completion of the sale, the chief executive officer now directly owns 773,977 shares of the company’s stock, valued at $204,569,860.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.52% of the stock is currently owned by insiders.

General Dynamics Stock Performance

GD stock traded down $0.20 during midday trading on Friday, hitting $284.70. The stock had a trading volume of 85,342 shares, compared to its average volume of 1,099,931. The company has a current ratio of 1.44, a quick ratio of 0.92 and a debt-to-equity ratio of 0.41. The stock has a 50-day simple moving average of $280.56 and a 200 day simple moving average of $261.39. General Dynamics Co. has a 52 week low of $202.35 and a 52 week high of $296.50. The firm has a market capitalization of $78.11 billion, a price-to-earnings ratio of 23.24, a P/E/G ratio of 1.79 and a beta of 0.68.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share for the quarter, missing analysts’ consensus estimates of $2.89 by ($0.01). General Dynamics had a net margin of 7.85% and a return on equity of 16.48%. The business had revenue of $10.73 billion during the quarter, compared to the consensus estimate of $10.26 billion. During the same quarter last year, the company posted $2.64 EPS. The firm’s revenue was up 8.6% on a year-over-year basis. As a group, equities research analysts anticipate that General Dynamics Co. will post 14.56 earnings per share for the current year.

General Dynamics Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 12th will be paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is Thursday, April 11th. This is an increase from General Dynamics’s previous quarterly dividend of $1.32. General Dynamics’s payout ratio is currently 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.