General Dynamics Co. (NYSE:GD) Stock Holdings Increased by Advisory Services Network LLC

Advisory Services Network LLC increased its position in shares of General Dynamics Co. (NYSE:GD) by 39.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,756 shares of the aerospace company’s stock after acquiring an additional 6,660 shares during the quarter. Advisory Services Network LLC’s holdings in General Dynamics were worth $6,169,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of General Dynamics by 0.6% during the third quarter. Vanguard Group Inc. now owns 22,423,961 shares of the aerospace company’s stock valued at $4,955,023,000 after acquiring an additional 133,061 shares during the period. Wellington Management Group LLP raised its holdings in shares of General Dynamics by 12.0% during the third quarter. Wellington Management Group LLP now owns 16,360,526 shares of the aerospace company’s stock valued at $3,615,185,000 after acquiring an additional 1,755,276 shares during the period. Sanders Capital LLC raised its holdings in shares of General Dynamics by 0.4% during the third quarter. Sanders Capital LLC now owns 4,017,057 shares of the aerospace company’s stock valued at $887,649,000 after acquiring an additional 17,061 shares during the period. Norges Bank acquired a new stake in shares of General Dynamics during the fourth quarter valued at approximately $728,284,000. Finally, FMR LLC raised its holdings in shares of General Dynamics by 13.7% during the third quarter. FMR LLC now owns 2,293,269 shares of the aerospace company’s stock valued at $506,744,000 after acquiring an additional 275,947 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Price Performance

Shares of GD stock traded up $3.10 during mid-day trading on Friday, reaching $299.62. The company’s stock had a trading volume of 784,155 shares, compared to its average volume of 962,608. The firm’s 50-day moving average is $289.09 and its two-hundred day moving average is $269.22. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.87 and a current ratio of 1.44. General Dynamics Co. has a 1-year low of $202.35 and a 1-year high of $301.48. The company has a market cap of $82.20 billion, a P/E ratio of 24.44, a PEG ratio of 1.69 and a beta of 0.67.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share for the quarter, missing the consensus estimate of $2.89 by ($0.01). General Dynamics had a return on equity of 16.48% and a net margin of 7.85%. The firm had revenue of $10.73 billion during the quarter, compared to the consensus estimate of $10.26 billion. During the same period in the previous year, the company posted $2.64 EPS. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, research analysts predict that General Dynamics Co. will post 14.55 earnings per share for the current year.

General Dynamics Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Shareholders of record on Friday, April 12th were issued a dividend of $1.42 per share. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $5.68 dividend on an annualized basis and a yield of 1.90%. This is a positive change from General Dynamics’s previous quarterly dividend of $1.32. General Dynamics’s dividend payout ratio is currently 46.33%.

Insiders Place Their Bets

In other news, Director Leon Rudy F. De sold 2,570 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $288.00, for a total value of $740,160.00. Following the transaction, the director now owns 5,518 shares of the company’s stock, valued at approximately $1,589,184. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Kimberly A. Kuryea sold 13,344 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $298.16, for a total value of $3,978,647.04. Following the sale, the chief financial officer now directly owns 79,255 shares in the company, valued at approximately $23,630,670.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Leon Rudy F. De sold 2,570 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $288.00, for a total transaction of $740,160.00. Following the sale, the director now owns 5,518 shares in the company, valued at $1,589,184. The disclosure for this sale can be found here. Insiders have sold a total of 118,486 shares of company stock valued at $34,391,642 in the last 90 days. 1.52% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GD. Barclays boosted their price target on shares of General Dynamics from $285.00 to $310.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Susquehanna boosted their price objective on shares of General Dynamics from $301.00 to $333.00 and gave the company a “positive” rating in a research report on Friday, April 12th. Wells Fargo & Company boosted their price objective on shares of General Dynamics from $291.00 to $322.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. JPMorgan Chase & Co. boosted their price objective on shares of General Dynamics from $280.00 to $298.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Finally, Jefferies Financial Group raised shares of General Dynamics from a “hold” rating to a “buy” rating and boosted their price objective for the company from $305.00 to $335.00 in a research report on Monday, April 29th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, General Dynamics has a consensus rating of “Moderate Buy” and a consensus price target of $300.63.

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.