General Dynamics Corporation $GD Shares Sold by Boston Partners

Boston Partners reduced its stake in General Dynamics Corporation (NYSE:GD) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,407,850 shares of the aerospace company’s stock after selling 70,863 shares during the period. Boston Partners’ holdings in General Dynamics were worth $476,118,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Alchemi Wealth LLC bought a new position in General Dynamics in the fourth quarter worth about $564,000. Martingale Asset Management L P grew its position in General Dynamics by 1.7% during the 4th quarter. Martingale Asset Management L P now owns 81,907 shares of the aerospace company’s stock worth $27,575,000 after purchasing an additional 1,383 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of General Dynamics by 0.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 651,701 shares of the aerospace company’s stock valued at $219,402,000 after buying an additional 5,546 shares during the period. Korea Investment CORP lifted its stake in shares of General Dynamics by 26.8% in the 4th quarter. Korea Investment CORP now owns 208,029 shares of the aerospace company’s stock valued at $70,035,000 after purchasing an additional 44,020 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in General Dynamics in the 4th quarter worth $8,825,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at General Dynamics

In other news, EVP Mark Lagrand Burns sold 36,480 shares of General Dynamics stock in a transaction dated 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 transaction, the executive vice president owned 38,975 shares of the company’s stock, valued at $13,457,677.75. The trade was a 48.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.40% of the company’s stock.

General Dynamics Price Performance

Shares of NYSE:GD opened at $359.92 on Friday. The company has a 50-day moving average price of $340.32 and a two-hundred day moving average price of $346.59. The company has a quick ratio of 0.90, a current ratio of 1.38 and a debt-to-equity ratio of 0.24. General Dynamics Corporation has a twelve month low of $275.49 and a twelve month high of $369.70. The firm has a market capitalization of $97.33 billion, a PE ratio of 22.65, a P/E/G ratio of 2.23 and a beta of 0.34.

General Dynamics (NYSE:GD) 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. The business had revenue of $13.48 billion for the quarter, compared to the consensus estimate of $12.70 billion. General Dynamics had a net margin of 8.07% and a return on equity of 17.41%. General Dynamics’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period last year, the firm posted $3.66 earnings per share. Equities analysts forecast that General Dynamics Corporation will post 16.62 EPS for the current year.

General Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 2nd will be issued a $1.59 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $6.36 annualized dividend and a yield of 1.8%. General Dynamics’s payout ratio is 40.03%.

Wall Street Analysts Forecast Growth

GD has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of General Dynamics from $387.00 to $377.00 and set a “hold” rating on the stock in a research note on Wednesday, May 6th. Jefferies Financial Group upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and upped their price objective for the company from $380.00 to $400.00 in a research report on Thursday. Wall Street Zen raised shares of General Dynamics from a “buy” rating to a “strong-buy” rating in a research report on Saturday. DA Davidson reduced their target price on shares of General Dynamics from $384.00 to $375.00 in a report on Thursday, April 30th. Finally, Argus boosted their target price on shares of General Dynamics from $380.00 to $395.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $388.40.

About General Dynamics

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.