Deutsche Bank AG Acquires 102,208 Shares of General Dynamics Corporation $GD

Deutsche Bank AG grew its holdings in shares of General Dynamics Corporation (NYSE:GD) by 12.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 939,264 shares of the aerospace company’s stock after acquiring an additional 102,208 shares during the quarter. Deutsche Bank AG’s holdings in General Dynamics were worth $316,213,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in GD. Brighton Jones LLC raised its position in shares of General Dynamics by 16.9% during the 4th quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock valued at $760,000 after buying an additional 417 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of General Dynamics by 140.2% during the 1st quarter. Acadian Asset Management LLC now owns 3,445 shares of the aerospace company’s stock valued at $938,000 after buying an additional 2,011 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of General Dynamics during the 2nd quarter valued at about $240,000. Flow Traders U.S. LLC purchased a new stake in shares of General Dynamics during the 2nd quarter valued at about $352,000. Finally, Jump Financial LLC purchased a new stake in shares of General Dynamics during the 2nd quarter valued at about $1,284,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Royal Bank Of Canada restated a “sector perform” rating and set a $385.00 target price on shares of General Dynamics in a research report on Thursday, April 30th. UBS Group reduced their price objective on shares of General Dynamics from $385.00 to $371.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. Wells Fargo & Company started coverage on shares of General Dynamics in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $400.00 price objective on the stock. Jefferies Financial Group reduced their price objective on shares of General Dynamics from $385.00 to $380.00 and set a “hold” rating on the stock in a research report on Tuesday, April 7th. Finally, The Goldman Sachs Group reduced their price objective on shares of General Dynamics from $327.00 to $313.00 and set a “sell” rating on the stock in a research report on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $387.40.

Insider Activity at General Dynamics

In other news, EVP Mark Lagrand Burns sold 36,480 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $345.29, for a total transaction of $12,596,179.20. Following the transaction, the executive vice president directly owned 38,975 shares of the company’s stock, 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 legal filing with the SEC, which can be accessed through this link. Company insiders own 1.40% of the company’s stock.

General Dynamics Stock Performance

Shares of NYSE:GD opened at $341.46 on Thursday. The firm has a market cap of $92.34 billion, a PE ratio of 21.49, a price-to-earnings-growth ratio of 2.14 and a beta of 0.34. The firm’s 50 day simple moving average is $339.82 and its 200-day simple moving average is $346.36. General Dynamics Corporation has a one year low of $268.10 and a one year high of $369.70. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.38.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, April 29th. The aerospace company reported $4.10 EPS for the quarter, topping analysts’ consensus estimates of $3.67 by $0.43. The business had revenue of $13.48 billion for the quarter, compared to analyst estimates of $12.70 billion. General Dynamics had a net margin of 8.07% and a return on equity of 17.41%. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period last year, the company posted $3.66 earnings per share. As a group, equities analysts predict that General Dynamics Corporation will post 16.62 EPS for the current year.

General Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 2nd will be given a dividend of $1.59 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.9%. 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.