J.Safra Asset Management Corp Has $881,000 Stock Position in General Dynamics Corporation $GD

J.Safra Asset Management Corp raised its position in General Dynamics Corporation (NYSE:GD) by 131.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,616 shares of the aerospace company’s stock after purchasing an additional 1,485 shares during the quarter. J.Safra Asset Management Corp’s holdings in General Dynamics were worth $881,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GD. Dunhill Financial LLC lifted its holdings in shares of General Dynamics by 620.0% during the 3rd quarter. Dunhill Financial LLC now owns 72 shares of the aerospace company’s stock valued at $25,000 after buying an additional 62 shares during the last quarter. KERR FINANCIAL PLANNING Corp acquired a new position in General Dynamics in the third quarter worth approximately $25,000. Dagco Inc. bought a new position in General Dynamics during the fourth quarter valued at approximately $25,000. Burkett Financial Services LLC lifted its stake in General Dynamics by 650.0% in the third quarter. Burkett Financial Services LLC now owns 75 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 65 shares during the last quarter. Finally, Steph & Co. grew its position in General Dynamics by 65.2% in the fourth quarter. Steph & Co. now owns 76 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 30 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. UBS Group dropped their price target on shares of General Dynamics from $385.00 to $371.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $385.00 price objective on shares of General Dynamics in a report on Thursday, April 30th. Argus raised their target price on General Dynamics from $380.00 to $395.00 and gave the company a “buy” rating in a report on Thursday, February 19th. DA Davidson reduced their price target on General Dynamics from $384.00 to $375.00 in a research report on Thursday, April 30th. Finally, Jefferies Financial Group decreased their price target on General Dynamics from $385.00 to $380.00 and set a “hold” rating for the company in a research note on Tuesday, April 7th. Two 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 given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $387.40.

Insider Activity at General Dynamics

In other news, EVP Mark Lagrand Burns sold 36,480 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $345.29, for a total transaction of $12,596,179.20. Following the completion of the transaction, the executive vice president directly owned 38,975 shares in the company, valued at $13,457,677.75. The trade was a 48.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is currently owned by company insiders.

General Dynamics Stock Performance

Shares of GD opened at $341.46 on Thursday. The company has a market capitalization 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 company has a debt-to-equity ratio of 0.24, a current ratio of 1.38 and a quick ratio of 0.90. General Dynamics Corporation has a one year low of $268.10 and a one year high of $369.70. The company’s fifty day moving average price is $339.82 and its 200 day moving average price is $346.36.

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

General Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 2nd will be given a $1.59 dividend. This represents a $6.36 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, July 2nd. General Dynamics’s payout ratio is currently 40.03%.

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.