General Dynamics Co. (NYSE:GD) is MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s 3rd Largest Position

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH reduced its holdings in shares of General Dynamics Co. (NYSE:GDGet Rating) by 10.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 167,461 shares of the aerospace company’s stock after selling 19,448 shares during the quarter. General Dynamics accounts for 3.0% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s portfolio, making the stock its 3rd largest position. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in General Dynamics were worth $40,891,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Balyasny Asset Management LLC raised its holdings in shares of General Dynamics by 50.1% during the third quarter. Balyasny Asset Management LLC now owns 435,313 shares of the aerospace company’s stock worth $85,334,000 after purchasing an additional 145,224 shares during the period. Two Sigma Advisers LP increased its holdings in shares of General Dynamics by 275.5% in the 3rd quarter. Two Sigma Advisers LP now owns 41,300 shares of the aerospace company’s stock worth $8,096,000 after acquiring an additional 30,300 shares during the period. Atria Investments LLC increased its holdings in shares of General Dynamics by 6.9% in the 3rd quarter. Atria Investments LLC now owns 26,001 shares of the aerospace company’s stock worth $5,097,000 after acquiring an additional 1,679 shares during the period. Cetera Advisor Networks LLC increased its holdings in shares of General Dynamics by 38.4% in the 3rd quarter. Cetera Advisor Networks LLC now owns 23,632 shares of the aerospace company’s stock worth $4,633,000 after acquiring an additional 6,556 shares during the period. Finally, Cetera Advisors LLC increased its holdings in shares of General Dynamics by 14.0% in the 3rd quarter. Cetera Advisors LLC now owns 11,204 shares of the aerospace company’s stock worth $2,196,000 after acquiring an additional 1,373 shares during the period. Institutional investors and hedge funds own 85.84% of the company’s stock.

In other news, VP Gregory S. Gallopoulos sold 10,644 shares of the company’s stock in a transaction that occurred on Friday, April 29th. The stock was sold at an average price of $237.93, for a total transaction of $2,532,526.92. Following the sale, the vice president now owns 124,605 shares in the company, valued at approximately $29,647,267.65. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.50% of the company’s stock.

Shares of GD opened at $216.01 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 1.48. The stock has a 50 day simple moving average of $228.92 and a 200 day simple moving average of $223.15. General Dynamics Co. has a 52-week low of $182.66 and a 52-week high of $254.99. The firm has a market capitalization of $59.99 billion, a PE ratio of 18.49, a P/E/G ratio of 1.81 and a beta of 0.95.

General Dynamics (NYSE:GDGet Rating) last released its earnings results on Wednesday, April 27th. The aerospace company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.49 by $0.12. The firm had revenue of $9.39 billion for the quarter, compared to analysts’ expectations of $9.02 billion. General Dynamics had a return on equity of 19.67% and a net margin of 8.52%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.48 EPS. Equities research analysts predict that General Dynamics Co. will post 12.16 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 5th. Shareholders of record on Friday, July 1st will be paid a $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 2.33%. The ex-dividend date is Thursday, June 30th. General Dynamics’s payout ratio is 43.15%.

A number of analysts recently weighed in on the stock. Susquehanna increased their price objective on shares of General Dynamics from $280.00 to $285.00 in a report on Thursday, April 28th. Morgan Stanley increased their target price on shares of General Dynamics from $215.00 to $243.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 2nd. StockNews.com initiated coverage on shares of General Dynamics in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Susquehanna Bancshares increased their target price on shares of General Dynamics from $280.00 to $285.00 in a research report on Thursday, April 28th. Finally, Wells Fargo & Company raised their price objective on shares of General Dynamics from $235.00 to $282.00 and gave the company an “overweight” rating in a research report on Monday, March 7th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, General Dynamics currently has an average rating of “Moderate Buy” and a consensus target price of $243.00.

General Dynamics Profile (Get Rating)

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 designs, manufactures, and sells business jets; and offers aircraft maintenance and repair, management, charter, aircraft-on-ground support and completion, staffing, and fixed-base operator services.

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Institutional Ownership by Quarter for General Dynamics (NYSE:GD)

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