General Dynamics Corporation $GD Stock Holdings Increased by State Street Corp

State Street Corp grew its position in shares of General Dynamics Corporation (NYSE:GD) by 2.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 11,323,170 shares of the aerospace company’s stock after purchasing an additional 294,456 shares during the quarter. State Street Corp’s holdings in General Dynamics were worth $3,812,058,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Dunhill Financial LLC increased its position 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 purchasing an additional 62 shares during the period. KERR FINANCIAL PLANNING Corp acquired a new position in shares of General Dynamics during the 3rd quarter valued at $25,000. Dagco Inc. acquired a new position in shares of General Dynamics during the 4th quarter valued at $25,000. Burkett Financial Services LLC increased its position in shares of General Dynamics by 650.0% during the 3rd quarter. Burkett Financial Services LLC now owns 75 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 65 shares during the period. Finally, Steph & Co. grew its holdings in shares of General Dynamics by 65.2% in the 4th quarter. Steph & Co. now owns 76 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 30 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at General Dynamics

In other news, EVP Mark Lagrand Burns sold 36,480 shares of General Dynamics stock in a transaction 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 transaction, the executive vice president owned 38,975 shares in the company, valued at approximately $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 SEC, which can be accessed through the SEC website. Corporate insiders own 1.40% of the company’s stock.

General Dynamics Stock Performance

Shares of GD stock opened at $359.92 on Friday. General Dynamics Corporation has a 1-year low of $275.49 and a 1-year high of $369.70. The company has a current ratio of 1.38, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $97.33 billion, a price-to-earnings ratio of 22.65, a P/E/G ratio of 2.23 and a beta of 0.34. The stock’s fifty day simple moving average is $340.32 and its 200-day simple moving average is $346.59.

General Dynamics (NYSE:GD) last issued its quarterly 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. General Dynamics had a return on equity of 17.41% and a net margin of 8.07%.The business had revenue of $13.48 billion for the quarter, compared to the consensus estimate of $12.70 billion. During the same quarter in the previous year, the company posted $3.66 earnings per share. General Dynamics’s revenue for the quarter was up 10.3% compared to the same quarter last year. On average, sell-side analysts predict that General Dynamics Corporation will post 16.62 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. UBS Group upgraded General Dynamics from a “neutral” rating to a “buy” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft decreased their target price on General Dynamics from $387.00 to $377.00 and set a “hold” rating on the stock in a report on Wednesday, May 6th. Argus lifted their target price on General Dynamics from $380.00 to $395.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. DA Davidson decreased their target price on General Dynamics from $384.00 to $375.00 in a report on Thursday, April 30th. Finally, Jefferies Financial Group upgraded General Dynamics from a “hold” rating to a “buy” rating and lifted their target price for the stock from $380.00 to $400.00 in a report on Thursday. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $388.40.

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.