Twin Capital Management Inc. Has $1.07 Million Position in General Dynamics Corporation $GD

Twin Capital Management Inc. cut its stake in shares of General Dynamics Corporation (NYSE:GD) by 46.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,123 shares of the aerospace company’s stock after selling 2,681 shares during the quarter. Twin Capital Management Inc.’s holdings in General Dynamics were worth $1,072,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Illinois Municipal Retirement Fund grew its stake in shares of General Dynamics by 127.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 5,166 shares of the aerospace company’s stock valued at $1,773,000 after buying an additional 2,899 shares during the period. Geneos Wealth Management Inc. raised its stake in General Dynamics by 1.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 6,891 shares of the aerospace company’s stock worth $2,365,000 after buying an additional 114 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in General Dynamics by 39.8% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 50,839 shares of the aerospace company’s stock worth $17,449,000 after acquiring an additional 14,474 shares in the last quarter. Ethos Financial Group LLC boosted its holdings in General Dynamics by 6.5% in the first quarter. Ethos Financial Group LLC now owns 803 shares of the aerospace company’s stock worth $276,000 after acquiring an additional 49 shares in the last quarter. Finally, Checchi Capital Advisers LLC grew its stake in General Dynamics by 8.1% in the first quarter. Checchi Capital Advisers LLC now owns 4,026 shares of the aerospace company’s stock valued at $1,382,000 after acquiring an additional 301 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, Director Mark Malcolm sold 5,480 shares of General Dynamics stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $365.00, for a total transaction of $2,000,200.00. Following the transaction, the director directly owned 10,643 shares of the company’s stock, valued at $3,884,695. The trade was a 33.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark Lagrand Burns sold 36,480 shares of the company’s 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 completion of the sale, the executive vice president owned 38,975 shares of the company’s stock, valued at approximately $13,457,677.75. The trade was a 48.35% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 78,190 shares of company stock worth $27,041,022. Company insiders own 1.40% of the company’s stock.

General Dynamics Stock Performance

Shares of GD opened at $368.86 on Friday. The firm has a market capitalization of $99.75 billion, a P/E ratio of 23.21, a P/E/G ratio of 2.20 and a beta of 0.34. General Dynamics Corporation has a 52 week low of $293.95 and a 52 week high of $380.71. The stock has a 50 day moving average price of $352.28 and a two-hundred day moving average price of $350.36. 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 posted 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 company had revenue of $13.48 billion for the quarter, compared to analyst estimates of $12.70 billion. General Dynamics had a return on equity of 17.41% and a net margin of 8.07%.The company’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter last year, the company earned $3.66 earnings per share. Equities analysts forecast that General Dynamics Corporation will post 16.64 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 2nd will be paid a dividend of $1.59 per share. The ex-dividend date is Thursday, July 2nd. This represents a $6.36 annualized dividend and a yield of 1.7%. General Dynamics’s dividend payout ratio (DPR) is 40.03%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on GD shares. Wells Fargo & Company initiated coverage on General Dynamics in a research report on Wednesday, April 1st. They set an “overweight” rating and a $400.00 target price on the stock. Wall Street Zen raised shares of General Dynamics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 13th. Morgan Stanley boosted their price target on shares of General Dynamics from $410.00 to $435.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. UBS Group upgraded shares of General Dynamics from a “neutral” rating to a “buy” rating in a report on Thursday, June 11th. Finally, JPMorgan Chase & Co. raised their price objective on shares of General Dynamics from $385.00 to $400.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $391.15.

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.