Versor Investments LP Has $1.09 Million Stock Holdings in General Dynamics Corporation $GD

Versor Investments LP increased its position in shares of General Dynamics Corporation (NYSE:GD) by 193.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,229 shares of the aerospace company’s stock after acquiring an additional 2,127 shares during the quarter. Versor Investments LP’s holdings in General Dynamics were worth $1,087,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in GD. AQR Capital Management LLC lifted its stake in shares of General Dynamics by 118.3% during the third quarter. AQR Capital Management LLC now owns 1,663,847 shares of the aerospace company’s stock valued at $567,372,000 after acquiring an additional 901,679 shares during the period. Northern Trust Corp lifted its stake in shares of General Dynamics by 35.0% during the third quarter. Northern Trust Corp now owns 3,332,917 shares of the aerospace company’s stock valued at $1,136,525,000 after acquiring an additional 863,392 shares during the period. Vanguard Group Inc. lifted its stake in shares of General Dynamics by 2.9% during the third quarter. Vanguard Group Inc. now owns 24,238,561 shares of the aerospace company’s stock valued at $8,265,349,000 after acquiring an additional 677,665 shares during the period. Balyasny Asset Management L.P. lifted its stake in shares of General Dynamics by 831.1% during the third quarter. Balyasny Asset Management L.P. now owns 737,259 shares of the aerospace company’s stock valued at $251,405,000 after acquiring an additional 658,081 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of General Dynamics by 6,680.8% during the fourth quarter. SG Americas Securities LLC now owns 591,488 shares of the aerospace company’s stock valued at $199,130,000 after acquiring an additional 582,765 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Trading Up 0.7%

NYSE:GD opened at $346.39 on Wednesday. General Dynamics Corporation has a 1-year low of $267.39 and a 1-year high of $369.70. The business’s 50-day moving average price is $345.17 and its two-hundred day moving average price is $346.83. 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 firm has a market capitalization of $93.67 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 2.13 and a beta of 0.34.

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

General Dynamics Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 10th were paid a $1.59 dividend. The ex-dividend date of this dividend was Friday, April 10th. This is a positive change from General Dynamics’s previous quarterly dividend of $1.50. This represents a $6.36 annualized dividend and a yield of 1.8%. General Dynamics’s payout ratio is currently 40.03%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on GD shares. JPMorgan Chase & Co. upped their price target on General Dynamics from $385.00 to $400.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Susquehanna reaffirmed a “positive” rating and set a $420.00 price target on shares of General Dynamics in a research note on Thursday, January 15th. Citigroup cut their price target on General Dynamics from $389.00 to $380.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 1st. Bank of America reissued a “buy” rating and issued a $400.00 target price on shares of General Dynamics in a research note on Friday, January 30th. Finally, TD Cowen increased their target price on General Dynamics from $370.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $388.20.

Insiders Place Their Bets

In other news, CEO Phebe N. Novakovic sold 32,918 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $354.09, for a total transaction of $11,655,934.62. Following the sale, the chief executive officer owned 766,457 shares of the company’s stock, valued at $271,394,759.13. This trade represents a 4.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Mark Rayha sold 4,370 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $348.79, for a total value of $1,524,212.30. Following the sale, the vice president directly owned 7,936 shares in the company, valued at approximately $2,767,997.44. This represents a 35.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 51,260 shares of company stock worth $18,133,971. 1.40% of the stock is owned by company insiders.

General Dynamics Company 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.