Diversified Trust Co Increases Stake in General Dynamics Co. (NYSE:GD)

Diversified Trust Co boosted its stake in shares of General Dynamics Co. (NYSE:GD) by 2.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,503 shares of the aerospace company’s stock after purchasing an additional 36 shares during the period. Diversified Trust Co’s holdings in General Dynamics were worth $425,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of GD. Evergreen Capital Management LLC boosted its position in General Dynamics by 3.7% in the third quarter. Evergreen Capital Management LLC now owns 1,513 shares of the aerospace company’s stock valued at $334,000 after buying an additional 54 shares during the last quarter. Sei Investments Co. lifted its position in General Dynamics by 7.2% during the third quarter. Sei Investments Co. now owns 263,635 shares of the aerospace company’s stock valued at $58,255,000 after purchasing an additional 17,797 shares during the period. Scotia Capital Inc. lifted its position in General Dynamics by 4.5% during the third quarter. Scotia Capital Inc. now owns 7,104 shares of the aerospace company’s stock valued at $1,570,000 after purchasing an additional 303 shares during the period. Royal London Asset Management Ltd. grew its position in General Dynamics by 3.2% during the 3rd quarter. Royal London Asset Management Ltd. now owns 103,117 shares of the aerospace company’s stock worth $22,795,000 after purchasing an additional 3,160 shares during the period. Finally, Baker Avenue Asset Management LP raised its stake in shares of General Dynamics by 13.6% during the 3rd quarter. Baker Avenue Asset Management LP now owns 425 shares of the aerospace company’s stock valued at $94,000 after buying an additional 51 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Activity at General Dynamics

In other news, VP William A. Moss sold 21,050 shares of General Dynamics stock in a transaction on Monday, May 13th. The stock was sold at an average price of $294.85, for a total transaction of $6,206,592.50. Following the transaction, the vice president now owns 16,624 shares in the company, valued at approximately $4,901,586.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, VP William A. Moss sold 21,050 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $294.85, for a total transaction of $6,206,592.50. Following the completion of the sale, the vice president now owns 16,624 shares in the company, valued at approximately $4,901,586.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Gregory S. Gallopoulos sold 13,567 shares of General Dynamics stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $288.51, for a total transaction of $3,914,215.17. Following the sale, the vice president now directly owns 103,345 shares in the company, valued at approximately $29,816,065.95. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 118,486 shares of company stock valued at $34,391,642. 1.60% of the stock is currently owned by insiders.

General Dynamics Stock Down 0.3 %

NYSE GD opened at $284.88 on Friday. General Dynamics Co. has a one year low of $211.94 and a one year high of $302.75. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.87 and a current ratio of 1.44. The business has a fifty day moving average price of $294.14 and a 200 day moving average price of $278.60. The company has a market cap of $78.16 billion, a P/E ratio of 23.24, a P/E/G ratio of 1.63 and a beta of 0.60.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, April 24th. The aerospace company reported $2.88 EPS for the quarter, missing analysts’ consensus estimates of $2.89 by ($0.01). General Dynamics had a net margin of 7.85% and a return on equity of 16.48%. The business had revenue of $10.73 billion during the quarter, compared to analyst estimates of $10.26 billion. During the same quarter last year, the company earned $2.64 earnings per share. General Dynamics’s quarterly revenue was up 8.6% on a year-over-year basis. Research analysts anticipate that General Dynamics Co. will post 14.56 EPS for the current fiscal year.

General Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, July 5th will be given a $1.42 dividend. The ex-dividend date is Friday, July 5th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.99%. General Dynamics’s dividend payout ratio (DPR) is presently 46.33%.

Analyst Ratings Changes

GD has been the topic of a number of recent research reports. Barclays upped their target price on General Dynamics from $285.00 to $310.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Argus raised their price objective on shares of General Dynamics from $290.00 to $310.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. Robert W. Baird reiterated an “outperform” rating and issued a $345.00 target price on shares of General Dynamics in a research note on Tuesday. Citigroup raised their price target on shares of General Dynamics from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Finally, Wells Fargo & Company upped their price objective on shares of General Dynamics from $291.00 to $322.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, General Dynamics currently has an average rating of “Moderate Buy” and a consensus price target of $305.56.

General Dynamics Company Profile

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