Asset Management One Co. Ltd. Purchases 1,569 Shares of General Dynamics Co. (NYSE:GD)

Asset Management One Co. Ltd. boosted its position in shares of General Dynamics Co. (NYSE:GD) by 1.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 86,139 shares of the aerospace company’s stock after purchasing an additional 1,569 shares during the period. Asset Management One Co. Ltd.’s holdings in General Dynamics were worth $26,031,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in GD. MFA Wealth Advisors LLC increased its holdings in shares of General Dynamics by 241.7% in the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 58 shares in the last quarter. New Covenant Trust Company N.A. bought a new position in General Dynamics during the first quarter worth about $29,000. American Capital Advisory LLC acquired a new position in shares of General Dynamics in the 2nd quarter valued at approximately $29,000. Lowe Wealth Advisors LLC acquired a new stake in General Dynamics during the 3rd quarter worth approximately $30,000. Finally, Beacon Capital Management LLC lifted its stake in General Dynamics by 1,144.4% in the first quarter. Beacon Capital Management LLC now owns 112 shares of the aerospace company’s stock valued at $32,000 after buying an additional 103 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

Insider Buying and Selling at General Dynamics

In related news, Director Peter A. Wall sold 1,320 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $308.05, for a total transaction of $406,626.00. Following the sale, the director now owns 3,592 shares of the company’s stock, valued at $1,106,515.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Sanford C. Bernstein dropped their price objective on shares of General Dynamics from $343.00 to $331.00 and set a “market perform” rating on the stock in a report on Thursday, October 24th. Susquehanna lifted their price target on General Dynamics from $333.00 to $352.00 and gave the company a “positive” rating in a research note on Thursday, October 17th. Seaport Res Ptn downgraded General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Morgan Stanley upgraded General Dynamics from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $293.00 to $345.00 in a research note on Friday, August 9th. Finally, Royal Bank of Canada lifted their price objective on shares of General Dynamics from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.69.

General Dynamics Stock Performance

Shares of GD stock opened at $293.60 on Tuesday. The company has a market capitalization of $80.73 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 1.75 and a beta of 0.61. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.80 and a current ratio of 1.32. General Dynamics Co. has a 52 week low of $238.31 and a 52 week high of $313.11. The company has a 50-day simple moving average of $300.88 and a 200 day simple moving average of $295.23.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). The company had revenue of $11.67 billion for the quarter, compared to the consensus estimate of $11.65 billion. General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. General Dynamics’s revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business earned $3.04 EPS. On average, sell-side analysts predict that General Dynamics Co. will post 13.97 earnings per share for the current year.

General Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 11th will be paid a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Friday, October 11th. General Dynamics’s payout ratio is 43.26%.

About General Dynamics

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.