CenterBook Partners LP Has $929,000 Holdings in General Dynamics Co. (NYSE:GD)

CenterBook Partners LP boosted its holdings in shares of General Dynamics Co. (NYSE:GD) by 136.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,526 shares of the aerospace company’s stock after purchasing an additional 2,032 shares during the period. CenterBook Partners LP’s holdings in General Dynamics were worth $929,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in shares of General Dynamics in the fourth quarter valued at $197,238,000. Vanguard Group Inc. increased its position in General Dynamics by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 23,780,078 shares of the aerospace company’s stock valued at $6,265,813,000 after acquiring an additional 706,317 shares in the last quarter. Barclays PLC raised its stake in shares of General Dynamics by 43.1% in the third quarter. Barclays PLC now owns 942,485 shares of the aerospace company’s stock worth $284,818,000 after acquiring an additional 283,972 shares during the last quarter. Invesco Ltd. lifted its position in shares of General Dynamics by 10.6% during the fourth quarter. Invesco Ltd. now owns 2,428,644 shares of the aerospace company’s stock worth $639,923,000 after purchasing an additional 232,383 shares in the last quarter. Finally, National Bank of Canada FI grew its stake in shares of General Dynamics by 125.3% during the fourth quarter. National Bank of Canada FI now owns 351,429 shares of the aerospace company’s stock valued at $92,598,000 after purchasing an additional 195,476 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Up 1.8 %

NYSE:GD opened at $276.66 on Friday. The stock has a market cap of $74.25 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 1.69 and a beta of 0.43. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. The stock has a 50-day moving average price of $259.48 and a two-hundred day moving average price of $273.77. General Dynamics Co. has a 1 year low of $239.20 and a 1 year high of $316.90.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.14). General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. As a group, equities analysts expect that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 11th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.17%. This is a positive change from General Dynamics’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Friday, April 11th. General Dynamics’s dividend payout ratio (DPR) is presently 43.99%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Baird R W cut shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Susquehanna boosted their target price on General Dynamics from $300.00 to $315.00 and gave the stock a “positive” rating in a research report on Wednesday, April 2nd. BTIG Research cut General Dynamics from a “buy” rating to a “neutral” rating in a report on Thursday, February 13th. Vertical Research cut General Dynamics from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $352.00 to $290.00 in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. reduced their target price on shares of General Dynamics from $307.00 to $284.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $296.82.

Insider Buying and Selling

In other General Dynamics news, Director Laura J. Schumacher sold 1,796 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $255.68, for a total transaction of $459,201.28. Following the completion of the transaction, the director now owns 11,175 shares of the company’s stock, valued at $2,857,224. This represents a 13.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Marguerite Amy Gilliland sold 27,562 shares of the business’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $272.11, for a total transaction of $7,499,895.82. Following the completion of the sale, the senior vice president now directly owns 45,192 shares in the company, valued at approximately $12,297,195.12. This represents a 37.88 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

General Dynamics 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.