General Dynamics Corporation $GD Shares Sold by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. reduced its holdings in General Dynamics Corporation (NYSE:GD) by 11.6% during the 4th quarter, Holdings Channel reports. The firm owned 36,365 shares of the aerospace company’s stock after selling 4,755 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in General Dynamics were worth $12,243,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GD. AQR Capital Management LLC grew its holdings in General Dynamics by 118.3% in 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 purchasing an additional 901,679 shares during the period. Northern Trust Corp grew its holdings in General Dynamics by 35.0% in 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 purchasing an additional 863,392 shares during the period. Vanguard Group Inc. grew its holdings in General Dynamics by 2.9% in 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 purchasing an additional 677,665 shares during the period. Balyasny Asset Management L.P. grew its holdings in General Dynamics by 831.1% in 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 purchasing an additional 658,081 shares during the period. Finally, SG Americas Securities LLC boosted its stake in shares of General Dynamics by 6,680.8% in the fourth quarter. SG Americas Securities LLC now owns 591,488 shares of the aerospace company’s stock worth $199,130,000 after acquiring an additional 582,765 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

General Dynamics Price Performance

NYSE:GD opened at $349.13 on Wednesday. General Dynamics Corporation has a 52 week low of $267.39 and a 52 week high of $369.70. The company has a quick ratio of 0.90, a current ratio of 1.38 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $94.42 billion, a P/E ratio of 21.97, a P/E/G ratio of 2.29 and a beta of 0.34. The stock’s fifty day moving average is $345.55 and its two-hundred day moving average is $346.46.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, April 29th. The aerospace company reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.67 by $0.43. The firm had revenue of $13.48 billion for the quarter, compared to the consensus estimate of $12.70 billion. General Dynamics had a return on equity of 17.41% and a net margin of 8.07%.The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.66 EPS. Equities analysts expect that General Dynamics Corporation will post 16.56 EPS for the current year.

General Dynamics Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 10th will be issued a $1.59 dividend. The ex-dividend date is Friday, April 10th. This represents a $6.36 annualized dividend and a dividend yield of 1.8%. This is a boost from General Dynamics’s previous quarterly dividend of $1.50. General Dynamics’s dividend payout ratio (DPR) is presently 40.03%.

Analyst Ratings Changes

GD has been the topic of a number of research analyst reports. UBS Group lowered their price target on General Dynamics from $385.00 to $371.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. Wall Street Zen raised General Dynamics from a “hold” rating to a “buy” rating in a research note on Saturday. Wolfe Research lifted their price target on General Dynamics from $400.00 to $415.00 and gave the stock an “outperform” rating in a research note on Monday, January 12th. Citigroup lowered 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. Finally, DA Davidson lowered their price target on General Dynamics from $384.00 to $375.00 in a research note on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $388.70.

Insider Transactions at General Dynamics

In related news, VP Mark Rayha sold 4,370 shares of the business’s stock in a transaction on 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 owned 7,936 shares in the company, valued at approximately $2,767,997.44. The trade was a 35.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Phebe N. Novakovic sold 32,918 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $354.09, for a total value of $11,655,934.62. Following the completion of the sale, the chief executive officer owned 766,457 shares in the company, valued at $271,394,759.13. This represents a 4.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 51,260 shares of company stock worth $18,133,971 over the last quarter. 1.40% of the stock is owned by corporate insiders.

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.