LSV Asset Management Buys 21,800 Shares of General Dynamics Corporation $GD

LSV Asset Management grew its stake in General Dynamics Corporation (NYSE:GD) by 33.9% during the 4th quarter, HoldingsChannel reports. The firm owned 86,070 shares of the aerospace company’s stock after acquiring an additional 21,800 shares during the quarter. LSV Asset Management’s holdings in General Dynamics were worth $28,976,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Dunhill Financial LLC grew its stake in shares of General Dynamics by 620.0% in the 3rd quarter. Dunhill Financial LLC now owns 72 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 62 shares during the period. KERR FINANCIAL PLANNING Corp bought a new stake in shares of General Dynamics in the 3rd quarter valued at approximately $25,000. Dagco Inc. bought a new stake in shares of General Dynamics in the 4th quarter valued at approximately $25,000. Burkett Financial Services LLC grew its stake in shares of General Dynamics by 650.0% in the 3rd quarter. Burkett Financial Services LLC now owns 75 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 65 shares during the period. Finally, Steph & Co. grew its stake in shares of General Dynamics by 65.2% in the 4th quarter. Steph & Co. now owns 76 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 30 shares during the period. 86.14% of the stock is currently owned by institutional investors.

General Dynamics Stock Up 0.1%

Shares of GD opened at $343.20 on Monday. The firm has a market capitalization of $92.81 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 2.13 and a beta of 0.34. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.38. The business’s fifty day moving average price is $341.74 and its two-hundred day moving average price is $346.51. General Dynamics Corporation has a 52 week low of $268.10 and a 52 week high of $369.70.

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

General Dynamics Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 10th were paid a $1.59 dividend. This is an increase from General Dynamics’s previous quarterly dividend of $1.50. The ex-dividend date of this dividend was Friday, April 10th. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.9%. General Dynamics’s dividend payout ratio (DPR) is currently 40.03%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GD. Wall Street Zen lowered General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Wells Fargo & Company started coverage on General Dynamics in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $400.00 price objective for the company. DA Davidson decreased their target price on General Dynamics from $384.00 to $375.00 in a report on Thursday, April 30th. Morgan Stanley increased their target price on General Dynamics from $410.00 to $435.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, Jefferies Financial Group decreased their target price on General Dynamics from $385.00 to $380.00 and set a “hold” rating on the stock in a report on Tuesday, April 7th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $387.40.

Insider Activity

In other news, EVP Marguerite Amy Gilliland sold 3,819 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $353.50, for a total value of $1,350,016.50. Following the transaction, the executive vice president owned 44,767 shares of the company’s stock, valued at $15,825,134.50. This represents a 7.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Phebe N. Novakovic sold 32,918 shares of the 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 transaction, the chief executive officer directly owned 766,457 shares in the company, valued at approximately $271,394,759.13. This trade represents a 4.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 119,600 shares of company stock valued at $41,650,580 in the last 90 days. 1.40% of the stock is owned by company 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.