Themes Management Co LLC Invests $2.18 Million in General Dynamics Corporation $GD

Themes Management Co LLC bought a new position in shares of General Dynamics Corporation (NYSE:GD) in the fourth quarter, HoldingsChannel reports. The firm bought 6,471 shares of the aerospace company’s stock, valued at approximately $2,179,000. General Dynamics comprises about 1.6% of Themes Management Co LLC’s investment portfolio, making the stock its 12th largest position.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Dunhill Financial LLC grew its position in shares of General Dynamics by 620.0% during the third quarter. Dunhill Financial LLC now owns 72 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 62 shares in the last quarter. KERR FINANCIAL PLANNING Corp purchased a new position in General Dynamics in the third quarter worth about $25,000. Dagco Inc. bought a new stake in General Dynamics during the fourth quarter worth approximately $25,000. Burkett Financial Services LLC raised its position in General Dynamics by 650.0% during the third 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. raised its position in General Dynamics by 65.2% during the fourth 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.

Insider Buying and Selling at General Dynamics

In other news, EVP Mark Lagrand Burns sold 36,480 shares of General Dynamics stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $345.29, for a total transaction of $12,596,179.20. Following the completion of the sale, the executive vice president owned 38,975 shares of the company’s stock, valued at approximately $13,457,677.75. The trade was a 48.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Phebe N. Novakovic sold 32,918 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $271,394,759.13. The trade was a 4.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 119,600 shares of company stock valued at $41,650,580 in the last three months. Company insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

GD has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft dropped their target price on General Dynamics from $387.00 to $377.00 and set a “hold” rating for the company in a report on Wednesday, May 6th. Morgan Stanley raised their price target on General Dynamics from $410.00 to $435.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. The Goldman Sachs Group cut their price objective on shares of General Dynamics from $327.00 to $313.00 and set a “sell” rating on the stock in a research report on Monday, May 4th. BNP Paribas Exane lowered their target price on shares of General Dynamics from $430.00 to $390.00 and set an “outperform” rating for the company in a report on Thursday, April 30th. Finally, Jefferies Financial Group dropped their price target on shares of General Dynamics from $385.00 to $380.00 and set a “hold” rating for the company in a research note on Tuesday, April 7th. 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $387.40.

General Dynamics Price Performance

GD opened at $343.20 on Tuesday. The business has a fifty day moving average of $341.51 and a 200 day moving average of $346.51. The stock has a market cap of $92.81 billion, a P/E ratio of 21.60, a PEG ratio of 2.13 and a beta of 0.34. The company has a quick ratio of 0.90, a current ratio of 1.38 and a debt-to-equity ratio of 0.24. General Dynamics Corporation has a 52-week low of $268.10 and a 52-week high of $369.70.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, April 29th. The aerospace company reported $4.10 earnings per share for the quarter, topping analysts’ consensus estimates of $3.67 by $0.43. The business 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 revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the firm posted $3.66 earnings per share. As a group, sell-side analysts anticipate that General Dynamics Corporation will post 16.62 EPS for the current year.

General Dynamics Increases Dividend

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

General Dynamics Company 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.