LMR Partners LLP increased its position in shares of General Dynamics Corp. (NYSE:GD) by 76.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,859 shares of the company’s stock after buying an additional 4,698 shares during the period. LMR Partners LLP’s holdings in General Dynamics Corp. were worth $1,512,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the stock. Sun Life Financial INC acquired a new position in shares of General Dynamics Corp. during the first quarter valued at $106,147,000. First New York Securities LLC NY acquired a new position in shares of General Dynamics Corp. during the second quarter valued at $139,000. Carroll Financial Associates Inc. raised its position in shares of General Dynamics Corp. by 3.2% in the second quarter. Carroll Financial Associates Inc. now owns 1,283 shares of the company’s stock valued at $178,000 after buying an additional 40 shares during the last quarter. Ariel Capital Advisors LLC acquired a new position in shares of General Dynamics Corp. during the second quarter valued at $207,000. Finally, Brookstone Capital Management acquired a new position in shares of General Dynamics Corp. during the second quarter valued at $233,000. Institutional investors and hedge funds own 87.68% of the company’s stock.
General Dynamics Corp. (NYSE:GD) traded down 0.77% during mid-day trading on Friday, hitting $152.96. The stock had a trading volume of 2,063,784 shares. The stock has a market cap of $46.57 billion, a P/E ratio of 16.27 and a beta of 0.76. General Dynamics Corp. has a one year low of $121.61 and a one year high of $156.97. The company has a 50 day moving average price of $152.94 and a 200 day moving average price of $143.83.
General Dynamics Corp. (NYSE:GD) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.31 by $0.13. The company earned $7.66 billion during the quarter, compared to analysts’ expectations of $7.88 billion. General Dynamics Corp. had a net margin of 9.53% and a return on equity of 27.74%. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.27 EPS. On average, equities analysts anticipate that General Dynamics Corp. will post $9.73 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 10th. Shareholders of record on Friday, October 7th will be given a $0.76 dividend. The ex-dividend date is Wednesday, October 5th. This represents a $3.04 dividend on an annualized basis and a yield of 1.99%. General Dynamics Corp.’s payout ratio is currently 32.27%.
Several research analysts recently weighed in on GD shares. Citigroup Inc. increased their price objective on General Dynamics Corp. from $162.00 to $185.00 and gave the stock a “buy” rating in a research report on Tuesday, September 6th. Deutsche Bank AG restated a “hold” rating on shares of General Dynamics Corp. in a research report on Friday, September 23rd. Robert W. Baird began coverage on General Dynamics Corp. in a research report on Thursday. They set an “outperform” rating and a $181.00 price target for the company. Sanford C. Bernstein upgraded General Dynamics Corp. from a “market perform” rating to an “outperform” rating and set a $180.00 price target for the company in a research report on Wednesday, August 10th. They noted that the move was a valuation call. Finally, Jefferies Group restated a “buy” rating and set a $167.00 price target on shares of General Dynamics Corp. in a research report on Thursday, July 28th. Two research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $159.27.
In other news, VP Kimberly A. Kuryea sold 4,117 shares of the company’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $154.56, for a total value of $636,323.52. Following the sale, the vice president now owns 36,412 shares in the company, valued at approximately $5,627,838.72. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Gregory S. Gallopoulos sold 39,000 shares of the company’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $146.58, for a total transaction of $5,716,620.00. Following the completion of the sale, the vice president now owns 153,848 shares in the company, valued at approximately $22,551,039.84. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by company insiders.
General Dynamics Corp. Company Profile
General Dynamics Corporation is an aerospace and defense company that offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions and information technology (IT) services, and shipbuilding.
Want to see what other hedge funds are holding GD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Dynamics Corp. (NYSE:GD).
Receive News & Ratings for General Dynamics Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Dynamics Corp. and related companies with MarketBeat.com's FREE daily email newsletter.