Twin Capital Management Inc. Has $1.07 Million Holdings in General Dynamics Corporation $GD

Twin Capital Management Inc. decreased its position in shares of General Dynamics Corporation (NYSE:GD) by 46.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,123 shares of the aerospace company’s stock after selling 2,681 shares during the quarter. Twin Capital Management Inc.’s holdings in General Dynamics were worth $1,072,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of GD. Joule Financial LLC grew its holdings in shares of General Dynamics by 4.3% during the fourth quarter. Joule Financial LLC now owns 705 shares of the aerospace company’s stock worth $237,000 after purchasing an additional 29 shares during the last quarter. Brown Miller Wealth Management LLC raised its holdings in General Dynamics by 0.3% in the 4th quarter. Brown Miller Wealth Management LLC now owns 8,889 shares of the aerospace company’s stock valued at $2,993,000 after buying an additional 29 shares during the last quarter. Steph & Co. raised its holdings in 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 buying an additional 30 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in General Dynamics by 3.3% during the 4th quarter. Revolve Wealth Partners LLC now owns 978 shares of the aerospace company’s stock worth $329,000 after buying an additional 31 shares during the period. Finally, New Wave Wealth Advisors LLC grew its holdings in General Dynamics by 4.4% during the 4th quarter. New Wave Wealth Advisors LLC now owns 733 shares of the aerospace company’s stock worth $247,000 after acquiring an additional 31 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

GD has been the subject of several recent research reports. Weiss Ratings upgraded shares of General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 1st. The Goldman Sachs Group reduced 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 note on Monday, May 4th. Wells Fargo & Company assumed coverage on General Dynamics in a report on Wednesday, April 1st. They issued an “overweight” rating and a $400.00 price objective for the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $385.00 target price on shares of General Dynamics in a research report on Thursday, April 30th. Finally, Jefferies Financial Group lifted their target price on General Dynamics from $400.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $391.15.

General Dynamics Stock Up 0.9%

General Dynamics stock opened at $368.86 on Friday. The firm has a market cap of $99.75 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 2.20 and a beta of 0.34. General Dynamics Corporation has a 52-week low of $293.95 and a 52-week high of $380.71. 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 firm has a 50 day moving average price of $352.28 and a two-hundred day moving average price of $350.36.

General Dynamics (NYSE:GD) last posted 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. General Dynamics had a net margin of 8.07% and a return on equity of 17.41%. The company had revenue of $13.48 billion for the quarter, compared to analyst estimates of $12.70 billion. During the same period in the prior year, the firm posted $3.66 EPS. The company’s quarterly revenue was up 10.3% on a year-over-year basis. Equities analysts predict that General Dynamics Corporation will post 16.64 EPS for the current year.

General Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 2nd will be issued a $1.59 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $6.36 annualized dividend and a yield of 1.7%. General Dynamics’s payout ratio is presently 40.03%.

Insiders Place Their Bets

In other news, Director Mark Malcolm sold 5,480 shares of General Dynamics stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $365.00, for a total value of $2,000,200.00. Following the completion of the transaction, the director directly owned 10,643 shares of the company’s stock, valued at approximately $3,884,695. This trade represents a 33.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Mark Lagrand Burns sold 36,480 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $345.29, for a total value of $12,596,179.20. Following the completion of the transaction, the executive vice president directly owned 38,975 shares in the company, valued at $13,457,677.75. This represents a 48.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 78,190 shares of company stock worth $27,041,022 in the last ninety days. Insiders own 1.40% of the company’s stock.

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.