Nissay Asset Management Corp Japan ADV Lowers Stock Holdings in General Dynamics Co. (NYSE:GD)

Nissay Asset Management Corp Japan ADV lowered its position in shares of General Dynamics Co. (NYSE:GD) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,802 shares of the aerospace company’s stock after selling 535 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in General Dynamics were worth $7,665,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Life Planners bought a new position in shares of General Dynamics in the fourth quarter worth approximately $25,000. Whipplewood Advisors LLC bought a new stake in shares of General Dynamics during the 4th quarter worth $26,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of General Dynamics during the 4th quarter worth $26,000. Sugar Maple Asset Management LLC bought a new position in General Dynamics in the fourth quarter valued at $28,000. Finally, Heck Capital Advisors LLC purchased a new stake in General Dynamics during the fourth quarter valued at about $28,000. Institutional investors own 86.14% of the company’s stock.

General Dynamics Price Performance

Shares of GD stock opened at $278.71 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.37. General Dynamics Co. has a fifty-two week low of $239.20 and a fifty-two week high of $316.90. The firm has a market cap of $74.80 billion, a P/E ratio of 20.43, a P/E/G ratio of 1.69 and a beta of 0.49. The business’s 50 day moving average price is $269.38 and its 200-day moving average price is $269.18.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.43 by $0.23. General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. The business had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.92 billion. During the same period in the previous year, the firm earned $2.88 EPS. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. On average, equities research analysts anticipate that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 11th were issued a $1.50 dividend. The ex-dividend date was Friday, April 11th. This is a positive change from General Dynamics’s previous quarterly dividend of $1.42. This represents a $6.00 annualized dividend and a yield of 2.15%. General Dynamics’s dividend payout ratio (DPR) is 41.61%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on GD shares. Argus set a $295.00 price objective on General Dynamics in a report on Tuesday, May 6th. TD Cowen reduced their price target on shares of General Dynamics from $315.00 to $295.00 in a research report on Tuesday, January 28th. BTIG Research lowered shares of General Dynamics from a “buy” rating to a “neutral” rating in a report on Thursday, February 13th. The Goldman Sachs Group cut their price objective on shares of General Dynamics from $245.00 to $241.00 and set a “sell” rating for the company in a research note on Tuesday, January 28th. Finally, Morgan Stanley decreased their target price on shares of General Dynamics from $305.00 to $300.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, General Dynamics has a consensus rating of “Hold” and a consensus price target of $293.00.

Insider Buying and Selling at General Dynamics

In other news, SVP Marguerite Amy Gilliland sold 27,562 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $272.11, for a total value of $7,499,895.82. Following the completion of the transaction, the senior vice president now owns 45,192 shares in the company, valued at $12,297,195.12. This trade represents a 37.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.50% of the company’s stock.

General Dynamics Company Profile

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.