General Dynamics Corporation $GD Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its position in shares of General Dynamics Corporation (NYSE:GD) by 22.0% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 406,153 shares of the aerospace company’s stock after buying an additional 73,358 shares during the period. Quantinno Capital Management LP’s holdings in General Dynamics were worth $139,400,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in General Dynamics by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 24,767,330 shares of the aerospace company’s stock worth $8,338,169,000 after buying an additional 528,769 shares during the last quarter. M&T Bank Corp increased its stake in shares of General Dynamics by 155.6% during the 4th quarter. M&T Bank Corp now owns 104,773 shares of the aerospace company’s stock valued at $35,273,000 after acquiring an additional 63,781 shares during the last quarter. Financial Planning Hawaii Inc. purchased a new position in shares of General Dynamics during the 4th quarter worth about $1,103,000. Jefferies Financial Group Inc. purchased a new position in shares of General Dynamics during the 4th quarter worth about $7,914,000. Finally, Deutsche Bank AG boosted its position in shares of General Dynamics by 12.2% in the fourth quarter. Deutsche Bank AG now owns 939,264 shares of the aerospace company’s stock worth $316,213,000 after acquiring an additional 102,208 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

General Dynamics Stock Up 0.6%

Shares of NYSE:GD opened at $389.22 on Tuesday. The stock has a 50-day simple moving average of $357.11 and a 200-day simple moving average of $351.94. The stock has a market capitalization of $105.26 billion, a P/E ratio of 24.49, a PEG ratio of 2.33 and a beta of 0.34. General Dynamics Corporation has a 1 year low of $306.03 and a 1 year high of $392.57. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.38.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, April 29th. The aerospace company reported $4.10 EPS for the quarter, beating the consensus estimate 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 net margin of 8.07% and a return on equity of 17.41%. General Dynamics’s revenue for the quarter 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. Equities analysts forecast that General Dynamics Corporation will post 16.66 earnings per share for the current year.

General Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 2nd will be paid a $1.59 dividend. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, July 2nd. General Dynamics’s dividend payout ratio (DPR) is currently 40.03%.

Insiders Place Their Bets

In related news, Director Mark Malcolm sold 5,480 shares of the stock in a transaction on 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 sale, the director directly owned 10,643 shares in the company, valued at approximately $3,884,695. This represents a 33.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark Lagrand Burns sold 36,480 shares of the firm’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 trade represents a 48.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 78,190 shares of company stock worth $27,041,022. Insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GD. Morgan Stanley boosted their target price on shares of General Dynamics from $410.00 to $435.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. The Goldman Sachs Group cut their price target 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. Weiss Ratings raised shares of General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 1st. DA Davidson dropped their price objective on General Dynamics from $384.00 to $375.00 in a report on Thursday, April 30th. Finally, Wells Fargo & Company initiated coverage on General Dynamics in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $400.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, General Dynamics has a consensus rating of “Moderate Buy” and an average price target of $391.15.

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.