General Dynamics Co. (GD) Shares Bought by Numeric Investors LLC

Numeric Investors LLC increased its stake in General Dynamics Co. (NYSE:GD) by 26.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,400 shares of the company’s stock after buying an additional 500 shares during the period. Numeric Investors LLC’s holdings in General Dynamics were worth $414,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in GD. Wells Fargo & Company MN increased its stake in shares of General Dynamics by 27.6% in the third quarter. Wells Fargo & Company MN now owns 7,270,811 shares of the company’s stock valued at $1,128,140,000 after buying an additional 1,573,092 shares during the period. Janus Capital Management LLC increased its stake in shares of General Dynamics by 66.7% in the fourth quarter. Janus Capital Management LLC now owns 3,398,597 shares of the company’s stock valued at $586,887,000 after buying an additional 1,360,427 shares during the period. Third Point LLC increased its stake in shares of General Dynamics by 280.2% in the third quarter. Third Point LLC now owns 1,350,000 shares of the company’s stock valued at $209,466,000 after buying an additional 994,900 shares during the period. First Eagle Investment Management LLC increased its stake in shares of General Dynamics by 96.4% in the third quarter. First Eagle Investment Management LLC now owns 1,780,485 shares of the company’s stock valued at $276,260,000 after buying an additional 873,795 shares during the period. Finally, Bain Capital Public Equity Management LLC bought a new stake in shares of General Dynamics during the fourth quarter valued at approximately $103,234,000. Hedge funds and other institutional investors own 87.35% of the company’s stock.

Institutional Ownership by Quarter for General Dynamics (NYSE:GD)

General Dynamics Co. (NYSE:GD) opened at 191.98 on Tuesday. The company has a 50 day moving average of $187.74 and a 200 day moving average of $169.56. The company has a market capitalization of $57.84 billion, a PE ratio of 20.16 and a beta of 0.75. General Dynamics Co. has a 1-year low of $127.74 and a 1-year high of $194.00.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Friday, January 27th. The company reported $2.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.52 by $0.10. General Dynamics had a return on equity of 27.92% and a net margin of 9.42%. The firm had revenue of $8.20 billion for the quarter, compared to analyst estimates of $8.29 billion. During the same period in the previous year, the firm earned $2.40 earnings per share. The company’s revenue was up 5.4% compared to the same quarter last year. On average, analysts predict that General Dynamics Co. will post $9.75 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 5th. Shareholders of record on Friday, April 7th will be paid a $0.84 dividend. The ex-dividend date of this dividend is Wednesday, April 5th. This is a positive change from General Dynamics’s previous quarterly dividend of $0.76. This represents a $3.36 annualized dividend and a yield of 1.75%. General Dynamics’s payout ratio is 31.90%.

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Several brokerages have recently weighed in on GD. Zacks Investment Research raised shares of General Dynamics from a “hold” rating to a “buy” rating and set a $191.00 price target for the company in a research note on Wednesday, November 23rd. Vetr raised shares of General Dynamics from a “buy” rating to a “strong-buy” rating and set a $196.87 price target for the company in a research note on Wednesday, January 25th. Robert W. Baird reaffirmed an “outperform” rating and set a $215.00 price target on shares of General Dynamics in a research note on Friday, January 20th. Deutsche Bank AG raised their price target on shares of General Dynamics from $165.00 to $178.00 and gave the stock a “hold” rating in a research note on Monday, December 5th. Finally, Stifel Nicolaus raised their price target on shares of General Dynamics from $166.00 to $173.00 and gave the stock a “hold” rating in a research note on Monday, January 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $170.16.

In other General Dynamics news, insider S. Daniel Johnson sold 5,219 shares of the business’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $189.31, for a total value of $988,008.89. Following the transaction, the insider now directly owns 65,243 shares of the company’s stock, valued at $12,351,152.33. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Gregory S. Gallopoulos sold 39,860 shares of the business’s stock in a transaction that occurred on Tuesday, January 31st. The shares were sold at an average price of $179.99, for a total value of $7,174,401.40. Following the completion of the transaction, the vice president now directly owns 146,534 shares in the company, valued at $26,374,654.66. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,225 shares of company stock worth $10,102,224. Insiders own 6.80% of the company’s stock.

General Dynamics Company Profile

General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.

5 Day Chart for NYSE:GD

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