Gulf International Bank UK Ltd Purchases 114 Shares of General Dynamics Co. (NYSE:GD)

Gulf International Bank UK Ltd increased its position in General Dynamics Co. (NYSE:GD) by 8.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,500 shares of the aerospace company’s stock after buying an additional 114 shares during the period. Gulf International Bank UK Ltd’s holdings in General Dynamics were worth $423,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of GD. MeadowBrook Investment Advisors LLC bought a new position in General Dynamics in the 4th quarter worth $25,000. Richardson Financial Services Inc. bought a new position in shares of General Dynamics during the 4th quarter valued at about $25,000. Scarborough Advisors LLC bought a new position in shares of General Dynamics during the 4th quarter valued at about $33,000. Voisard Asset Management Group Inc. bought a new position in shares of General Dynamics during the 4th quarter valued at about $36,000. Finally, Rakuten Securities Inc. bought a new position in shares of General Dynamics during the 4th quarter valued at about $38,000. Institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Performance

General Dynamics stock opened at $298.25 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 0.87. General Dynamics Co. has a 1-year low of $209.25 and a 1-year high of $302.42. The firm has a market capitalization of $81.83 billion, a P/E ratio of 24.33, a price-to-earnings-growth ratio of 1.71 and a beta of 0.64. The company’s 50-day moving average is $293.42 and its 200 day moving average is $276.61.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share for the quarter, missing analysts’ consensus estimates of $2.89 by ($0.01). General Dynamics had a return on equity of 16.48% and a net margin of 7.85%. The firm had revenue of $10.73 billion during the quarter, compared to analysts’ expectations of $10.26 billion. During the same period last year, the company earned $2.64 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. Research analysts forecast that General Dynamics Co. will post 14.55 EPS for the current year.

General Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, July 5th will be paid a $1.42 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $5.68 dividend on an annualized basis and a yield of 1.90%. General Dynamics’s dividend payout ratio is currently 46.33%.

Insiders Place Their Bets

In other General Dynamics news, CEO Phebe N. Novakovic sold 49,850 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $284.50, for a total value of $14,182,325.00. Following the transaction, the chief executive officer now directly owns 768,977 shares in the company, valued at approximately $218,773,956.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other General Dynamics news, CEO Phebe N. Novakovic sold 49,850 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $284.50, for a total value of $14,182,325.00. Following the transaction, the chief executive officer now directly owns 768,977 shares in the company, valued at approximately $218,773,956.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kimberly A. Kuryea sold 13,344 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $298.16, for a total transaction of $3,978,647.04. Following the completion of the transaction, the chief financial officer now owns 79,255 shares in the company, valued at $23,630,670.80. The disclosure for this sale can be found here. Insiders have sold 118,486 shares of company stock worth $34,391,642 in the last three months. Corporate insiders own 1.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on GD. Susquehanna increased their price objective on shares of General Dynamics from $301.00 to $333.00 and gave the company a “positive” rating in a report on Friday, April 12th. Wells Fargo & Company increased their price objective on shares of General Dynamics from $291.00 to $322.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Citigroup increased their price objective on shares of General Dynamics from $300.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Jefferies Financial Group raised shares of General Dynamics from a “hold” rating to a “buy” rating and increased their price objective for the company from $305.00 to $335.00 in a report on Monday, April 29th. Finally, The Goldman Sachs Group upped their target price on shares of General Dynamics from $253.00 to $284.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, General Dynamics has a consensus rating of “Moderate Buy” and an average target price of $300.63.

General Dynamics 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.