Mizuho Markets Americas LLC Increases Stock Holdings in General Dynamics Co. (NYSE:GD)

Mizuho Markets Americas LLC lifted its stake in shares of General Dynamics Co. (NYSE:GDFree Report) by 31.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,412 shares of the aerospace company’s stock after buying an additional 4,693 shares during the quarter. Mizuho Markets Americas LLC’s holdings in General Dynamics were worth $5,041,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Daiwa Securities Group Inc. boosted its holdings in shares of General Dynamics by 6.4% in the third quarter. Daiwa Securities Group Inc. now owns 19,339 shares of the aerospace company’s stock valued at $4,273,000 after acquiring an additional 1,159 shares during the period. Gilbert & Cook Inc. boosted its holdings in shares of General Dynamics by 9.3% in the third quarter. Gilbert & Cook Inc. now owns 2,387 shares of the aerospace company’s stock valued at $527,000 after acquiring an additional 203 shares during the period. Cullen Frost Bankers Inc. boosted its holdings in shares of General Dynamics by 7.0% in the third quarter. Cullen Frost Bankers Inc. now owns 4,601 shares of the aerospace company’s stock valued at $1,017,000 after acquiring an additional 303 shares during the period. Empirical Finance LLC boosted its holdings in shares of General Dynamics by 10.5% in the third quarter. Empirical Finance LLC now owns 7,925 shares of the aerospace company’s stock valued at $1,751,000 after acquiring an additional 751 shares during the period. Finally, Hoylecohen LLC boosted its holdings in shares of General Dynamics by 1.7% in the third quarter. Hoylecohen LLC now owns 3,383 shares of the aerospace company’s stock valued at $748,000 after acquiring an additional 58 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Phebe N. Novakovic sold 49,850 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $284.50, for a total value of $14,182,325.00. Following the completion of the transaction, the chief executive officer now owns 768,977 shares in the company, valued at $218,773,956.50. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Phebe N. Novakovic sold 49,850 shares of the business’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 completion of the transaction, the chief executive officer now owns 768,977 shares of the company’s stock, valued at approximately $218,773,956.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP William A. Moss sold 21,050 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $294.85, for a total transaction of $6,206,592.50. Following the sale, the vice president now directly owns 16,624 shares in the company, valued at $4,901,586.40. The disclosure for this sale can be found here. Insiders sold a total of 93,053 shares of company stock worth $26,827,518 over the last 90 days. 1.52% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on GD shares. Argus increased their price objective on General Dynamics from $290.00 to $310.00 and gave the company a “buy” rating in a report on Monday, April 29th. Wells Fargo & Company increased their price target on General Dynamics from $291.00 to $322.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. UBS Group increased their price target on General Dynamics from $286.00 to $296.00 and gave the stock a “neutral” rating in a report on Monday, January 29th. Susquehanna increased their price target on General Dynamics from $301.00 to $333.00 and gave the stock a “positive” rating in a report on Friday, April 12th. Finally, Citigroup increased their price target on General Dynamics from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $300.53.

View Our Latest Research Report on General Dynamics

General Dynamics Price Performance

General Dynamics stock traded up $3.27 during midday trading on Friday, reaching $299.02. The company’s stock had a trading volume of 894,179 shares, compared to its average volume of 1,180,025. General Dynamics Co. has a fifty-two week low of $202.35 and a fifty-two week high of $299.14. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.87 and a current ratio of 1.44. The stock’s 50 day simple moving average is $286.74 and its 200 day simple moving average is $267.49. The firm has a market capitalization of $82.04 billion, a PE ratio of 24.39, a P/E/G ratio of 1.84 and a beta of 0.67.

General Dynamics (NYSE:GDGet Free Report) last announced its quarterly earnings results 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 net margin of 7.85% and a return on equity of 16.48%. The firm had revenue of $10.73 billion during the quarter, compared to analysts’ expectations of $10.26 billion. During the same quarter in the prior year, the business earned $2.64 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts forecast that General Dynamics Co. will post 14.55 earnings per share for the current year.

General Dynamics Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Friday, April 12th were given a $1.42 dividend. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.90%. This is a boost from General Dynamics’s previous quarterly dividend of $1.32. General Dynamics’s dividend payout ratio (DPR) is currently 46.33%.

General Dynamics Profile

(Free Report)

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.

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

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