General Dynamics Co. (NYSE:GD) Shares Acquired by Bank of Nova Scotia

Bank of Nova Scotia lifted its stake in General Dynamics Co. (NYSE:GD - Free Report) by 124.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 74,387 shares of the aerospace company's stock after purchasing an additional 41,264 shares during the quarter. Bank of Nova Scotia's holdings in General Dynamics were worth $19,600,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of GD. Financial Life Planners purchased a new stake in shares of General Dynamics in the fourth quarter valued at $25,000. Whipplewood Advisors LLC bought a new stake in General Dynamics in the fourth quarter worth about $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of General Dynamics during the fourth quarter valued at approximately $26,000. Sugar Maple Asset Management LLC bought a new position in shares of General Dynamics during the fourth quarter valued at approximately $28,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of General Dynamics in the fourth quarter worth approximately $28,000. Institutional investors own 86.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GD. TD Cowen dropped their price objective on General Dynamics from $315.00 to $295.00 in a report on Tuesday, January 28th. Baird R W downgraded shares of General Dynamics from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. lowered their price objective on shares of General Dynamics from $307.00 to $284.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. UBS Group reduced their target price on shares of General Dynamics from $337.00 to $281.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 28th. Finally, Barclays dropped their price objective on General Dynamics from $305.00 to $285.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $296.82.

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General Dynamics Stock Down 0.0 %

NYSE:GD traded down $0.11 during mid-day trading on Tuesday, hitting $278.67. 467,008 shares of the company's stock traded hands, compared to its average volume of 1,716,559. The company has a market capitalization of $74.79 billion, a P/E ratio of 20.43, a P/E/G ratio of 1.69 and a beta of 0.43. General Dynamics Co. has a twelve month low of $239.20 and a twelve month high of $316.90. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.37. The company has a fifty day moving average of $259.89 and a 200 day moving average of $273.43.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.29 by ($0.14). General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. On average, analysts forecast that General Dynamics Co. will post 14.83 EPS for the current year.

General Dynamics Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 11th will be issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 2.15%. This is a positive change from General Dynamics's previous quarterly dividend of $1.42. The ex-dividend date is Friday, April 11th. General Dynamics's dividend payout ratio (DPR) is 43.99%.

Insider Activity

In related news, SVP Marguerite Amy Gilliland sold 27,562 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $272.11, for a total value of $7,499,895.82. Following the transaction, the senior vice president now directly owns 45,192 shares of the company's stock, valued at approximately $12,297,195.12. This trade represents a 37.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Laura J. Schumacher sold 1,796 shares of General Dynamics stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $255.68, for a total value of $459,201.28. Following the completion of the sale, the director now directly owns 11,175 shares in the company, valued at $2,857,224. This represents a 13.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.52% of the company's stock.

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.