Daiwa Securities Group Inc. Has $8.44 Million Position in General Dynamics Co. (NYSE:GD)

Daiwa Securities Group Inc. lifted its position in shares of General Dynamics Co. (NYSE:GD - Free Report) by 8.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,020 shares of the aerospace company's stock after purchasing an additional 2,463 shares during the period. Daiwa Securities Group Inc.'s holdings in General Dynamics were worth $8,437,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of GD. Wellington Management Group LLP boosted its position in General Dynamics by 0.8% during the third quarter. Wellington Management Group LLP now owns 14,205,330 shares of the aerospace company's stock worth $4,292,851,000 after purchasing an additional 109,618 shares during the period. State Street Corp lifted its stake in shares of General Dynamics by 9.4% during the 3rd quarter. State Street Corp now owns 10,945,110 shares of the aerospace company's stock worth $3,307,612,000 after buying an additional 943,247 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of General Dynamics by 2.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,829,662 shares of the aerospace company's stock worth $2,366,124,000 after buying an additional 189,904 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of General Dynamics by 13.0% during the 3rd quarter. Geode Capital Management LLC now owns 5,557,404 shares of the aerospace company's stock worth $1,674,998,000 after buying an additional 638,342 shares during the period. Finally, FMR LLC grew its stake in General Dynamics by 0.5% in the 3rd quarter. FMR LLC now owns 4,940,537 shares of the aerospace company's stock valued at $1,493,030,000 after buying an additional 24,464 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

Insider Transactions at General Dynamics

In related news, Director Laura J. Schumacher sold 1,796 shares of the business's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $255.68, for a total transaction of $459,201.28. Following the sale, the director now owns 11,175 shares in the company, valued at $2,857,224. The trade was a 13.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.52% of the company's stock.

General Dynamics Price Performance

General Dynamics stock opened at $264.25 on Wednesday. The stock has a fifty day moving average of $257.99 and a 200-day moving average of $279.44. The stock has a market capitalization of $71.44 billion, a P/E ratio of 19.37, a price-to-earnings-growth ratio of 1.69 and a beta of 0.59. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.37. General Dynamics Co. has a 52 week low of $239.87 and a 52 week high of $316.90.

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General Dynamics (NYSE:GD - Get Free Report) last posted its earnings results on Wednesday, January 29th. The aerospace company reported $4.15 EPS for the quarter, missing analysts' consensus estimates 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, sell-side analysts expect that General Dynamics Co. will post 14.83 earnings per share for the current fiscal year.

General Dynamics announced that its board has authorized a stock buyback program on Wednesday, December 4th that permits the company to buyback 10,000,000 outstanding shares. This buyback authorization permits the aerospace company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

General Dynamics Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 11th will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Friday, April 11th. This is a boost from General Dynamics's previous quarterly dividend of $1.42. General Dynamics's payout ratio is presently 43.99%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. TD Cowen cut their price objective on shares of General Dynamics from $315.00 to $295.00 in a research report on Tuesday, January 28th. Robert W. Baird reissued a "neutral" rating and set a $283.00 price target (down from $345.00) on shares of General Dynamics in a report on Tuesday, January 14th. The Goldman Sachs Group decreased their price objective on General Dynamics from $245.00 to $241.00 and set a "sell" rating on the stock in a report on Tuesday, January 28th. Wolfe Research downgraded General Dynamics from an "outperform" rating to a "peer perform" rating in a report on Wednesday, December 11th. Finally, Barclays reduced their target price on shares of General Dynamics from $305.00 to $285.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $297.71.

General Dynamics Company 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.

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