Arbejdsmarkedets Tillaegspension Has $25.12 Million Stake in General Dynamics Corporation $GD

Arbejdsmarkedets Tillaegspension increased its stake in shares of General Dynamics Corporation (NYSE:GD) by 5.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 73,179 shares of the aerospace company’s stock after buying an additional 3,598 shares during the quarter. Arbejdsmarkedets Tillaegspension’s holdings in General Dynamics were worth $25,116,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in General Dynamics by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 24,767,330 shares of the aerospace company’s stock worth $8,338,169,000 after buying an additional 528,769 shares in the last quarter. State Street Corp grew its holdings in shares of General Dynamics by 2.7% during the 4th quarter. State Street Corp now owns 11,323,170 shares of the aerospace company’s stock valued at $3,812,058,000 after acquiring an additional 294,456 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of General Dynamics by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 6,065,462 shares of the aerospace company’s stock worth $2,039,742,000 after acquiring an additional 195,604 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of General Dynamics by 2.2% in the fourth quarter. JPMorgan Chase & Co. now owns 5,307,389 shares of the aerospace company’s stock worth $1,786,786,000 after acquiring an additional 114,647 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of General Dynamics by 5.4% during the third quarter. Ameriprise Financial Inc. now owns 3,627,155 shares of the aerospace company’s stock worth $1,236,900,000 after acquiring an additional 187,435 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

General Dynamics Stock Performance

NYSE:GD opened at $374.51 on Monday. The stock’s 50-day simple moving average is $350.54 and its 200 day simple moving average is $349.66. The firm has a market capitalization of $101.28 billion, a PE ratio of 23.57, a price-to-earnings-growth ratio of 2.26 and a beta of 0.34. General Dynamics Corporation has a twelve month low of $293.95 and a twelve month high of $380.71. The company has a quick ratio of 0.90, a current ratio of 1.38 and a debt-to-equity ratio of 0.24.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, April 29th. The aerospace company reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.67 by $0.43. General Dynamics had a net margin of 8.07% and a return on equity of 17.41%. The business had revenue of $13.48 billion during the quarter, compared to the consensus estimate of $12.70 billion. During the same period in the prior year, the firm posted $3.66 EPS. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. On average, analysts anticipate that General Dynamics Corporation will post 16.64 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 2nd will be paid a dividend of $1.59 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $6.36 dividend on an annualized basis and a yield of 1.7%. General Dynamics’s dividend payout ratio is presently 40.03%.

Wall Street Analyst Weigh In

A number of research analysts have commented on GD shares. Wall Street Zen upgraded General Dynamics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 13th. Wells Fargo & Company initiated coverage on General Dynamics in a research note on Wednesday, April 1st. They set an “overweight” rating and a $400.00 price target for the company. UBS Group upgraded General Dynamics from a “neutral” rating to a “buy” rating in a report on Thursday, June 11th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $385.00 price target on shares of General Dynamics in a research note on Thursday, April 30th. Finally, Morgan Stanley raised their price objective on shares of General Dynamics from $410.00 to $435.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, General Dynamics has an average rating of “Moderate Buy” and a consensus target price of $391.15.

Insider Activity

In related news, EVP Mark Lagrand Burns sold 36,480 shares of General Dynamics stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $345.29, for a total transaction of $12,596,179.20. Following the completion of the transaction, the executive vice president directly owned 38,975 shares of the company’s stock, valued at approximately $13,457,677.75. The trade was a 48.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark Malcolm sold 5,480 shares of the business’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $365.00, for a total transaction of $2,000,200.00. Following the completion of the transaction, the director owned 10,643 shares of the company’s stock, valued at $3,884,695. This represents a 33.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 78,190 shares of company stock worth $27,041,022 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.

General Dynamics Profile

General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.

Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.