Barclays PLC Has $152.03 Million Stock Position in General Dynamics Corporation $GD

Barclays PLC reduced its holdings in shares of General Dynamics Corporation (NYSE:GD) by 22.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 451,591 shares of the aerospace company’s stock after selling 132,702 shares during the quarter. Barclays PLC’s holdings in General Dynamics were worth $152,033,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Dunhill Financial LLC grew its holdings in shares of General Dynamics by 620.0% during the third quarter. Dunhill Financial LLC now owns 72 shares of the aerospace company’s stock valued at $25,000 after buying an additional 62 shares during the last quarter. KERR FINANCIAL PLANNING Corp acquired a new position in shares of General Dynamics during the third quarter valued at about $25,000. Dagco Inc. acquired a new position in shares of General Dynamics during the fourth quarter valued at about $25,000. Burkett Financial Services LLC boosted its holdings in General Dynamics by 650.0% during the third quarter. Burkett Financial Services LLC now owns 75 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 65 shares during the last quarter. Finally, Steph & Co. boosted its holdings in General Dynamics by 65.2% during the fourth quarter. Steph & Co. now owns 76 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 30 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other General Dynamics 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 value of $12,596,179.20. Following the sale, the executive vice president 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.40% of the company’s stock.

General Dynamics Stock Performance

Shares of GD stock opened at $359.08 on Tuesday. The firm has a market cap of $97.11 billion, a price-to-earnings ratio of 22.60, a P/E/G ratio of 2.23 and a beta of 0.34. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.38. General Dynamics Corporation has a 52 week low of $275.49 and a 52 week high of $369.70. The firm’s 50-day simple moving average is $340.51 and its two-hundred day simple moving average is $346.78.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, April 29th. The aerospace company reported $4.10 EPS for the quarter, topping the consensus estimate of $3.67 by $0.43. The business had revenue of $13.48 billion for the quarter, compared to analyst estimates of $12.70 billion. General Dynamics had a net margin of 8.07% and a return on equity of 17.41%. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.66 earnings per share. As a group, equities analysts forecast that General Dynamics Corporation will post 16.62 earnings per share for the current year.

General Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 2nd will be given a $1.59 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $6.36 annualized dividend and a yield of 1.8%. General Dynamics’s payout ratio is currently 40.03%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on GD. Royal Bank Of Canada restated a “sector perform” rating and set a $385.00 price target on shares of General Dynamics in a report on Thursday, April 30th. JPMorgan Chase & Co. boosted their price target on shares of General Dynamics from $385.00 to $400.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Weiss Ratings cut shares of General Dynamics from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft cut their price target on shares of General Dynamics from $387.00 to $377.00 and set a “hold” rating on the stock in a report on Wednesday, May 6th. Finally, Morgan Stanley boosted their price target on shares of General Dynamics from $410.00 to $435.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $388.40.

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.