General Dynamics Co. (NYSE:GD) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of General Dynamics Co. (NYSE:GD) by 0.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 52,868 shares of the aerospace company’s stock after purchasing an additional 146 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in General Dynamics were worth $13,728,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Certified Advisory Corp purchased a new stake in shares of General Dynamics in the 1st quarter worth about $25,000. Briaud Financial Planning Inc purchased a new stake in shares of General Dynamics in the 3rd quarter worth about $27,000. Impact Partnership Wealth LLC boosted its position in shares of General Dynamics by 411.5% in the 3rd quarter. Impact Partnership Wealth LLC now owns 133 shares of the aerospace company’s stock worth $29,000 after buying an additional 107 shares in the last quarter. Live Oak Investment Partners purchased a new stake in shares of General Dynamics in the 4th quarter worth about $30,000. Finally, Tyler Stone Wealth Management purchased a new stake in shares of General Dynamics in the 2nd quarter worth about $30,000. 86.14% of the stock is owned by institutional investors and hedge funds.

General Dynamics Trading Up 0.3 %

NYSE GD opened at $285.27 on Friday. General Dynamics Co. has a 12 month low of $202.35 and a 12 month high of $296.50. The company has a 50-day moving average of $278.70 and a 200-day moving average of $259.03. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 0.92. The company has a market cap of $78.27 billion, a P/E ratio of 23.73, a P/E/G ratio of 1.81 and a beta of 0.68.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $3.64 EPS for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). The company had revenue of $11.67 billion for the quarter, compared to analyst estimates of $11.39 billion. General Dynamics had a net margin of 7.84% and a return on equity of 16.61%. The company’s revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company earned $3.58 EPS. As a group, equities analysts predict that General Dynamics Co. will post 14.57 earnings per share for the current year.

General Dynamics Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 12th will be given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Thursday, April 11th. This is an increase from General Dynamics’s previous quarterly dividend of $1.32. General Dynamics’s dividend payout ratio is 47.25%.

Insider Buying and Selling

In related news, CEO Phebe N. Novakovic sold 32,355 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $264.31, for a total transaction of $8,551,750.05. Following the completion of the sale, the chief executive officer now owns 773,977 shares of the company’s stock, valued at approximately $204,569,860.87. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other General Dynamics news, EVP Mark C. Roualet sold 73,330 shares of the stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $264.75, for a total value of $19,414,117.50. Following the completion of the sale, the executive vice president now owns 149,205 shares of the company’s stock, valued at $39,502,023.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Phebe N. Novakovic sold 32,355 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $264.31, for a total transaction of $8,551,750.05. Following the completion of the sale, the chief executive officer now directly owns 773,977 shares of the company’s stock, valued at approximately $204,569,860.87. The disclosure for this sale can be found here. Corporate insiders own 1.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. StockNews.com lowered shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 3rd. Alembic Global Advisors lowered shares of General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 target price on the stock. in a report on Monday, January 29th. Susquehanna upped their target price on shares of General Dynamics from $301.00 to $333.00 and gave the company a “positive” rating in a report on Friday, April 12th. UBS Group upped their target price on shares of General Dynamics from $286.00 to $296.00 and gave the company a “neutral” rating in a report on Monday, January 29th. Finally, Royal Bank of Canada upped their target price on shares of General Dynamics from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $283.80.

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.