Daiwa Securities Group Inc. lowered its holdings in shares of General Dynamics Co. (NYSE:GD) by 60.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,286 shares of the aerospace company’s stock after selling 20,345 shares during the period. Daiwa Securities Group Inc.’s holdings in General Dynamics were worth $2,703,000 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 business. Bedel Financial Consulting Inc. acquired a new position in shares of General Dynamics in the fourth quarter valued at approximately $350,000. Glassman Wealth Services acquired a new position in shares of General Dynamics in the fourth quarter valued at approximately $2,695,000. Moreno Evelyn V raised its position in shares of General Dynamics by 9.3% in the fourth quarter. Moreno Evelyn V now owns 14,712 shares of the aerospace company’s stock valued at $2,993,000 after buying an additional 1,256 shares during the last quarter. AE Wealth Management LLC raised its position in shares of General Dynamics by 29.4% in the fourth quarter. AE Wealth Management LLC now owns 1,543 shares of the aerospace company’s stock valued at $314,000 after buying an additional 351 shares during the last quarter. Finally, ING Groep NV raised its position in shares of General Dynamics by 9.7% in the fourth quarter. ING Groep NV now owns 26,402 shares of the aerospace company’s stock valued at $5,371,000 after buying an additional 2,334 shares during the last quarter. Institutional investors own 87.03% of the company’s stock.

Shares of General Dynamics Co. (NYSE:GD) opened at $211.81 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.99 and a current ratio of 1.40. General Dynamics Co. has a 52 week low of $183.72 and a 52 week high of $229.54. The stock has a market cap of $62,216.50, a P/E ratio of 21.06, a price-to-earnings-growth ratio of 2.22 and a beta of 0.85.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.13. General Dynamics had a net margin of 9.40% and a return on equity of 27.22%. The company had revenue of $8.28 billion during the quarter, compared to the consensus estimate of $8.40 billion. During the same period in the previous year, the firm earned $1.89 earnings per share. General Dynamics’s revenue for the quarter was up 8.1% on a year-over-year basis. sell-side analysts predict that General Dynamics Co. will post 11.1 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Shareholders of record on Friday, January 19th were paid a dividend of $0.84 per share. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $3.36 annualized dividend and a yield of 1.59%. General Dynamics’s dividend payout ratio is currently 35.18%.

A number of research firms have recently weighed in on GD. Sanford C. Bernstein reissued a “market perform” rating and issued a $237.00 price objective (up previously from $218.00) on shares of General Dynamics in a research report on Thursday, January 25th. Bank of America upped their price target on shares of General Dynamics from $245.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Buckingham Research reaffirmed a “buy” rating and set a $260.00 price target (up previously from $230.00) on shares of General Dynamics in a research report on Tuesday, January 30th. Zacks Investment Research raised shares of General Dynamics from a “hold” rating to a “buy” rating and set a $252.00 price target for the company in a research report on Friday, February 2nd. Finally, Argus raised shares of General Dynamics to a “buy” rating and upped their price target for the stock from $230.00 to $250.00 in a research report on Tuesday, January 30th. Three analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. General Dynamics has a consensus rating of “Hold” and an average price target of $232.09.

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About General Dynamics

General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.

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Institutional Ownership by Quarter for General Dynamics (NYSE:GD)

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