General Dynamics Co. (NYSE:GD) Stock Holdings Increased by Evercore Wealth Management LLC

Evercore Wealth Management LLC increased its holdings in General Dynamics Co. (NYSE:GDFree Report) by 1.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,355 shares of the aerospace company’s stock after purchasing an additional 78 shares during the quarter. Evercore Wealth Management LLC’s holdings in General Dynamics were worth $1,391,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of General Dynamics by 0.6% in the third quarter. Vanguard Group Inc. now owns 22,423,961 shares of the aerospace company’s stock worth $4,955,023,000 after acquiring an additional 133,061 shares in the last quarter. Wellington Management Group LLP grew its position in General Dynamics by 12.0% during the third quarter. Wellington Management Group LLP now owns 16,360,526 shares of the aerospace company’s stock valued at $3,615,185,000 after purchasing an additional 1,755,276 shares in the last quarter. Sanders Capital LLC grew its position in General Dynamics by 3.7% during the fourth quarter. Sanders Capital LLC now owns 4,164,857 shares of the aerospace company’s stock valued at $1,081,488,000 after purchasing an additional 147,800 shares in the last quarter. Norges Bank purchased a new position in General Dynamics during the fourth quarter valued at approximately $728,284,000. Finally, FMR LLC grew its position in General Dynamics by 13.7% during the third quarter. FMR LLC now owns 2,293,269 shares of the aerospace company’s stock valued at $506,744,000 after purchasing an additional 275,947 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

General Dynamics Price Performance

NYSE:GD opened at $299.14 on Monday. The stock has a market cap of $82.07 billion, a P/E ratio of 24.40, a PEG ratio of 1.71 and a beta of 0.64. General Dynamics Co. has a one year low of $209.25 and a one year high of $302.42. The company has a fifty day moving average price of $292.54 and a 200 day moving average price of $273.30. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 0.87.

General Dynamics (NYSE:GDGet Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.89 by ($0.01). General Dynamics had a net margin of 7.85% and a return on equity of 16.48%. The business had revenue of $10.73 billion during the quarter, compared to analyst estimates of $10.26 billion. During the same quarter in the prior year, the company posted $2.64 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. Analysts anticipate that General Dynamics Co. will post 14.55 earnings per share for the current year.

General Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, July 5th will be paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Friday, July 5th. General Dynamics’s dividend payout ratio is 46.33%.

Insider Activity

In other news, CEO Phebe N. Novakovic sold 49,850 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $284.50, for a total value of $14,182,325.00. Following the completion of the transaction, the chief executive officer now owns 768,977 shares in the company, valued at approximately $218,773,956.50. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Phebe N. Novakovic sold 49,850 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $284.50, for a total value of $14,182,325.00. Following the sale, the chief executive officer now owns 768,977 shares of the company’s stock, valued at approximately $218,773,956.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP William A. Moss sold 21,050 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $294.85, for a total transaction of $6,206,592.50. Following the completion of the sale, the vice president now directly owns 16,624 shares in the company, valued at approximately $4,901,586.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 118,486 shares of company stock worth $34,391,642. 1.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GD. Sanford C. Bernstein boosted their price objective on shares of General Dynamics from $290.00 to $302.00 and gave the company a “market perform” rating in a research report on Thursday, May 23rd. Susquehanna boosted their target price on shares of General Dynamics from $301.00 to $333.00 and gave the stock a “positive” rating in a research report on Friday, April 12th. StockNews.com downgraded shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 3rd. JPMorgan Chase & Co. boosted their price objective on shares of General Dynamics from $280.00 to $298.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Finally, Wells Fargo & Company boosted their price objective on shares of General Dynamics from $291.00 to $322.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $300.63.

Check Out Our Latest Analysis on General Dynamics

About General Dynamics

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding GD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Dynamics Co. (NYSE:GDFree Report).

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

Receive News & Ratings for General Dynamics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Dynamics and related companies with MarketBeat.com's FREE daily email newsletter.