Alaska Permanent Fund Corp Has $405,000 Stake in General Dynamics Co. (NYSE:GD)

Alaska Permanent Fund Corp lessened its position in shares of General Dynamics Co. (NYSE:GD) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,559 shares of the aerospace company’s stock after selling 61 shares during the period. Alaska Permanent Fund Corp’s holdings in General Dynamics were worth $405,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Impact Partnership Wealth LLC lifted its stake in General Dynamics by 411.5% in the 3rd quarter. Impact Partnership Wealth LLC now owns 133 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 107 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in shares of General Dynamics by 1,406.1% in the third quarter. Exchange Traded Concepts LLC now owns 2,696 shares of the aerospace company’s stock worth $596,000 after purchasing an additional 2,517 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in General Dynamics by 0.3% during the third quarter. Asset Management One Co. Ltd. now owns 93,437 shares of the aerospace company’s stock worth $20,647,000 after purchasing an additional 280 shares during the last quarter. Aaron Wealth Advisors LLC grew its position in General Dynamics by 8.9% in the third quarter. Aaron Wealth Advisors LLC now owns 1,267 shares of the aerospace company’s stock valued at $280,000 after purchasing an additional 104 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC increased its stake in General Dynamics by 19.1% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,693 shares of the aerospace company’s stock valued at $374,000 after buying an additional 272 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Buying and Selling at General Dynamics

In other news, CEO Phebe N. Novakovic sold 32,355 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $264.31, for a total transaction of $8,551,750.05. Following 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.52% of the company’s stock.

General Dynamics Trading Down 0.2 %

GD stock opened at $284.41 on Friday. General Dynamics Co. has a one year low of $202.35 and a one year high of $296.50. The stock has a market cap of $78.03 billion, a price-to-earnings ratio of 23.20, a price-to-earnings-growth ratio of 1.81 and a beta of 0.68. The company has a fifty day moving average price of $280.86 and a two-hundred day moving average price of $261.71. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 0.92.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, April 24th. The aerospace company reported $2.88 EPS for the quarter, missing analysts’ consensus estimates of $2.89 by ($0.01). The company had revenue of $10.73 billion during the quarter, compared to analyst estimates of $10.26 billion. General Dynamics had a net margin of 7.85% and a return on equity of 16.48%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the company posted $2.64 EPS. Equities analysts anticipate that General Dynamics Co. will post 14.56 EPS for the current year.

General Dynamics Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 12th will be given a dividend of $1.42 per share. This is a boost from General Dynamics’s previous quarterly dividend of $1.32. The ex-dividend date is Thursday, April 11th. This represents a $5.68 annualized dividend and a yield of 2.00%. General Dynamics’s dividend payout ratio (DPR) is presently 46.33%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. UBS Group increased their price objective on shares of General Dynamics from $286.00 to $296.00 and gave the stock a “neutral” rating in a research note on Monday, January 29th. Citigroup increased their price target on General Dynamics from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Thursday. StockNews.com raised General Dynamics from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Alembic Global Advisors downgraded General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 price objective for the company. in a report on Monday, January 29th. Finally, Wells Fargo & Company raised their target price on shares of General Dynamics from $291.00 to $322.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, General Dynamics has a consensus rating of “Moderate Buy” and an average price target of $285.63.

General Dynamics Company 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.