Industrial Alliance Investment Management Inc. Has $445,000 Stake in General Dynamics Co. (NYSE:GD)

Industrial Alliance Investment Management Inc. grew its holdings in General Dynamics Co. (NYSE:GD) by 4.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,574 shares of the aerospace company’s stock after purchasing an additional 66 shares during the period. Industrial Alliance Investment Management Inc.’s holdings in General Dynamics were worth $445,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in GD. Norges Bank acquired a new position in shares of General Dynamics in the 4th quarter valued at about $728,284,000. International Assets Investment Management LLC increased its holdings in shares of General Dynamics by 10,763.2% in the 4th quarter. International Assets Investment Management LLC now owns 923,593 shares of the aerospace company’s stock valued at $239,829,000 after purchasing an additional 915,091 shares during the period. Verity & Verity LLC bought a new stake in shares of General Dynamics in the 1st quarter valued at approximately $179,000. 1832 Asset Management L.P. grew its stake in shares of General Dynamics by 3,645.4% in the 4th quarter. 1832 Asset Management L.P. now owns 558,586 shares of the aerospace company’s stock valued at $145,048,000 after buying an additional 543,672 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado grew its stake in shares of General Dynamics by 879.9% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 340,359 shares of the aerospace company’s stock valued at $96,148,000 after buying an additional 305,624 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wells Fargo & Company boosted their price target on General Dynamics from $330.00 to $334.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Robert W. Baird reissued an “outperform” rating and issued a $345.00 price target on shares of General Dynamics in a research note on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of General Dynamics in a research note on Monday. Morgan Stanley boosted their price target on General Dynamics from $271.00 to $293.00 and gave the company an “equal weight” rating in a research note on Monday, July 15th. Finally, JPMorgan Chase & Co. upped their target price on General Dynamics from $280.00 to $298.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $312.17.

General Dynamics Stock Performance

Shares of GD stock traded up $3.56 during trading hours on Tuesday, reaching $293.05. 857,991 shares of the company’s stock were exchanged, compared to its average volume of 1,071,985. General Dynamics Co. has a fifty-two week low of $214.53 and a fifty-two week high of $302.75. The stock has a market capitalization of $80.52 billion, a P/E ratio of 23.61, a P/E/G ratio of 1.66 and a beta of 0.60. The business has a fifty day moving average price of $292.43 and a 200-day moving average price of $282.88. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.33.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, July 24th. The aerospace company reported $3.26 EPS for the quarter, missing analysts’ consensus estimates of $3.30 by ($0.04). The business had revenue of $11.98 billion for the quarter, compared to analyst estimates of $11.46 billion. General Dynamics had a return on equity of 16.74% and a net margin of 7.89%. The firm’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.70 earnings per share. Analysts predict that General Dynamics Co. will post 14.51 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, July 5th will be paid a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, July 5th. This represents a $5.68 annualized dividend and a yield of 1.94%. General Dynamics’s dividend payout ratio is currently 46.33%.

Insider Transactions at General Dynamics

In related news, Director Leon Rudy F. De sold 2,570 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $288.00, for a total value of $740,160.00. Following the transaction, the director now owns 5,518 shares in the company, valued at $1,589,184. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Leon Rudy F. De sold 2,570 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $288.00, for a total value of $740,160.00. Following the transaction, the director now owns 5,518 shares in the company, valued at $1,589,184. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Mark Lagrand Burns sold 6,016 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $296.58, for a total value of $1,784,225.28. Following the completion of the transaction, the vice president now owns 76,221 shares in the company, valued at approximately $22,605,624.18. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,069 shares of company stock worth $16,295,101. Insiders own 1.52% of the company’s stock.

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.