General Dynamics Co. (NYSE:GD) Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp increased its holdings in shares of General Dynamics Co. (NYSE:GD) by 0.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 93,798 shares of the aerospace company’s stock after purchasing an additional 228 shares during the period. Mackenzie Financial Corp’s holdings in General Dynamics were worth $24,357,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of General Dynamics by 0.6% in the 3rd 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 during the period. Wellington Management Group LLP lifted its stake in shares of General Dynamics by 12.0% in the 3rd quarter. Wellington Management Group LLP now owns 16,360,526 shares of the aerospace company’s stock worth $3,615,185,000 after acquiring an additional 1,755,276 shares during the period. Geode Capital Management LLC lifted its stake in shares of General Dynamics by 6.5% in the 1st quarter. Geode Capital Management LLC now owns 4,228,831 shares of the aerospace company’s stock worth $962,711,000 after acquiring an additional 259,855 shares during the period. Sanders Capital LLC lifted its stake in shares of General Dynamics by 0.4% in the 3rd quarter. Sanders Capital LLC now owns 4,017,057 shares of the aerospace company’s stock worth $887,649,000 after acquiring an additional 17,061 shares during the period. Finally, Morgan Stanley lifted its stake in shares of General Dynamics by 12.1% in the 4th quarter. Morgan Stanley now owns 2,622,031 shares of the aerospace company’s stock worth $650,552,000 after acquiring an additional 282,436 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insiders Place Their Bets

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

General Dynamics Stock Performance

NYSE:GD opened at $284.48 on Thursday. The company has a current ratio of 1.44, a quick ratio of 0.92 and a debt-to-equity ratio of 0.41. The firm has a 50-day moving average price of $278.37 and a two-hundred day moving average price of $258.85. General Dynamics Co. has a twelve month low of $202.35 and a twelve month high of $296.50. The company has a market capitalization of $78.05 billion, a P/E ratio of 23.67, a price-to-earnings-growth ratio of 1.81 and a beta of 0.68.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, January 24th. The aerospace company reported $3.64 earnings per share for the quarter, missing the consensus estimate of $3.68 by ($0.04). The business had revenue of $11.67 billion for the quarter, compared to analysts’ expectations of $11.39 billion. General Dynamics had a net margin of 7.84% and a return on equity of 16.61%. The business’s revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the business posted $3.58 earnings per share. As a group, research analysts expect that General Dynamics Co. will post 14.57 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The company 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. The ex-dividend date is Thursday, April 11th. This represents a $5.68 dividend on an annualized basis and a yield of 2.00%. This is a positive change from General Dynamics’s previous quarterly dividend of $1.32. General Dynamics’s dividend payout ratio (DPR) is 47.25%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on GD shares. The Goldman Sachs Group raised their target price on shares of General Dynamics from $253.00 to $284.00 and gave the stock a “neutral” rating in a research note on Tuesday. Wells Fargo & Company raised their price objective 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. Susquehanna raised their price objective on shares of General Dynamics from $301.00 to $333.00 and gave the company a “positive” rating in a research note on Friday, April 12th. Alembic Global Advisors cut shares of General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 price objective for the company. in a research note on Monday, January 29th. Finally, Royal Bank of Canada raised their price objective on shares of General Dynamics from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $283.80.

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.