Kapitalo Investimentos Ltda Has $157,000 Holdings in General Dynamics Co. (NYSE:GD)

Kapitalo Investimentos Ltda raised its position in General Dynamics Co. (NYSE:GD) by 728.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 605 shares of the aerospace company’s stock after buying an additional 532 shares during the period. Kapitalo Investimentos Ltda’s holdings in General Dynamics were worth $157,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake 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 during the last quarter. Wellington Management Group LLP raised its stake in shares of General Dynamics by 12.0% in the third 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 last quarter. Sanders Capital LLC raised its stake in shares of General Dynamics by 3.7% in the fourth quarter. Sanders Capital LLC now owns 4,164,857 shares of the aerospace company’s stock worth $1,081,488,000 after acquiring an additional 147,800 shares during the last quarter. Norges Bank bought a new position in shares of General Dynamics in the fourth quarter worth about $728,284,000. Finally, FMR LLC raised its stake in shares of General Dynamics by 13.7% in the third quarter. FMR LLC now owns 2,293,269 shares of the aerospace company’s stock worth $506,744,000 after acquiring an additional 275,947 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Stock Up 1.4 %

Shares of GD stock opened at $298.00 on Wednesday. The firm has a fifty day moving average of $292.81 and a 200-day moving average of $275.62. The company has a quick ratio of 0.87, a current ratio of 1.44 and a debt-to-equity ratio of 0.41. General Dynamics Co. has a 12-month low of $209.25 and a 12-month high of $302.42. The company has a market capitalization of $81.76 billion, a price-to-earnings ratio of 24.31, a P/E/G ratio of 1.68 and a beta of 0.64.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.89 by ($0.01). The company had revenue of $10.73 billion for the quarter, compared to the consensus estimate of $10.26 billion. General Dynamics had a return on equity of 16.48% and a net margin of 7.85%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company earned $2.64 EPS. As a group, equities research analysts predict that General Dynamics Co. will post 14.55 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, July 5th will be given a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Friday, July 5th. General Dynamics’s dividend payout ratio (DPR) is currently 46.33%.

Analysts Set New Price Targets

A number of brokerages have weighed in on GD. StockNews.com downgraded shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 3rd. Citigroup boosted their price target on shares of General Dynamics from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. boosted their price target 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. Barclays boosted their price target on shares of General Dynamics from $285.00 to $310.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Finally, Argus boosted their price target on shares of General Dynamics from $290.00 to $310.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. Five investment 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 stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $300.63.

Insider Activity at General Dynamics

In related news, CFO Kimberly A. Kuryea sold 13,344 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $298.16, for a total value of $3,978,647.04. Following the completion of the transaction, the chief financial officer now owns 79,255 shares of the company’s stock, valued at $23,630,670.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, VP Gregory S. Gallopoulos sold 13,567 shares of General Dynamics stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $288.51, for a total value of $3,914,215.17. Following the completion of the transaction, the vice president now owns 103,345 shares of the company’s stock, valued at approximately $29,816,065.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kimberly A. Kuryea sold 13,344 shares of General Dynamics stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $298.16, for a total transaction of $3,978,647.04. Following the completion of the transaction, the chief financial officer now directly owns 79,255 shares of the company’s stock, valued at approximately $23,630,670.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 118,486 shares of company stock valued at $34,391,642. Corporate insiders own 1.60% of the company’s stock.

About General Dynamics

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.