General Dynamics Co. (NYSE:GD) Shares Acquired by Amica Mutual Insurance Co.

Amica Mutual Insurance Co. increased its position in shares of General Dynamics Co. (NYSE:GD) by 4.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,620 shares of the aerospace company’s stock after acquiring an additional 1,238 shares during the quarter. General Dynamics makes up approximately 0.9% of Amica Mutual Insurance Co.’s holdings, making the stock its 27th biggest holding. Amica Mutual Insurance Co.’s holdings in General Dynamics were worth $9,174,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Redmont Wealth Advisors LLC acquired a new stake in shares of General Dynamics in the first quarter worth approximately $25,000. MeadowBrook Investment Advisors LLC acquired a new stake in shares of General Dynamics during the 4th quarter worth $25,000. Richardson Financial Services Inc. purchased a new position in shares of General Dynamics in the 4th quarter worth $25,000. Financial Synergies Wealth Advisors Inc. purchased a new stake in General Dynamics during the first quarter valued at about $29,000. Finally, New Covenant Trust Company N.A. acquired a new position in shares of General Dynamics in the 1st quarter valued at about $29,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on GD. Sanford C. Bernstein boosted their price objective on shares of General Dynamics from $290.00 to $302.00 and gave the stock a “market perform” rating in a research note on Thursday, May 23rd. Morgan Stanley upgraded General Dynamics from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $293.00 to $345.00 in a research note on Friday, August 9th. Jefferies Financial Group raised General Dynamics from a “hold” rating to a “buy” rating and boosted their price target for the stock from $305.00 to $335.00 in a research report on Monday, April 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of General Dynamics in a research report on Monday, July 29th. Finally, Argus upped their target price on shares of General Dynamics from $290.00 to $310.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $315.06.

General Dynamics Stock Performance

Shares of NYSE GD traded down $0.45 during trading on Monday, reaching $291.00. The stock had a trading volume of 814,837 shares, compared to its average volume of 1,054,276. The firm’s 50 day moving average price is $290.89 and its two-hundred day moving average price is $287.27. General Dynamics Co. has a one year low of $214.53 and a one year high of $302.75. The stock has a market cap of $79.84 billion, a PE ratio of 23.77, a P/E/G ratio of 1.68 and a beta of 0.60. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.80 and a current ratio of 1.33.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share for the quarter, missing analysts’ consensus estimates of $3.30 by ($0.04). General Dynamics had a return on equity of 16.74% and a net margin of 7.89%. The business had revenue of $11.98 billion for the quarter, compared to analyst estimates of $11.46 billion. During the same period last year, the company posted $2.70 earnings per share. The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. On average, research analysts forecast that General Dynamics Co. will post 14.5 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 11th will be issued a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Friday, October 11th. General Dynamics’s dividend payout ratio (DPR) is presently 46.33%.

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.