Twin Capital Management Inc. Has $2.77 Million Holdings in General Dynamics Co. (NYSE:GD)

Twin Capital Management Inc. grew its holdings in General Dynamics Co. (NYSE:GD) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,508 shares of the aerospace company’s stock after purchasing an additional 260 shares during the period. Twin Capital Management Inc.’s holdings in General Dynamics were worth $2,769,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Financial Life Planners acquired a new stake in shares of General Dynamics in the fourth quarter valued at approximately $25,000. Whipplewood Advisors LLC acquired a new position in shares of General Dynamics in the 4th quarter valued at approximately $26,000. Kohmann Bosshard Financial Services LLC bought a new stake in General Dynamics during the fourth quarter worth $26,000. Sugar Maple Asset Management LLC acquired a new stake in General Dynamics in the fourth quarter valued at about $28,000. Finally, Heck Capital Advisors LLC acquired a new position in General Dynamics during the 4th quarter worth approximately $28,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at General Dynamics

In other General Dynamics news, Director Laura J. Schumacher sold 1,796 shares of General Dynamics stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $255.68, for a total transaction of $459,201.28. Following the completion of the sale, the director now directly owns 11,175 shares of the company’s stock, valued at $2,857,224. The trade was a 13.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Marguerite Amy Gilliland sold 27,562 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $272.11, for a total value of $7,499,895.82. Following the completion of the transaction, the senior vice president now owns 45,192 shares in the company, valued at approximately $12,297,195.12. The trade was a 37.88 % decrease in their position. The disclosure for this sale can be found here. 1.52% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on GD shares. UBS Group reduced their target price on shares of General Dynamics from $337.00 to $281.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Wolfe Research downgraded General Dynamics from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, December 11th. Robert W. Baird reiterated a “neutral” rating and set a $283.00 price objective (down previously from $345.00) on shares of General Dynamics in a report on Tuesday, January 14th. Susquehanna raised their price objective on shares of General Dynamics from $300.00 to $315.00 and gave the company a “positive” rating in a research note on Wednesday, April 2nd. Finally, The Goldman Sachs Group dropped their price target on shares of General Dynamics from $245.00 to $241.00 and set a “sell” rating on the stock in a research report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $298.59.

General Dynamics Stock Down 7.3 %

Shares of GD stock opened at $249.94 on Monday. General Dynamics Co. has a 1-year low of $239.38 and a 1-year high of $316.90. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.37 and a quick ratio of 0.82. The company has a market cap of $67.08 billion, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 1.69 and a beta of 0.43. The stock’s fifty day moving average price is $258.75 and its 200 day moving average price is $275.35.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, January 29th. The aerospace company reported $4.15 EPS for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.14). General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. On average, research analysts expect that General Dynamics Co. will post 14.83 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 11th will be issued a $1.50 dividend. The ex-dividend date is Friday, April 11th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.40%. This is a positive change from General Dynamics’s previous quarterly dividend of $1.42. General Dynamics’s dividend payout ratio is currently 43.99%.

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.