Mason Street Advisors LLC Has $6.54 Million Stake in General Dynamics Co. (GD)

Mason Street Advisors LLC trimmed its position in General Dynamics Co. (NYSE:GD) by 1.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,653 shares of the aerospace company’s stock after selling 595 shares during the quarter. Mason Street Advisors LLC’s holdings in General Dynamics were worth $6,543,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Virtu Financial LLC grew its holdings in shares of General Dynamics by 63.0% in the 1st quarter. Virtu Financial LLC now owns 8,155 shares of the aerospace company’s stock worth $1,380,000 after purchasing an additional 3,151 shares during the last quarter. U S Global Investors Inc. grew its holdings in shares of General Dynamics by 3.4% in the 4th quarter. U S Global Investors Inc. now owns 15,151 shares of the aerospace company’s stock worth $2,382,000 after purchasing an additional 499 shares during the last quarter. Tompkins Financial Corp grew its holdings in shares of General Dynamics by 3.8% in the 4th quarter. Tompkins Financial Corp now owns 16,406 shares of the aerospace company’s stock worth $2,579,000 after purchasing an additional 608 shares during the last quarter. Iberiabank Corp grew its holdings in shares of General Dynamics by 6.0% in the 4th quarter. Iberiabank Corp now owns 10,339 shares of the aerospace company’s stock worth $1,625,000 after purchasing an additional 581 shares during the last quarter. Finally, Miracle Mile Advisors LLC acquired a new position in General Dynamics during the 4th quarter worth about $241,000. Institutional investors and hedge funds own 86.41% of the company’s stock.

In related news, VP Gary L. Whited sold 14,640 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $165.38, for a total transaction of $2,421,163.20. Following the completion of the sale, the vice president now directly owns 30,462 shares of the company’s stock, valued at approximately $5,037,805.56. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John Patrick Casey sold 45,470 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $172.46, for a total value of $7,841,756.20. Following the sale, the executive vice president now directly owns 148,133 shares of the company’s stock, valued at $25,547,017.18. The disclosure for this sale can be found here. Insiders sold a total of 64,690 shares of company stock worth $11,052,603 over the last quarter. 7.10% of the stock is currently owned by corporate insiders.

Shares of NYSE:GD traded down $2.91 during mid-day trading on Friday, reaching $166.94. The stock had a trading volume of 249,909 shares, compared to its average volume of 1,424,693. The company has a market capitalization of $48.45 billion, a price-to-earnings ratio of 14.62, a P/E/G ratio of 1.61 and a beta of 1.13. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.82. General Dynamics Co. has a twelve month low of $143.87 and a twelve month high of $208.88.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, April 24th. The aerospace company reported $2.56 earnings per share for the quarter, beating analysts’ consensus estimates of $2.38 by $0.18. The business had revenue of $9.26 billion for the quarter, compared to the consensus estimate of $8.90 billion. General Dynamics had a net margin of 8.68% and a return on equity of 27.62%. General Dynamics’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same period last year, the company posted $2.65 EPS. Equities research analysts expect that General Dynamics Co. will post 11.74 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 12th were given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.44%. This is an increase from General Dynamics’s previous quarterly dividend of $0.93. The ex-dividend date was Thursday, April 11th. General Dynamics’s dividend payout ratio (DPR) is currently 35.73%.

Several brokerages recently issued reports on GD. Zacks Investment Research upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and set a $188.00 price target on the stock in a research report on Thursday. UBS Group upped their price target on shares of General Dynamics from $175.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. upgraded shares of General Dynamics from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $188.00 to $200.00 in a research report on Thursday, April 25th. They noted that the move was a valuation call. Cowen restated a “buy” rating and set a $202.00 target price on shares of General Dynamics in a research report on Wednesday, April 24th. Finally, Credit Suisse Group downgraded shares of General Dynamics from an “outperform” rating to a “neutral” rating and cut their target price for the company from $190.00 to $184.00 in a research report on Friday, February 15th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. General Dynamics currently has a consensus rating of “Hold” and a consensus target price of $197.82.

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General Dynamics Company Profile

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates in five segments: Aerospace, Combat Systems, Information Technology, Mission Systems, and Marine Systems. The Aerospace segment designs, manufactures, and supports business-jet aircraft; and offers business-aviation services, including maintenance, fixed-base operation, government fleet, aircraft management, charter, and staffing services, as well as integrated aviation solutions.

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Institutional Ownership by Quarter for General Dynamics (NYSE:GD)

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