Great West Life Assurance Co. Can boosted its stake in General Dynamics Corporation (NYSE:GD) by 3.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 375,295 shares of the aerospace company’s stock after buying an additional 12,379 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.13% of General Dynamics worth $76,843,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. ETRADE Capital Management LLC raised its holdings in General Dynamics by 38.0% in the 3rd quarter. ETRADE Capital Management LLC now owns 2,337 shares of the aerospace company’s stock worth $481,000 after acquiring an additional 643 shares during the period. Torray LLC raised its holdings in General Dynamics by 3.4% in the 3rd quarter. Torray LLC now owns 50,171 shares of the aerospace company’s stock worth $10,314,000 after acquiring an additional 1,633 shares during the period. TD Asset Management Inc. raised its holdings in General Dynamics by 1.6% in the 3rd quarter. TD Asset Management Inc. now owns 398,043 shares of the aerospace company’s stock worth $81,829,000 after acquiring an additional 6,099 shares during the period. Teachers Retirement System of The State of Kentucky raised its holdings in General Dynamics by 3.1% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 56,839 shares of the aerospace company’s stock worth $11,685,000 after acquiring an additional 1,724 shares during the period. Finally, Morningstar Investment Services LLC raised its holdings in General Dynamics by 11.2% in the 3rd quarter. Morningstar Investment Services LLC now owns 200,842 shares of the aerospace company’s stock worth $41,289,000 after acquiring an additional 20,162 shares during the period. Institutional investors own 85.22% of the company’s stock.

Several analysts have issued reports on GD shares. Cowen Inc restated a “buy” rating and issued a $230.00 price target on shares of General Dynamics in a research report on Thursday, October 19th. BidaskClub lowered shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Zacks Investment Research upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and set a $230.00 target price on the stock in a research report on Monday, October 2nd. ValuEngine upgraded shares of General Dynamics from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Jefferies Group LLC reiterated a “buy” rating on shares of General Dynamics in a research report on Friday, August 11th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $218.45.

In other General Dynamics news, insider John Patrick Casey sold 34,945 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $201.38, for a total value of $7,037,224.10. Following the transaction, the insider now directly owns 144,378 shares in the company, valued at $29,074,841.64. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Gregory S. Gallopoulos sold 78,370 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $202.93, for a total transaction of $15,903,624.10. The disclosure for this sale can be found here. 6.70% of the stock is owned by insiders.

Shares of General Dynamics Corporation (NYSE GD) traded down $0.04 during trading on Monday, hitting $200.00. 411,400 shares of the stock traded hands, compared to its average volume of 1,145,872. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.93 and a current ratio of 1.37. General Dynamics Corporation has a 1-year low of $168.00 and a 1-year high of $214.81. The firm has a market cap of $59,716.60, a price-to-earnings ratio of 19.86, a P/E/G ratio of 2.40 and a beta of 0.73.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $2.52 EPS for the quarter, beating the Zacks’ consensus estimate of $2.43 by $0.09. The firm had revenue of $7.58 billion for the quarter, compared to analyst estimates of $7.94 billion. General Dynamics had a net margin of 9.94% and a return on equity of 27.98%. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.36 earnings per share. sell-side analysts predict that General Dynamics Corporation will post 9.81 earnings per share for the current year.

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General Dynamics Company Profile

General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.

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

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