Janney Montgomery Scott LLC boosted its position in General Dynamics Corporation (NYSE:GD) by 45.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,605 shares of the aerospace company’s stock after buying an additional 18,843 shares during the quarter. Janney Montgomery Scott LLC’s holdings in General Dynamics were worth $12,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Janus Henderson Group PLC lifted its position in General Dynamics by 44,941.4% in the second quarter. Janus Henderson Group PLC now owns 4,998,693 shares of the aerospace company’s stock valued at $990,241,000 after purchasing an additional 4,987,595 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in General Dynamics by 2,097.3% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,711,597 shares of the aerospace company’s stock valued at $353,351,000 after purchasing an additional 1,633,700 shares during the last quarter. BlackRock Inc. lifted its position in General Dynamics by 5.3% in the second quarter. BlackRock Inc. now owns 16,338,831 shares of the aerospace company’s stock valued at $3,236,720,000 after purchasing an additional 829,487 shares during the last quarter. Capital Research Global Investors lifted its position in General Dynamics by 4.5% in the second quarter. Capital Research Global Investors now owns 16,792,408 shares of the aerospace company’s stock valued at $3,326,576,000 after purchasing an additional 725,896 shares during the last quarter. Finally, Koch Industries Inc. bought a new stake in General Dynamics in the second quarter valued at approximately $437,000. 86.87% of the stock is owned by institutional investors and hedge funds.

Shares of General Dynamics Corporation (NYSE:GD) traded down $3.46 during mid-day trading on Wednesday, reaching $196.18. The company had a trading volume of 1,960,900 shares, compared to its average volume of 1,152,645. The stock has a market capitalization of $59,609.09, a PE ratio of 19.83, a price-to-earnings-growth ratio of 2.39 and a beta of 0.72. General Dynamics Corporation has a 12 month low of $171.65 and a 12 month high of $214.81. 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 (NYSE:GD) last released its earnings results on Wednesday, October 25th. The aerospace company reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.09. General Dynamics had a return on equity of 27.98% and a net margin of 9.94%. The firm had revenue of $7.58 billion for the quarter, compared to analysts’ expectations of $7.94 billion. During the same period in the prior year, the firm posted $2.36 earnings per share. The company’s quarterly revenue was down 1.0% on a year-over-year basis. equities research analysts predict that General Dynamics Corporation will post 9.81 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, January 19th will be paid a $0.84 dividend. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.71%. General Dynamics’s dividend payout ratio is currently 33.50%.

In related news, VP Gregory S. Gallopoulos sold 78,370 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $202.93, for a total transaction of $15,903,624.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider John Patrick Casey sold 34,945 shares of the stock in a transaction on 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 sale, the insider now directly owns 144,378 shares in the company, valued at $29,074,841.64. The disclosure for this sale can be found here. Corporate insiders own 6.70% of the company’s stock.

Several brokerages have weighed in on GD. ValuEngine downgraded General Dynamics from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Deutsche Bank restated a “hold” rating and set a $210.00 target price (up previously from $200.00) on shares of General Dynamics in a report on Monday, October 2nd. J P Morgan Chase & Co downgraded General Dynamics from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $225.00 to $215.00 in a report on Tuesday. Zacks Investment Research upgraded General Dynamics from a “hold” rating to a “buy” rating and set a $238.00 target price for the company in a report on Thursday, October 26th. Finally, Cowen restated a “buy” rating and set a $230.00 target price on shares of General Dynamics in a report on Thursday, October 19th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $218.24.

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General Dynamics 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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