Virtu Financial LLC purchased a new stake in General Dynamics Corporation (NYSE:GD) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,135 shares of the aerospace company’s stock, valued at approximately $233,000.

A number of other institutional investors have also recently bought and sold shares of GD. Confluence Investment Management LLC boosted its holdings in General Dynamics by 3.2% during the second quarter. Confluence Investment Management LLC now owns 75,344 shares of the aerospace company’s stock worth $14,926,000 after buying an additional 2,306 shares during the last quarter. First Financial Bank Trust Division boosted its holdings in General Dynamics by 9.0% during the second quarter. First Financial Bank Trust Division now owns 1,942 shares of the aerospace company’s stock worth $385,000 after buying an additional 160 shares during the last quarter. Pennsylvania Trust Co boosted its holdings in General Dynamics by 111.9% during the second quarter. Pennsylvania Trust Co now owns 5,593 shares of the aerospace company’s stock worth $1,108,000 after buying an additional 2,953 shares during the last quarter. Arvest Bank Trust Division boosted its holdings in General Dynamics by 1.3% during the second quarter. Arvest Bank Trust Division now owns 135,502 shares of the aerospace company’s stock worth $26,843,000 after buying an additional 1,790 shares during the last quarter. Finally, Union Bankshares Corp boosted its holdings in General Dynamics by 1.0% during the second quarter. Union Bankshares Corp now owns 2,112 shares of the aerospace company’s stock worth $419,000 after buying an additional 20 shares during the last quarter. Institutional investors and hedge funds own 86.87% of the company’s stock.

GD has been the topic of a number of recent analyst reports. Cowen restated a “buy” rating and set a $230.00 target price on shares of General Dynamics in a report on Thursday, October 19th. Jefferies Group restated a “buy” rating and set a $236.00 target price on shares of General Dynamics in a report on Thursday, October 26th. Zacks Investment Research raised General Dynamics from a “hold” rating to a “buy” rating and set a $238.00 price target on the stock in a research report on Thursday, October 26th. ValuEngine raised General Dynamics from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Royal Bank of Canada set a $239.00 price target on General Dynamics and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $218.24.

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

Shares of General Dynamics Corporation (NYSE:GD) opened at $196.63 on Thursday. The company has a market capitalization of $58,553.60, a PE ratio of 19.47, a PEG ratio of 2.35 and a beta of 0.72. The company has a current ratio of 1.37, a quick ratio of 0.93 and a debt-to-equity ratio of 0.34. General Dynamics Corporation has a 1 year low of $171.65 and a 1 year high of $214.81.

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

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

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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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