Los Angeles Capital Management & Equity Research Inc. Raises Holdings in General Dynamics Corporation (GD)

Los Angeles Capital Management & Equity Research Inc. boosted its position in General Dynamics Corporation (NYSE:GD) by 166.5% 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 235,454 shares of the aerospace company’s stock after buying an additional 147,097 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.08% of General Dynamics Corporation worth $48,405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of GD. BlackRock Inc. boosted its stake in General Dynamics Corporation by 2,645.5% in the first quarter. BlackRock Inc. now owns 15,509,344 shares of the aerospace company’s stock worth $2,903,351,000 after buying an additional 14,944,453 shares in the last quarter. Janus Henderson Group PLC boosted its stake in General Dynamics Corporation by 44,941.4% in the second quarter. Janus Henderson Group PLC now owns 4,998,693 shares of the aerospace company’s stock worth $990,241,000 after buying an additional 4,987,595 shares in the last quarter. Vanguard Group Inc. boosted its stake in General Dynamics Corporation by 4.7% in the first quarter. Vanguard Group Inc. now owns 19,799,817 shares of the aerospace company’s stock worth $3,706,525,000 after buying an additional 894,177 shares in the last quarter. Janus Capital Management LLC boosted its stake in General Dynamics Corporation by 22.1% in the first quarter. Janus Capital Management LLC now owns 4,148,390 shares of the aerospace company’s stock worth $776,563,000 after buying an additional 749,793 shares in the last quarter. Finally, Capital Research Global Investors boosted its stake in General Dynamics Corporation by 4.5% in the second quarter. Capital Research Global Investors now owns 16,792,408 shares of the aerospace company’s stock worth $3,326,576,000 after buying an additional 725,896 shares in the last quarter. 85.79% of the stock is owned by institutional investors and hedge funds.

In related news, insider John Patrick Casey sold 34,945 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $201.38, for a total transaction of $7,037,224.10. Following the sale, the insider now directly owns 144,378 shares of the company’s stock, valued at $29,074,841.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Gregory S. Gallopoulos sold 78,370 shares of the stock in a transaction 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 corporate insiders.

Several analysts have weighed in on GD shares. Zacks Investment Research downgraded General Dynamics Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. Citigroup Inc. reiterated a “neutral” rating and issued a $215.00 price objective (up previously from $210.00) on shares of General Dynamics Corporation in a research report on Monday, October 9th. ValuEngine downgraded General Dynamics Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Cowen and Company reiterated a “buy” rating and issued a $230.00 price objective on shares of General Dynamics Corporation in a research report on Thursday, October 19th. Finally, Stifel Nicolaus boosted their price objective on General Dynamics Corporation from $200.00 to $210.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. General Dynamics Corporation has a consensus rating of “Hold” and an average target price of $217.19.

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Shares of General Dynamics Corporation (NYSE GD) traded up $0.36 during trading on Tuesday, hitting $200.13. The company had a trading volume of 912,100 shares, compared to its average volume of 1,153,220. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.93 and a current ratio of 1.37. The company has a market capitalization of $59,880.00, a P/E ratio of 19.84, a PEG ratio of 2.39 and a beta of 0.73. General Dynamics Corporation has a one year low of $164.97 and a one year high of $214.81.

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

About General Dynamics Corporation

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.

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

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