General Dynamics Co. (NYSE:GD) Shares Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC increased its holdings in shares of General Dynamics Co. (NYSE:GD) by 55.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 155,658 shares of the aerospace company’s stock after purchasing an additional 55,240 shares during the quarter. Los Angeles Capital Management LLC’s holdings in General Dynamics were worth $47,040,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GD. Olstein Capital Management L.P. raised its stake in shares of General Dynamics by 36.4% during the third quarter. Olstein Capital Management L.P. now owns 15,000 shares of the aerospace company’s stock valued at $4,533,000 after purchasing an additional 4,000 shares during the period. CWC Advisors LLC. purchased a new stake in General Dynamics during the 3rd quarter worth $771,000. Kingsview Wealth Management LLC lifted its holdings in General Dynamics by 87.6% in the 1st quarter. Kingsview Wealth Management LLC now owns 14,690 shares of the aerospace company’s stock worth $4,150,000 after buying an additional 6,858 shares in the last quarter. Clearbridge Investments LLC purchased a new position in General Dynamics in the 1st quarter valued at about $493,000. Finally, Peak Financial Advisors LLC acquired a new stake in shares of General Dynamics during the third quarter valued at about $3,022,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Activity

In related news, Director Peter A. Wall sold 1,320 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $308.05, for a total transaction of $406,626.00. Following the completion of the sale, the director now directly owns 3,592 shares of the company’s stock, valued at $1,106,515.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.52% of the company’s stock.

Analyst Upgrades and Downgrades

GD has been the subject of a number of analyst reports. Seaport Res Ptn downgraded General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft reduced their target price on General Dynamics from $309.00 to $306.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Susquehanna lifted their price target on shares of General Dynamics from $333.00 to $352.00 and gave the stock a “positive” rating in a research note on Thursday, October 17th. Sanford C. Bernstein reduced their price objective on shares of General Dynamics from $343.00 to $331.00 and set a “market perform” rating on the stock in a research note on Thursday, October 24th. Finally, TD Cowen raised shares of General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 8th. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $323.69.

General Dynamics Stock Performance

NYSE GD traded up $3.47 on Friday, hitting $309.47. The stock had a trading volume of 855,115 shares, compared to its average volume of 1,109,699. General Dynamics Co. has a one year low of $238.31 and a one year high of $313.11. The company has a quick ratio of 0.80, a current ratio of 1.32 and a debt-to-equity ratio of 0.32. The stock has a market cap of $85.09 billion, a price-to-earnings ratio of 23.57, a P/E/G ratio of 1.87 and a beta of 0.61. The company’s 50-day moving average is $301.62 and its two-hundred day moving average is $295.60.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.48 by ($0.13). The company had revenue of $11.67 billion during the quarter, compared to the consensus estimate of $11.65 billion. General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The company’s revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business earned $3.04 earnings per share. On average, analysts expect that General Dynamics Co. will post 13.97 earnings per share for the current year.

About General Dynamics

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.