General Dynamics Corp. (GD) Shares Bought by Sei Investments Co.
Sei Investments Co. raised its position in General Dynamics Corp. (NYSE:GD) by 21.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 160,532 shares of the company’s stock after buying an additional 28,014 shares during the period. Sei Investments Co. owned 0.05% of General Dynamics Corp. worth $24,909,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. FMR LLC boosted its position in General Dynamics Corp. by 19.1% in the second quarter. FMR LLC now owns 7,944,339 shares of the company’s stock worth $1,106,170,000 after buying an additional 1,274,336 shares during the last quarter. Wells Fargo & Company MN boosted its position in General Dynamics Corp. by 27.6% in the third quarter. Wells Fargo & Company MN now owns 7,270,811 shares of the company’s stock worth $1,128,140,000 after buying an additional 1,573,092 shares during the last quarter. Boston Partners boosted its position in General Dynamics Corp. by 34.3% in the second quarter. Boston Partners now owns 4,303,966 shares of the company’s stock worth $599,284,000 after buying an additional 1,099,224 shares during the last quarter. BlackRock Fund Advisors boosted its position in General Dynamics Corp. by 2.9% in the second quarter. BlackRock Fund Advisors now owns 3,597,102 shares of the company’s stock worth $500,860,000 after buying an additional 100,932 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in General Dynamics Corp. by 2.6% in the second quarter. Franklin Resources Inc. now owns 3,551,185 shares of the company’s stock worth $494,467,000 after buying an additional 89,583 shares during the last quarter. Institutional investors and hedge funds own 87.01% of the company’s stock.
Shares of General Dynamics Corp. (NYSE:GD) traded up 0.35% on Wednesday, reaching $175.75. 389,571 shares of the company’s stock traded hands. The firm has a market cap of $53.42 billion, a P/E ratio of 18.81 and a beta of 0.69. The company’s 50-day moving average price is $157.43 and its 200 day moving average price is $149.31. General Dynamics Corp. has a one year low of $121.61 and a one year high of $175.80.
General Dynamics Corp. (NYSE:GD) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $2.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.38 by $0.10. The firm earned $7.73 billion during the quarter, compared to analyst estimates of $7.91 billion. General Dynamics Corp. had a net margin of 9.45% and a return on equity of 27.68%. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter last year, the business posted $2.28 EPS. On average, equities analysts forecast that General Dynamics Corp. will post $9.77 EPS for the current fiscal year.
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A number of equities analysts recently commented on GD shares. Zacks Investment Research cut General Dynamics Corp. from a “buy” rating to a “hold” rating in a report on Monday, October 17th. Vetr cut General Dynamics Corp. from a “strong-buy” rating to a “buy” rating and set a $168.30 price target for the company. in a report on Monday, October 24th. Robert W. Baird started coverage on General Dynamics Corp. in a report on Thursday, October 6th. They set an “outperform” rating and a $181.00 price target for the company. Deutsche Bank AG reiterated a “hold” rating on shares of General Dynamics Corp. in a report on Tuesday, October 18th. Finally, Citigroup Inc. lifted their price target on General Dynamics Corp. from $162.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, September 6th. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $161.37.
In other General Dynamics Corp. news, insider Robert W. Helm sold 87,790 shares of the stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $150.91, for a total value of $13,248,388.90. Following the completion of the sale, the insider now owns 157,176 shares in the company, valued at approximately $23,719,430.16. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Robert W. Helm sold 149,910 shares of the stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $152.43, for a total transaction of $22,850,781.30. Following the completion of the sale, the insider now owns 108,119 shares of the company’s stock, valued at approximately $16,480,579.17. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by company insiders.
General Dynamics Corp. Company Profile
General Dynamics Corporation is an aerospace and defense company that offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions and information technology (IT) services, and shipbuilding.
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