ClariVest Asset Management LLC decreased its position in shares of General Dynamics Co. (NYSE:GD) by 4.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 141,472 shares of the aerospace company’s stock after selling 6,064 shares during the period. ClariVest Asset Management LLC’s holdings in General Dynamics were worth $29,085,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of GD. BlackRock Inc. lifted its position in General Dynamics by 2,645.5% during the first quarter. BlackRock Inc. now owns 15,509,344 shares of the aerospace company’s stock valued at $2,903,351,000 after acquiring an additional 14,944,453 shares during the last quarter. Janus Henderson Group PLC lifted its position in General Dynamics by 44,941.4% during 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 acquiring an additional 4,987,595 shares during the last quarter. Vanguard Group Inc. lifted its position in General Dynamics by 4.7% during the first quarter. Vanguard Group Inc. now owns 19,799,817 shares of the aerospace company’s stock valued at $3,706,525,000 after acquiring an additional 894,177 shares during the last quarter. Janus Capital Management LLC lifted its position in General Dynamics by 22.1% during the first quarter. Janus Capital Management LLC now owns 4,148,390 shares of the aerospace company’s stock valued at $776,563,000 after acquiring an additional 749,793 shares during the last quarter. Finally, Capital Research Global Investors lifted its position in General Dynamics by 4.5% during 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 acquiring an additional 725,896 shares during the last quarter. 85.79% of the stock is owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “ClariVest Asset Management LLC Has $29.09 Million Position in General Dynamics Co. (GD)” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another domain, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The legal version of this story can be accessed at https://www.thecerbatgem.com/2017/11/16/clarivest-asset-management-llc-has-29-09-million-position-in-general-dynamics-co-gd.html.

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

General Dynamics Co. (NYSE:GD) traded down $1.23 during trading hours on Thursday, hitting $198.99. 1,069,000 shares of the stock were exchanged, compared to its average volume of 1,151,302. The firm has a market capitalization of $59,590.00, a price-to-earnings ratio of 19.88, a P/E/G ratio of 2.40 and a beta of 0.73. General Dynamics Co. has a 1 year low of $164.97 and a 1 year high of $214.81. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.37 and a quick ratio of 0.93.

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

A number of research firms recently commented on GD. Cowen and Company reissued a “buy” rating and set a $230.00 target price on shares of General Dynamics in a research report on Thursday, October 26th. Morgan Stanley began coverage on shares of General Dynamics in a research report on Tuesday, August 8th. They set an “underweight” rating and a $185.00 target price for the company. BidaskClub raised shares of General Dynamics from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. ValuEngine cut shares of General Dynamics from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, Credit Suisse Group reissued an “outperform” rating and set a $238.00 target price (up previously from $216.00) on shares of General Dynamics in a research report on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. General Dynamics has a consensus rating of “Hold” and an average target price of $218.45.

General Dynamics Company 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.

Want to see what other hedge funds are holding GD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Dynamics Co. (NYSE:GD).

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

Receive News & Stock Ratings for General Dynamics Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Dynamics Co. and related stocks with our FREE daily email newsletter.