Capital Planning Advisors LLC increased its holdings in General Dynamics Corporation (NYSE:GD) by 279.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,302 shares of the aerospace company’s stock after buying an additional 5,377 shares during the period. Capital Planning Advisors LLC’s holdings in General Dynamics Corporation were worth $1,501,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its position in General Dynamics Corporation by 1.9% during the second quarter. Vanguard Group Inc. now owns 20,176,505 shares of the aerospace company’s stock valued at $3,996,966,000 after purchasing an additional 376,688 shares in the last quarter. Capital Research Global Investors raised its position in General Dynamics Corporation 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 purchasing an additional 725,896 shares in the last quarter. BlackRock Inc. raised its position in General Dynamics Corporation by 5.3% during the second quarter. BlackRock Inc. now owns 16,338,831 shares of the aerospace company’s stock valued at $3,236,720,000 after purchasing an additional 829,487 shares in the last quarter. Janus Henderson Group PLC raised its position in General Dynamics Corporation 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 purchasing an additional 4,987,595 shares in the last quarter. Finally, Janus Capital Management LLC raised its position in General Dynamics Corporation 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 purchasing an additional 749,793 shares in the last quarter. Institutional investors own 85.22% of the company’s stock.

General Dynamics Corporation (NYSE GD) traded down $0.06 during midday trading on Thursday, hitting $200.04. The company had a trading volume of 921,800 shares, compared to its average volume of 1,149,122. The company has a quick ratio of 0.93, a current ratio of 1.37 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $59,746.45, a PE ratio of 19.87, a PEG ratio of 2.40 and a beta of 0.73. General Dynamics Corporation has a 12 month low of $168.00 and a 12 month high of $214.81.

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

In other General Dynamics Corporation news, insider John Patrick Casey sold 34,945 shares of General Dynamics Corporation stock in a transaction that occurred 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 approximately $29,074,841.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Gregory S. Gallopoulos sold 78,370 shares of General Dynamics Corporation 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 owned by company insiders.

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A number of equities research analysts have weighed in on the company. BidaskClub upgraded General Dynamics Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Jefferies Group LLC restated a “buy” rating on shares of General Dynamics Corporation in a research report on Friday, August 11th. ValuEngine downgraded General Dynamics Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Morgan Stanley started coverage on General Dynamics Corporation in a report on Tuesday, August 8th. They issued an “underweight” rating and a $185.00 price objective on the stock. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $210.00 price objective (up previously from $200.00) on shares of General Dynamics Corporation in a report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $218.45.

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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