Capital International Inc. CA acquired a new stake in General Dynamics Corporation (NYSE:GD) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,400 shares of the aerospace company’s stock, valued at approximately $699,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of General Dynamics by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 20,176,505 shares of the aerospace company’s stock worth $3,996,966,000 after buying an additional 376,688 shares during the period. Capital Research Global Investors grew its position in shares of General Dynamics by 4.5% during the 2nd 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 during the period. BlackRock Inc. grew its position in shares of General Dynamics by 5.3% during the 2nd quarter. BlackRock Inc. now owns 16,338,831 shares of the aerospace company’s stock worth $3,236,720,000 after buying an additional 829,487 shares during the period. Janus Henderson Group PLC grew its position in shares of General Dynamics by 44,941.4% during the 2nd 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 during the period. Finally, Franklin Resources Inc. grew its position in shares of General Dynamics by 1.9% during the 2nd quarter. Franklin Resources Inc. now owns 3,786,244 shares of the aerospace company’s stock worth $750,055,000 after buying an additional 71,287 shares during the period. Hedge funds and other institutional investors own 86.87% of the company’s stock.

GD has been the topic of several recent analyst reports. Citigroup reissued a “neutral” rating and set a $210.00 price objective (up previously from $207.00) on shares of General Dynamics in a research note on Friday, August 11th. Jefferies Group reissued a “buy” rating on shares of General Dynamics in a research note on Friday, August 11th. ValuEngine raised shares of General Dynamics from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research raised shares of General Dynamics from a “hold” rating to a “buy” rating and set a $230.00 price objective on the stock in a research note on Monday, October 2nd. Finally, Deutsche Bank reissued a “hold” rating and set a $210.00 price objective (up previously from $200.00) on shares of General Dynamics in a research note on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $218.45.

In related news, VP Gregory S. Gallopoulos sold 78,370 shares of the business’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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider John Patrick Casey sold 34,945 shares of the business’s 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 transaction, the insider now owns 144,378 shares in the company, valued at $29,074,841.64. The disclosure for this sale can be found here. Insiders own 6.70% of the company’s stock.

General Dynamics Corporation (GD) opened at $201.07 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.37 and a debt-to-equity ratio of 0.34. General Dynamics Corporation has a one year low of $168.00 and a one year high of $214.81. The firm has a market cap of $59,767.34, a P/E ratio of 19.88, a price-to-earnings-growth ratio of 2.40 and a beta of 0.72.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $2.52 earnings per share for the quarter, beating 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 revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.36 earnings per share. equities research analysts expect that General Dynamics Corporation will post 9.81 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, January 19th will be given a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date is Thursday, January 18th. General Dynamics’s dividend payout ratio is presently 33.50%.

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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.

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

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