Royce & Associates LP raised its position in shares of General Dynamics Corporation (NYSE:GD) by 1.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,750 shares of the aerospace company’s stock after buying an additional 250 shares during the period. Royce & Associates LP’s holdings in General Dynamics were worth $5,088,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Quadrant Capital Group LLC raised its stake in General Dynamics by 6.1% in the second quarter. Quadrant Capital Group LLC now owns 645 shares of the aerospace company’s stock valued at $110,000 after buying an additional 37 shares in the last quarter. Vantage Investment Advisors LLC grew its holdings in shares of General Dynamics by 9.3% during the second quarter. Vantage Investment Advisors LLC now owns 585 shares of the aerospace company’s stock worth $116,000 after buying an additional 50 shares during the last quarter. Captrust Financial Advisors purchased a new position in shares of General Dynamics during the second quarter worth about $129,000. WFG Advisors LP grew its holdings in shares of General Dynamics by 0.3% during the second quarter. WFG Advisors LP now owns 668 shares of the aerospace company’s stock worth $132,000 after buying an additional 2 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. grew its holdings in shares of General Dynamics by 65.3% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 780 shares of the aerospace company’s stock worth $155,000 after buying an additional 308 shares during the last quarter. Institutional investors and hedge funds own 86.87% of the company’s stock.

In other news, insider John Patrick Casey sold 34,945 shares of the business’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 completion of the sale, the insider now directly owns 144,378 shares of the company’s stock, valued at approximately $29,074,841.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 disclosure for this sale can be found here. Insiders own 6.70% of the company’s stock.

A number of brokerages have weighed in on GD. ValuEngine raised General Dynamics from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised General Dynamics from a “hold” rating to a “buy” rating and set a $230.00 price objective on the stock in a report on Monday, October 2nd. Deutsche Bank reiterated a “hold” rating and set a $210.00 price target (up from $200.00) on shares of General Dynamics in a research report on Monday, October 2nd. Citigroup reiterated a “neutral” rating and set a $215.00 price target (up from $210.00) on shares of General Dynamics in a research report on Monday, October 9th. Finally, Cowen reiterated a “buy” rating and set a $230.00 price target on shares of General Dynamics in a research report on Thursday, October 19th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. General Dynamics has a consensus rating of “Hold” and an average price target of $218.24.

General Dynamics Corporation (GD) opened at $198.84 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.93 and a current ratio of 1.37. The stock has a market capitalization of $59,377.41, a P/E ratio of 19.75, a P/E/G ratio of 2.38 and a beta of 0.72. General Dynamics Corporation has a 12-month low of $171.65 and a 12-month high of $214.81.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 19th will be issued a $0.84 dividend. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $3.36 annualized dividend and a yield of 1.69%. General Dynamics’s dividend payout ratio (DPR) is presently 33.50%.

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About General Dynamics

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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