Aperio Group LLC Buys 5,621 Shares of General Dynamics Corporation (GD)

Aperio Group LLC increased its stake in shares of General Dynamics Corporation (NYSE:GD) by 3.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 192,289 shares of the aerospace company’s stock after acquiring an additional 5,621 shares during the quarter. Aperio Group LLC owned approximately 0.06% of General Dynamics Corporation worth $39,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. BlackRock Inc. grew its position in shares of General Dynamics Corporation by 2,645.5% in the 1st quarter. BlackRock Inc. now owns 15,509,344 shares of the aerospace company’s stock worth $2,903,351,000 after buying an additional 14,944,453 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of General Dynamics Corporation by 44,941.4% in 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 last quarter. Vanguard Group Inc. grew its position in shares of General Dynamics Corporation by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 19,799,817 shares of the aerospace company’s stock worth $3,706,525,000 after buying an additional 894,177 shares during the last quarter. Janus Capital Management LLC grew its position in shares of General Dynamics Corporation by 22.1% in the 1st quarter. Janus Capital Management LLC now owns 4,148,390 shares of the aerospace company’s stock worth $776,563,000 after buying an additional 749,793 shares during the last quarter. Finally, Capital Research Global Investors grew its position in shares of General Dynamics Corporation by 4.5% in 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 last quarter. Institutional investors and hedge funds own 86.32% of the company’s stock.

In related news, insider John Patrick Casey sold 34,945 shares of General Dynamics Corporation stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $201.38, for a total value of $7,037,224.10. Following the completion of the sale, the insider now owns 144,378 shares of the company’s stock, valued at $29,074,841.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Gregory S. Gallopoulos sold 78,370 shares of General Dynamics Corporation stock in a transaction on Monday, November 6th. The stock was 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 currently owned by company insiders.

A number of research analysts have recently commented on GD shares. Zacks Investment Research upgraded General Dynamics Corporation from a “hold” rating to a “buy” rating and set a $230.00 target price for the company in a research note on Monday, October 2nd. ValuEngine upgraded General Dynamics Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Jefferies Group LLC restated a “buy” rating on shares of General Dynamics Corporation in a research note on Friday, August 11th. Cowen and Company restated a “buy” rating and issued a $210.00 target price on shares of General Dynamics Corporation in a research note on Monday, July 17th. Finally, BidaskClub cut General Dynamics Corporation from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $217.19.

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Shares of General Dynamics Corporation (GD) opened at $199.77 on Friday. The company has a market capitalization of $59,379.18, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 2.38 and a beta of 0.73. General Dynamics Corporation has a fifty-two week low of $164.09 and a fifty-two week high of $214.81. 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 (NYSE:GD) last posted its earnings results on Wednesday, October 25th. The aerospace company reported $2.52 EPS for the quarter, topping the Zacks’ consensus estimate of $2.43 by $0.09. The business had revenue of $7.58 billion during the quarter, compared to analyst estimates of $7.94 billion. General Dynamics Corporation had a return on equity of 27.98% and a net margin of 9.94%. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.36 EPS. sell-side analysts expect that General Dynamics Corporation will post 9.81 earnings per share for the current year.

General Dynamics Corporation 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.

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

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