Dimensional Fund Advisors LP boosted its holdings in shares of General Dynamics Co. (NYSE:GD) by 0.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 767,013 shares of the aerospace company’s stock after buying an additional 1,292 shares during the period. Dimensional Fund Advisors LP’s holdings in General Dynamics were worth $157,023,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. CSat Investment Advisory L.P. purchased a new stake in General Dynamics during the second quarter valued at about $101,000. Zions Bancorporation purchased a new stake in General Dynamics during the third quarter valued at about $109,000. Fort L.P. purchased a new stake in General Dynamics during the second quarter valued at about $117,000. Ruggie Capital Group purchased a new stake in General Dynamics during the second quarter valued at about $122,000. Finally, Ffcm LLC raised its position in General Dynamics by 504.1% during the third quarter. Ffcm LLC now owns 53,032 shares of the aerospace company’s stock valued at $126,000 after purchasing an additional 44,253 shares in the last quarter. 86.38% of the stock is owned by institutional investors.
Shares of NYSE:GD opened at $184.89 on Monday. General Dynamics Co. has a 1 year low of $164.76 and a 1 year high of $230.00. The stock has a market cap of $54.76 billion, a P/E ratio of 18.58, a price-to-earnings-growth ratio of 1.51 and a beta of 0.98. The company has a current ratio of 1.27, a quick ratio of 0.87 and a debt-to-equity ratio of 0.89.
In other news, Director Mark Malcolm acquired 3,000 shares of the business’s stock in a transaction on Friday, October 26th. The shares were acquired at an average cost of $169.87 per share, with a total value of $509,610.00. Following the transaction, the director now owns 4,455 shares in the company, valued at approximately $756,770.85. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, insider S. Daniel Johnson sold 77,810 shares of General Dynamics stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $199.85, for a total value of $15,550,328.50. Following the sale, the insider now directly owns 99,333 shares in the company, valued at $19,851,700.05. The disclosure for this sale can be found here. Insiders own 6.90% of the company’s stock.
A number of equities research analysts have weighed in on GD shares. Argus lowered their price target on General Dynamics from $250.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, October 26th. Robert W. Baird lowered their price target on General Dynamics from $243.00 to $222.00 and set an “outperform” rating on the stock in a research report on Thursday, October 25th. Morgan Stanley lowered their price target on General Dynamics from $209.00 to $189.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 14th. Zacks Investment Research downgraded General Dynamics from a “hold” rating to a “sell” rating in a research report on Wednesday, October 10th. Finally, Wells Fargo & Co decreased their price objective on General Dynamics from $250.00 to $210.00 and set an “outperform” rating on the stock in a report on Thursday, October 25th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $230.00.
General Dynamics Profile
General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four business groups: Aerospace; Combat Systems; Information Systems and Technology; and Marine Systems. The Aerospace group designs, develops, manufactures, service and supports business-jet aircraft; and provides aircraft services, such as maintenance, aircraft management, charter, fixed-base operational, and staffing services.
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