General Dynamics Co. (GD) Shares Bought by Dimensional Fund Advisors LP

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.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, October 24th. The aerospace company reported $2.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.76 by $0.13. The business had revenue of $9.09 billion for the quarter, compared to analysts’ expectations of $9.41 billion. General Dynamics had a return on equity of 27.22% and a net margin of 9.01%. The business’s revenue was up 20.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.52 EPS. On average, analysts expect that General Dynamics Co. will post 11.3 earnings per share for the current fiscal year.

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.

WARNING: This piece of content was originally published by Community Financial News and is the property of of Community Financial News. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of US and international copyright law. The correct version of this piece of content can be viewed at https://www.com-unik.info/2018/12/03/general-dynamics-co-gd-shares-bought-by-dimensional-fund-advisors-lp.html.

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.

Featured Article: Investing in Dividend Stocks

Want to see what other hedge funds are holding GD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Dynamics Co. (NYSE:GD).

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

Receive News & Ratings for General Dynamics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Dynamics and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit