Sanders Capital LLC Increases Holdings in General Dynamics Co. (NYSE:GD)

Sanders Capital LLC boosted its holdings in shares of General Dynamics Co. (NYSE:GD) by 1.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,178,460 shares of the aerospace company’s stock after buying an additional 49,397 shares during the quarter. General Dynamics makes up about 1.8% of Sanders Capital LLC’s investment portfolio, making the stock its 17th largest holding. Sanders Capital LLC’s holdings in General Dynamics were worth $1,262,731,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of GD. International Assets Investment Management LLC lifted its position in shares of General Dynamics by 40,389.3% in the third quarter. International Assets Investment Management LLC now owns 1,379,472 shares of the aerospace company’s stock valued at $416,876,000 after acquiring an additional 1,376,065 shares in the last quarter. 1832 Asset Management L.P. lifted its position in shares of General Dynamics by 2,189.3% during the second quarter. 1832 Asset Management L.P. now owns 374,207 shares of the aerospace company’s stock worth $108,572,000 after purchasing an additional 357,861 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of General Dynamics by 4.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,639,758 shares of the aerospace company’s stock valued at $2,216,599,000 after acquiring an additional 293,316 shares in the last quarter. Hsbc Holdings PLC lifted its stake in General Dynamics by 24.2% in the second quarter. Hsbc Holdings PLC now owns 1,347,247 shares of the aerospace company’s stock worth $391,119,000 after acquiring an additional 262,164 shares during the period. Finally, Westwood Holdings Group Inc. lifted its stake in shares of General Dynamics by 174.8% during the 2nd quarter. Westwood Holdings Group Inc. now owns 384,151 shares of the aerospace company’s stock worth $111,458,000 after purchasing an additional 244,373 shares during the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at General Dynamics

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $308.05, for a total value of $406,626.00. Following the completion of the transaction, the director now directly owns 3,592 shares of the company’s stock, valued at approximately $1,106,515.60. This trade represents a 26.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on GD shares. Citigroup raised their price target on General Dynamics from $331.00 to $354.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Barclays raised their price target on shares of General Dynamics from $325.00 to $330.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Morgan Stanley upgraded General Dynamics from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $293.00 to $345.00 in a report on Friday, August 9th. Susquehanna raised their target price on General Dynamics from $333.00 to $352.00 and gave the stock a “positive” rating in a research note on Thursday, October 17th. Finally, Seaport Res Ptn cut shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, General Dynamics has a consensus rating of “Moderate Buy” and a consensus price target of $323.69.

General Dynamics Trading Down 0.4 %

GD opened at $280.21 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 1.32 and a debt-to-equity ratio of 0.32. The firm has a market cap of $77.05 billion, a price-to-earnings ratio of 21.42, a price-to-earnings-growth ratio of 1.70 and a beta of 0.61. General Dynamics Co. has a 52 week low of $243.87 and a 52 week high of $316.90. The business’s 50 day moving average is $299.91 and its two-hundred day moving average is $295.92.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The firm had revenue of $11.67 billion during the quarter, compared to analyst estimates of $11.65 billion. During the same quarter in the previous year, the business earned $3.04 EPS. General Dynamics’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, research analysts predict that General Dynamics Co. will post 13.98 EPS for the current year.

General Dynamics Company Profile

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.