Stifel Financial Corp grew its holdings in General Dynamics Corporation (NYSE:GD) by 34.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,349 shares of the aerospace company’s stock after purchasing an additional 32,267 shares during the quarter. Stifel Financial Corp’s holdings in General Dynamics were worth $25,739,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its position in General Dynamics by 44,941.4% during the second quarter. Janus Henderson Group PLC now owns 4,998,693 shares of the aerospace company’s stock worth $990,241,000 after acquiring an additional 4,987,595 shares during the last quarter. BlackRock Inc. boosted its position in General Dynamics by 5.3% during the second quarter. BlackRock Inc. now owns 16,338,831 shares of the aerospace company’s stock worth $3,236,720,000 after acquiring an additional 829,487 shares during the last quarter. Capital Research Global Investors boosted its position in General Dynamics by 4.5% during the second quarter. Capital Research Global Investors now owns 16,792,408 shares of the aerospace company’s stock worth $3,326,576,000 after acquiring an additional 725,896 shares during the last quarter. Koch Industries Inc. purchased a new position in General Dynamics during the second quarter worth approximately $437,000. Finally, TIAA CREF Investment Management LLC raised its stake in General Dynamics by 21.1% during the second quarter. TIAA CREF Investment Management LLC now owns 2,191,063 shares of the aerospace company’s stock worth $434,050,000 after purchasing an additional 381,706 shares during the period. Institutional investors and hedge funds own 86.87% of the company’s stock.

In related news, VP Gregory S. Gallopoulos sold 78,370 shares of General Dynamics 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John Patrick Casey sold 34,945 shares of General Dynamics stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $201.38, for a total transaction of $7,037,224.10. Following the sale, the insider now directly owns 144,378 shares in the company, valued at approximately $29,074,841.64. The disclosure for this sale can be found here. Insiders own 6.70% of the company’s stock.

A number of research firms have weighed in on GD. BidaskClub raised shares of General Dynamics from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Jefferies Group reaffirmed a “buy” rating on shares of General Dynamics in a research note on Friday, August 11th. ValuEngine downgraded shares of General Dynamics from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Morgan Stanley began coverage on shares of General Dynamics in a research note on Tuesday, August 8th. They set an “underweight” rating and a $185.00 price target on the stock. Finally, Deutsche Bank reaffirmed a “hold” rating and set a $210.00 price target (up previously from $200.00) on shares of General Dynamics in a research note on Monday, October 2nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. General Dynamics presently has a consensus rating of “Hold” and a consensus price target of $218.45.

Shares of General Dynamics Corporation (NYSE:GD) traded down $0.95 during mid-day trading on Tuesday, hitting $201.69. 1,705,900 shares of the stock were exchanged, compared to its average volume of 1,150,014. General Dynamics Corporation has a fifty-two week low of $168.00 and a fifty-two week high of $214.81. 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 cap of $60,210.00, a P/E ratio of 20.12, a PEG ratio of 2.43 and a beta of 0.72.

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

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General Dynamics 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.

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

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