Oakbrook Investments LLC grew its position in General Dynamics Co. (NYSE:GD) by 1.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,303 shares of the aerospace company’s stock after purchasing an additional 350 shares during the period. Oakbrook Investments LLC’s holdings in General Dynamics were worth $4,361,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Adirondack Trust Co. raised its holdings in General Dynamics by 20.0% during the second quarter. Adirondack Trust Co. now owns 1,600 shares of the aerospace company’s stock worth $298,000 after acquiring an additional 267 shares in the last quarter. Pittenger & Anderson Inc. raised its holdings in General Dynamics by 1.0% during the third quarter. Pittenger & Anderson Inc. now owns 26,283 shares of the aerospace company’s stock worth $5,381,000 after acquiring an additional 267 shares in the last quarter. Bigelow Investment Advisors LLC raised its holdings in General Dynamics by 6.0% during the second quarter. Bigelow Investment Advisors LLC now owns 4,751 shares of the aerospace company’s stock worth $886,000 after acquiring an additional 268 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in General Dynamics by 1.0% during the second quarter. Oppenheimer & Co. Inc. now owns 27,116 shares of the aerospace company’s stock worth $5,054,000 after acquiring an additional 275 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its holdings in General Dynamics by 0.8% during the second quarter. Mutual of America Capital Management LLC now owns 35,170 shares of the aerospace company’s stock worth $6,556,000 after acquiring an additional 277 shares in the last quarter. Institutional investors own 85.41% of the company’s stock.

In other news, insider S. Daniel Johnson sold 77,810 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $199.85, for a total value of $15,550,328.50. Following the transaction, the insider now owns 99,333 shares of the company’s stock, valued at $19,851,700.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Patrick Casey sold 22,500 shares of the company’s stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $193.28, for a total value of $4,348,800.00. Following the completion of the transaction, the insider now directly owns 118,555 shares in the company, valued at approximately $22,914,310.40. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by corporate insiders.

NYSE:GD traded down $1.58 on Thursday, hitting $192.26. The company’s stock had a trading volume of 9,906 shares, compared to its average volume of 1,500,357. The company has a quick ratio of 0.84, a current ratio of 1.20 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $60.81 billion, a price-to-earnings ratio of 19.28, a P/E/G ratio of 1.64 and a beta of 0.77. General Dynamics Co. has a one year low of $184.21 and a one year high of $230.00.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, July 25th. The aerospace company reported $2.82 EPS for the quarter, beating the consensus estimate of $2.49 by $0.33. General Dynamics had a return on equity of 27.06% and a net margin of 9.16%. The company had revenue of $9.19 billion for the quarter, compared to the consensus estimate of $9.09 billion. During the same quarter in the prior year, the business earned $2.45 earnings per share. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. Equities research analysts expect that General Dynamics Co. will post 11.22 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Stockholders of record on Friday, October 5th will be given a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Thursday, October 4th. General Dynamics’s payout ratio is 37.39%.

GD has been the topic of several analyst reports. Morgan Stanley dropped their target price on General Dynamics from $215.00 to $207.00 and set an “underweight” rating on the stock in a report on Friday, June 22nd. Zacks Investment Research lowered General Dynamics from a “hold” rating to a “sell” rating in a research note on Tuesday, June 26th. Credit Suisse Group upped their price objective on General Dynamics from $224.00 to $229.00 and gave the company an “outperform” rating in a research note on Thursday, July 26th. ValuEngine upgraded General Dynamics from a “sell” rating to a “hold” rating in a research note on Saturday, July 28th. Finally, Bank of America set a $275.00 price objective on General Dynamics and gave the company a “buy” rating in a research note on Tuesday, July 31st. Three investment 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 stock presently has a consensus rating of “Hold” and an average price target of $241.12.

About General Dynamics

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

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