GAMMA Investing LLC Raises Stock Holdings in General Dynamics Co. (NYSE:GD)

GAMMA Investing LLC increased its holdings in General Dynamics Co. (NYSE:GD - Free Report) by 34,578.2% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 1,244,600 shares of the aerospace company's stock after buying an additional 1,241,011 shares during the quarter. GAMMA Investing LLC owned about 0.46% of General Dynamics worth $339,253,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of General Dynamics by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 23,780,078 shares of the aerospace company's stock valued at $6,265,813,000 after purchasing an additional 706,317 shares during the period. Capital Research Global Investors grew its stake in shares of General Dynamics by 7.4% during the 4th quarter. Capital Research Global Investors now owns 6,734,148 shares of the aerospace company's stock valued at $1,774,381,000 after purchasing an additional 463,497 shares during the period. Geode Capital Management LLC grew its stake in shares of General Dynamics by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 5,688,672 shares of the aerospace company's stock valued at $1,496,939,000 after purchasing an additional 131,268 shares during the period. Sanders Capital LLC grew its stake in shares of General Dynamics by 0.8% during the 4th quarter. Sanders Capital LLC now owns 4,212,422 shares of the aerospace company's stock valued at $1,109,931,000 after purchasing an additional 33,962 shares during the period. Finally, Royal Bank of Canada grew its stake in shares of General Dynamics by 5.2% during the 4th quarter. Royal Bank of Canada now owns 2,935,046 shares of the aerospace company's stock valued at $773,355,000 after purchasing an additional 145,978 shares during the period. 86.14% of the stock is currently owned by institutional investors.

General Dynamics Stock Performance

NYSE GD traded up $0.74 during trading hours on Wednesday, hitting $276.78. The company had a trading volume of 212,670 shares, compared to its average volume of 1,375,917. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.37. General Dynamics Co. has a 1-year low of $239.20 and a 1-year high of $316.90. The company has a market cap of $74.29 billion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 1.69 and a beta of 0.49. The business has a 50 day moving average of $272.49 and a 200-day moving average of $266.77.

General Dynamics (NYSE:GD - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.23. The company had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.92 billion. General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. The company's revenue was up 13.9% on a year-over-year basis. During the same period last year, the business posted $2.88 EPS. As a group, equities research analysts expect that General Dynamics Co. will post 14.83 EPS for the current year.

Insider Buying and Selling at General Dynamics

In other news, SVP Marguerite Amy Gilliland sold 27,562 shares of General Dynamics stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $272.11, for a total transaction of $7,499,895.82. Following the completion of the sale, the senior vice president now directly owns 45,192 shares in the company, valued at $12,297,195.12. The trade was a 37.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GD. William Blair downgraded General Dynamics from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. BTIG Research cut General Dynamics from a "buy" rating to a "neutral" rating in a report on Thursday, February 13th. Wells Fargo & Company cut their target price on shares of General Dynamics from $261.00 to $236.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Morgan Stanley reduced their target price on shares of General Dynamics from $305.00 to $300.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Finally, TD Securities upped their price objective on General Dynamics from $275.00 to $290.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, General Dynamics has a consensus rating of "Hold" and an average price target of $293.00.

General Dynamics 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.