12,743 Shares in General Dynamics Corporation (NYSE:GD) Purchased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. bought a new position in shares of General Dynamics Corporation (NYSE:GD) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,743 shares of the aerospace company’s stock, valued at approximately $2,620,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in General Dynamics Corporation by 1.9% during the second quarter. Vanguard Group Inc. now owns 20,176,505 shares of the aerospace company’s stock worth $3,996,966,000 after buying an additional 376,688 shares during the period. Capital Research Global Investors lifted its position in General Dynamics Corporation 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 buying an additional 725,896 shares during the period. BlackRock Inc. lifted its position in General Dynamics Corporation 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 buying an additional 829,487 shares during the period. Janus Henderson Group PLC lifted its position in General Dynamics Corporation 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 buying an additional 4,987,595 shares during the period. Finally, Janus Capital Management LLC lifted its position in General Dynamics Corporation by 22.1% during the first quarter. Janus Capital Management LLC now owns 4,148,390 shares of the aerospace company’s stock worth $776,563,000 after buying an additional 749,793 shares during the period. Institutional investors own 85.79% of the company’s stock.

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Several equities analysts recently weighed in on GD shares. Cowen and Company reiterated a “buy” rating and set a $210.00 target price on shares of General Dynamics Corporation in a research report on Monday, July 17th. Zacks Investment Research upgraded General Dynamics Corporation from a “hold” rating to a “buy” rating and set a $230.00 price target for the company in a research note on Monday, October 2nd. ValuEngine upgraded General Dynamics Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Jefferies Group LLC restated a “buy” rating on shares of General Dynamics Corporation in a research note on Friday, August 11th. Finally, BidaskClub upgraded General Dynamics Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $217.19.

In related news, insider John Patrick Casey sold 34,945 shares of General Dynamics Corporation stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $201.38, for a total value of $7,037,224.10. Following the transaction, the insider now directly owns 144,378 shares in the company, valued at approximately $29,074,841.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Gregory S. Gallopoulos sold 78,370 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $202.93, for a total value of $15,903,624.10. The disclosure for this sale can be found here. 6.70% of the stock is currently owned by company insiders.

Shares of General Dynamics Corporation (NYSE GD) opened at $200.13 on Tuesday. General Dynamics Corporation has a 1 year low of $164.97 and a 1 year high of $214.81. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.37 and a quick ratio of 0.93. The company has a market capitalization of $59,647.91, a P/E ratio of 19.84, a P/E/G ratio of 2.39 and a beta of 0.73.

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

General Dynamics Corporation Company 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.

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

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