General Dynamics Co. (NYSE:GD) Position Raised by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of General Dynamics Co. (NYSE:GD - Free Report) by 795.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 30,479 shares of the aerospace company's stock after buying an additional 27,076 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in General Dynamics were worth $9,211,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC boosted 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 worth $416,876,000 after acquiring an additional 1,376,065 shares during the last quarter. 1832 Asset Management L.P. boosted its holdings in shares of General Dynamics by 2,189.3% in the 2nd quarter. 1832 Asset Management L.P. now owns 374,207 shares of the aerospace company's stock valued at $108,572,000 after purchasing an additional 357,861 shares during the last quarter. Public Employees Retirement Association of Colorado grew its stake in shares of General Dynamics by 879.9% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 340,359 shares of the aerospace company's stock valued at $96,148,000 after buying an additional 305,624 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of General Dynamics by 4.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,639,758 shares of the aerospace company's stock worth $2,216,599,000 after buying an additional 293,316 shares during the last quarter. Finally, Hsbc Holdings PLC raised its position in shares of General Dynamics by 24.2% in the 2nd quarter. Hsbc Holdings PLC now owns 1,347,247 shares of the aerospace company's stock worth $391,119,000 after buying an additional 262,164 shares during the period. Institutional investors and hedge funds own 86.14% of the company's stock.

Wall Street Analysts Forecast Growth

GD has been the subject of several research analyst reports. Sanford C. Bernstein dropped their price target on General Dynamics from $343.00 to $331.00 and set a "market perform" rating for the company in a research note on Thursday, October 24th. Morgan Stanley raised shares of General Dynamics from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $293.00 to $345.00 in a research report on Friday, August 9th. TD Cowen raised shares of General Dynamics to a "strong-buy" rating in a research report on Tuesday, October 8th. Wells Fargo & Company lifted their target price on shares of General Dynamics from $317.00 to $322.00 and gave the company an "equal weight" rating in a report on Thursday, October 24th. Finally, Barclays upped their target price on General Dynamics from $325.00 to $330.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 29th. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $323.69.

Insiders Place Their Bets

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the business's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $308.05, for a total transaction of $406,626.00. Following the completion of the transaction, the director now owns 3,592 shares in the company, valued at approximately $1,106,515.60. The trade was a 26.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.52% of the stock is currently owned by corporate insiders.

General Dynamics Stock Up 0.7 %

NYSE:GD traded up $1.88 during mid-day trading on Friday, reaching $281.81. The stock had a trading volume of 1,403,581 shares, compared to its average volume of 1,112,125. The stock's 50 day simple moving average is $300.90 and its two-hundred day simple moving average is $296.05. General Dynamics Co. has a 1-year low of $243.87 and a 1-year high of $316.90. The company has a market capitalization of $77.49 billion, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 1.70 and a beta of 0.61. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.32 and a quick ratio of 0.80.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.48 by ($0.13). General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. The firm had revenue of $11.67 billion for the quarter, compared to the consensus estimate of $11.65 billion. During the same quarter last year, the business earned $3.04 earnings per share. The business's revenue for the quarter was up 10.4% compared to the same quarter last year. Equities analysts anticipate 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.