Victory Capital Management Inc. Buys 37,688 Shares of General Dynamics Co. (NYSE:GD)

Victory Capital Management Inc. grew its stake in shares of General Dynamics Co. (NYSE:GD - Free Report) by 10.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 382,449 shares of the aerospace company's stock after buying an additional 37,688 shares during the period. Victory Capital Management Inc. owned 0.14% of General Dynamics worth $115,576,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Entropy Technologies LP boosted its position in shares of General Dynamics by 325.8% during the 1st quarter. Entropy Technologies LP now owns 5,782 shares of the aerospace company's stock valued at $1,633,000 after acquiring an additional 4,424 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of General Dynamics in the 1st quarter worth $361,000. Koshinski Asset Management Inc. raised its position in shares of General Dynamics by 133.9% during the 1st quarter. Koshinski Asset Management Inc. now owns 3,336 shares of the aerospace company's stock valued at $942,000 after buying an additional 1,910 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of General Dynamics by 7.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 262,920 shares of the aerospace company's stock worth $74,272,000 after acquiring an additional 17,743 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in General Dynamics by 14.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 294,751 shares of the aerospace company's stock worth $83,264,000 after acquiring an additional 36,541 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at General Dynamics

In related news, Director Peter A. Wall sold 1,320 shares of the company's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $308.05, for a total value of $406,626.00. Following the sale, the director now directly owns 3,592 shares of the company's stock, valued at $1,106,515.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.52% of the company's stock.

General Dynamics Trading Up 0.6 %

NYSE:GD traded up $1.92 during trading hours on Wednesday, hitting $313.97. The company had a trading volume of 906,709 shares, compared to its average volume of 1,093,028. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.32 and a quick ratio of 0.80. The stock has a 50-day moving average price of $302.25 and a 200 day moving average price of $296.11. The company has a market capitalization of $86.33 billion, a PE ratio of 24.08, a price-to-earnings-growth ratio of 1.89 and a beta of 0.61. General Dynamics Co. has a 52 week low of $243.87 and a 52 week high of $316.90.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings results 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 net margin of 7.90% and a return on equity of 16.59%. The company had revenue of $11.67 billion for the quarter, compared to analysts' expectations of $11.65 billion. During the same quarter in the prior year, the firm earned $3.04 EPS. General Dynamics's quarterly revenue was up 10.4% compared to the same quarter last year. On average, equities research analysts predict that General Dynamics Co. will post 13.97 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wells Fargo & Company lifted their price target on General Dynamics from $317.00 to $322.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 24th. Susquehanna increased their price target on shares of General Dynamics from $333.00 to $352.00 and gave the company a "positive" rating in a research report on Thursday, October 17th. Morgan Stanley upgraded shares of General Dynamics from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $293.00 to $345.00 in a report on Friday, August 9th. Citigroup increased their target price on shares of General Dynamics from $331.00 to $354.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Finally, Barclays boosted their price target on shares of General Dynamics from $325.00 to $330.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 29th. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $323.69.

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.