ING Groep NV Has $10.42 Million Stock Position in General Dynamics Co. (NYSE:GD)

ING Groep NV grew its stake in General Dynamics Co. (NYSE:GD - Free Report) by 12.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 34,489 shares of the aerospace company's stock after acquiring an additional 3,895 shares during the period. ING Groep NV's holdings in General Dynamics were worth $10,423,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Coston McIsaac & Partners increased its stake in General Dynamics by 22.8% in the third quarter. Coston McIsaac & Partners now owns 178 shares of the aerospace company's stock valued at $53,000 after purchasing an additional 33 shares during the last quarter. Global X Japan Co. Ltd. boosted its holdings in General Dynamics by 2.3% in the 3rd quarter. Global X Japan Co. Ltd. now owns 1,482 shares of the aerospace company's stock valued at $448,000 after purchasing an additional 33 shares in the last quarter. Grove Bank & Trust raised its position in General Dynamics by 10.6% in the third quarter. Grove Bank & Trust now owns 354 shares of the aerospace company's stock worth $107,000 after acquiring an additional 34 shares in the last quarter. Trueblood Wealth Management LLC increased its holdings in General Dynamics by 1.6% in the third quarter. Trueblood Wealth Management LLC now owns 2,223 shares of the aerospace company's stock valued at $672,000 after buying an additional 34 shares in the last quarter. Finally, Modera Wealth Management LLC boosted its position in General Dynamics by 0.4% during the second quarter. Modera Wealth Management LLC now owns 8,120 shares of the aerospace company's stock worth $2,356,000 after purchasing an additional 35 shares in the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

General Dynamics Stock Performance

GD traded down $4.42 on Friday, hitting $288.01. 1,997,319 shares of the company's stock were exchanged, compared to its average volume of 1,100,860. The company has a current ratio of 1.32, a quick ratio of 0.80 and a debt-to-equity ratio of 0.32. The stock has a fifty day moving average of $302.55 and a two-hundred day moving average of $296.20. General Dynamics Co. has a twelve month low of $243.87 and a twelve month high of $316.90. The firm has a market cap of $79.19 billion, a PE ratio of 22.39, a P/E/G ratio of 1.90 and a beta of 0.61.

General Dynamics (NYSE:GD - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing analysts' consensus estimates of $3.48 by ($0.13). The company had revenue of $11.67 billion for the quarter, compared to the consensus estimate of $11.65 billion. General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. General Dynamics's quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.04 earnings per share. On average, research analysts anticipate that General Dynamics Co. will post 13.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on GD. TD Cowen upgraded General Dynamics to a "strong-buy" rating in a research report on Tuesday, October 8th. Citigroup boosted their price objective on shares of General Dynamics from $331.00 to $354.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Sanford C. Bernstein lowered their price objective on shares of General Dynamics from $343.00 to $331.00 and set a "market perform" rating for the company in a research report on Thursday, October 24th. Morgan Stanley raised shares of General Dynamics from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $293.00 to $345.00 in a research report on Friday, August 9th. Finally, Royal Bank of Canada lifted their price target on shares of General Dynamics from $320.00 to $330.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $323.69.

Insider Activity at General Dynamics

In related news, Director Peter A. Wall sold 1,320 shares of General Dynamics stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $308.05, for a total transaction of $406,626.00. Following the sale, the director now directly owns 3,592 shares in the company, valued at $1,106,515.60. The trade was a 26.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.52% of the stock is currently owned by insiders.

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.