Mizuho Securities USA LLC Buys 18,568 Shares of General Dynamics Co. (NYSE:GD)

Mizuho Securities USA LLC lifted its stake in shares of General Dynamics Co. (NYSE:GD - Free Report) by 105.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,094 shares of the aerospace company's stock after acquiring an additional 18,568 shares during the period. Mizuho Securities USA LLC's holdings in General Dynamics were worth $10,908,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in General Dynamics during the 1st quarter worth approximately $361,000. Intech Investment Management LLC lifted its holdings in shares of General Dynamics by 405.7% during the 1st quarter. Intech Investment Management LLC now owns 12,172 shares of the aerospace company's stock valued at $3,438,000 after acquiring an additional 9,765 shares in the last quarter. TIAA Trust National Association boosted its position in General Dynamics by 2.8% during the 1st quarter. TIAA Trust National Association now owns 7,814 shares of the aerospace company's stock worth $2,207,000 after purchasing an additional 211 shares during the period. Acadian Asset Management LLC increased its holdings in General Dynamics by 59.1% in the 1st quarter. Acadian Asset Management LLC now owns 2,377 shares of the aerospace company's stock valued at $670,000 after purchasing an additional 883 shares in the last quarter. Finally, Edgestream Partners L.P. raised its position in General Dynamics by 116.2% in the first quarter. Edgestream Partners L.P. now owns 2,662 shares of the aerospace company's stock valued at $752,000 after purchasing an additional 1,431 shares during the period. Hedge funds and other institutional investors own 86.14% of the company's stock.

Wall Street Analyst Weigh In

GD has been the subject of several research analyst reports. Royal Bank of Canada increased their target price on General Dynamics from $320.00 to $330.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. TD Cowen raised General Dynamics to a "strong-buy" rating in a research report on Tuesday, October 8th. Morgan Stanley raised shares of General Dynamics from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $293.00 to $345.00 in a report on Friday, August 9th. Barclays increased their price objective on shares of General Dynamics from $325.00 to $330.00 and gave the stock an "overweight" rating in a report on Tuesday, October 29th. Finally, Susquehanna boosted their price target on General Dynamics from $333.00 to $352.00 and gave the stock a "positive" rating in a research report on Thursday, October 17th. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, General Dynamics currently has an average rating of "Moderate Buy" and an average target price of $323.69.

General Dynamics Trading Down 1.5 %

Shares of NYSE:GD traded down $4.43 during mid-day trading on Friday, reaching $287.99. 1,997,358 shares of the company's stock were exchanged, compared to its average volume of 1,167,315. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.80 and a current ratio of 1.32. General Dynamics Co. has a twelve month low of $243.87 and a twelve month high of $316.90. The firm has a market capitalization of $79.19 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 1.74 and a beta of 0.61. The business's fifty day moving average price is $302.45 and its 200-day moving average price is $296.27.

General Dynamics (NYSE:GD - Get Free Report) last released 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 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 in the previous year, the business posted $3.04 EPS. The firm's revenue for the quarter was up 10.4% compared to the same quarter last year. On average, research analysts predict that General Dynamics Co. will post 13.98 EPS for the current fiscal year.

Insider Activity

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the company's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $308.05, for a total transaction of $406,626.00. Following the transaction, the director now owns 3,592 shares in the company, valued at approximately $1,106,515.60. This represents a 26.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.52% of the company's stock.

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.