Sanctuary Advisors LLC Raises Stock Holdings in General Dynamics Co. (NYSE:GD)

Sanctuary Advisors LLC raised its holdings in General Dynamics Co. (NYSE:GD - Free Report) by 12.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,811 shares of the aerospace company's stock after purchasing an additional 10,909 shares during the quarter. Sanctuary Advisors LLC's holdings in General Dynamics were worth $27,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. International Assets Investment Management LLC increased its holdings 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 buying an additional 1,376,065 shares during the period. State Street Corp grew its position in General Dynamics by 9.4% during the 3rd quarter. State Street Corp now owns 10,945,110 shares of the aerospace company's stock worth $3,307,612,000 after acquiring an additional 943,247 shares during the last quarter. Geode Capital Management LLC increased its stake in General Dynamics by 13.0% in the 3rd quarter. Geode Capital Management LLC now owns 5,557,404 shares of the aerospace company's stock worth $1,674,998,000 after purchasing an additional 638,342 shares during the period. Two Sigma Advisers LP increased its stake in General Dynamics by 117.0% in the 3rd quarter. Two Sigma Advisers LP now owns 858,600 shares of the aerospace company's stock worth $259,469,000 after purchasing an additional 463,000 shares during the period. Finally, 1832 Asset Management L.P. grew its holdings in shares of General Dynamics by 2,189.3% in the second quarter. 1832 Asset Management L.P. now owns 374,207 shares of the aerospace company's stock worth $108,572,000 after purchasing an additional 357,861 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at General Dynamics

In other news, VP Christopher J. Brady sold 5,540 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $280.91, for a total transaction of $1,556,241.40. Following the completion of the transaction, the vice president now directly owns 20,296 shares of the company's stock, valued at $5,701,349.36. The trade was a 21.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Peter A. Wall sold 1,320 shares of General Dynamics stock in a transaction that occurred 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 sale, the director now directly owns 3,592 shares of the company's stock, valued at approximately $1,106,515.60. This trade represents a 26.87 % decrease in their position. The disclosure for this sale can be found here. 1.52% of the stock is owned by company insiders.

General Dynamics Stock Up 0.2 %

NYSE:GD traded up $0.42 during mid-day trading on Friday, hitting $263.46. 553,871 shares of the company's stock were exchanged, compared to its average volume of 1,132,902. The company has a market cap of $72.44 billion, a PE ratio of 20.03, a P/E/G ratio of 1.63 and a beta of 0.59. 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 Co. has a one year low of $247.36 and a one year high of $316.90. The business has a fifty day moving average price of $292.58 and a 200 day moving average price of $293.98.

General Dynamics (NYSE:GD - Get Free Report) last issued its quarterly earnings results 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 during 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%. The business's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.04 earnings per share. Equities analysts predict that General Dynamics Co. will post 13.87 EPS for the current year.

General Dynamics declared that its board has authorized a stock buyback program on Wednesday, December 4th that allows the company to repurchase 10,000,000 outstanding shares. This repurchase authorization allows the aerospace company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its shares are undervalued.

General Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 17th will be given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 2.16%. The ex-dividend date is Friday, January 17th. General Dynamics's dividend payout ratio (DPR) is 43.26%.

Analysts Set New Price Targets

GD has been the subject of several analyst reports. TD Cowen raised shares of General Dynamics to a "strong-buy" rating in a research report on Tuesday, October 8th. Royal Bank of Canada increased their target price on shares of General Dynamics from $320.00 to $330.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Seaport Res Ptn downgraded General Dynamics from a "strong-buy" rating to a "hold" rating in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft lowered their price target on General Dynamics from $309.00 to $306.00 and set a "hold" rating for the company in a research report on Friday, November 1st. Finally, Citigroup boosted their target price on General Dynamics from $331.00 to $354.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $317.38.

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.