General Dynamics Co. (NYSE:GD) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its stake in General Dynamics Co. (NYSE:GD - Free Report) by 2.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 373,976 shares of the aerospace company's stock after selling 10,706 shares during the period. Thrivent Financial for Lutherans owned 0.14% of General Dynamics worth $113,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA grew its stake in General Dynamics by 4.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,639,758 shares of the aerospace company's stock valued at $2,216,599,000 after purchasing an additional 293,316 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in General Dynamics by 2.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,782,612 shares of the aerospace company's stock valued at $1,351,041,000 after purchasing an additional 115,063 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of General Dynamics by 2.4% during the second quarter. Ameriprise Financial Inc. now owns 2,071,803 shares of the aerospace company's stock worth $601,756,000 after acquiring an additional 47,915 shares during the last quarter. Boston Partners grew its stake in shares of General Dynamics by 1.4% during the first quarter. Boston Partners now owns 1,680,666 shares of the aerospace company's stock worth $474,927,000 after acquiring an additional 23,262 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of General Dynamics by 1.5% during the second quarter. Bank of New York Mellon Corp now owns 1,606,289 shares of the aerospace company's stock worth $466,049,000 after acquiring an additional 23,304 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.

Wall Street Analyst Weigh In

GD has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their price target on General Dynamics from $320.00 to $330.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Wells Fargo & Company boosted 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. TD Cowen upgraded General Dynamics to a "strong-buy" rating in a research note on Tuesday, October 8th. Barclays lifted their target price on General Dynamics from $325.00 to $330.00 and gave the stock an "overweight" rating in a report on Tuesday, October 29th. Finally, Seaport Res Ptn downgraded General Dynamics from a "strong-buy" rating to a "hold" rating in a report on Friday, October 11th. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, General Dynamics currently has an average rating of "Moderate Buy" and a consensus price target of $323.69.

General Dynamics Price Performance

Shares of GD stock traded down $4.43 during trading hours on Friday, hitting $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 quick ratio of 0.80, a current ratio of 1.32 and a debt-to-equity ratio of 0.32. The firm has a market cap of $79.19 billion, a P/E ratio of 21.93, a P/E/G ratio of 1.74 and a beta of 0.61. The firm has a 50 day moving average of $302.45 and a two-hundred day moving average of $296.27. General Dynamics Co. has a fifty-two week low of $243.87 and a fifty-two week high of $316.90.

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 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 analysts' expectations of $11.65 billion. During the same quarter in the previous year, the firm posted $3.04 earnings per share. The firm's revenue for the quarter was up 10.4% compared to the same quarter last year. Sell-side analysts forecast that General Dynamics Co. will post 13.98 EPS for the current year.

Insider Buying and Selling

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 stock was sold at an average price of $308.05, for a total value of $406,626.00. Following the completion of the sale, the director now directly owns 3,592 shares in the company, valued at $1,106,515.60. This represents a 26.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.52% of the stock is owned by company insiders.

About General Dynamics

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.