WCM Investment Management LLC Purchases 4,436 Shares of General Dynamics Co. (NYSE:GD)

WCM Investment Management LLC lifted its stake in shares of General Dynamics Co. (NYSE:GD - Free Report) by 227.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,390 shares of the aerospace company's stock after buying an additional 4,436 shares during the quarter. WCM Investment Management LLC's holdings in General Dynamics were worth $1,918,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Olstein Capital Management L.P. lifted its stake in shares of General Dynamics by 36.4% in the third quarter. Olstein Capital Management L.P. now owns 15,000 shares of the aerospace company's stock worth $4,533,000 after acquiring an additional 4,000 shares during the period. CWC Advisors LLC. acquired a new position in General Dynamics during the third quarter worth $771,000. Kingsview Wealth Management LLC boosted its stake in General Dynamics by 87.6% during the first quarter. Kingsview Wealth Management LLC now owns 14,690 shares of the aerospace company's stock valued at $4,150,000 after buying an additional 6,858 shares in the last quarter. Clearbridge Investments LLC bought a new stake in shares of General Dynamics in the 1st quarter worth about $493,000. Finally, Peak Financial Advisors LLC acquired a new stake in shares of General Dynamics in the third quarter valued at approximately $3,022,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Peter A. Wall sold 1,320 shares of the firm's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $308.05, for a total transaction of $406,626.00. Following the transaction, the director now directly owns 3,592 shares of the company's stock, valued at approximately $1,106,515.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.52% of the stock is owned by company insiders.

General Dynamics Trading Down 0.6 %

GD stock traded down $1.79 during trading on Tuesday, reaching $312.12. 778,558 shares of the stock were exchanged, compared to its average volume of 1,093,747. 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 firm has a market capitalization of $85.82 billion, a price-to-earnings ratio of 23.77, a P/E/G ratio of 1.87 and a beta of 0.61. General Dynamics Co. has a 1 year low of $243.52 and a 1 year high of $315.93. The business has a 50 day moving average price of $301.91 and a 200-day moving average price of $295.91.

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

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Royal Bank of Canada upped their target price on General Dynamics from $320.00 to $330.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Wells Fargo & Company upped 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. Citigroup raised their target price on shares of General Dynamics from $331.00 to $354.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Seaport Res Ptn downgraded General Dynamics from a "strong-buy" rating to a "hold" rating in a report on Friday, October 11th. Finally, Morgan Stanley raised General Dynamics from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $293.00 to $345.00 in a research note on Friday, August 9th. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $323.69.

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.