XTX Topco Ltd Has $390,000 Stock Holdings in General Dynamics Co. (NYSE:GD)

XTX Topco Ltd cut its position in shares of General Dynamics Co. (NYSE:GD - Free Report) by 72.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,292 shares of the aerospace company's stock after selling 3,430 shares during the period. XTX Topco Ltd's holdings in General Dynamics were worth $390,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in GD. Wellington Management Group LLP raised its position in shares of General Dynamics by 0.8% in the third quarter. Wellington Management Group LLP now owns 14,205,330 shares of the aerospace company's stock valued at $4,292,851,000 after purchasing an additional 109,618 shares during the period. State Street Corp raised its holdings in General Dynamics by 9.4% in 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 period. Massachusetts Financial Services Co. MA lifted its position in General Dynamics by 2.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,829,662 shares of the aerospace company's stock worth $2,366,124,000 after acquiring an additional 189,904 shares during the last quarter. FMR LLC boosted its holdings in General Dynamics by 0.5% during the third quarter. FMR LLC now owns 4,940,537 shares of the aerospace company's stock valued at $1,493,030,000 after acquiring an additional 24,464 shares during the period. Finally, Sanders Capital LLC grew its position in shares of General Dynamics by 1.2% in the third quarter. Sanders Capital LLC now owns 4,178,460 shares of the aerospace company's stock valued at $1,262,731,000 after purchasing an additional 49,397 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of the company's stock in a transaction 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 sale, the vice president now owns 20,296 shares in the company, valued at approximately $5,701,349.36. The trade was a 21.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.52% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GD. The Goldman Sachs Group cut General Dynamics from a "neutral" rating to a "sell" rating and cut their price objective for the stock from $283.00 to $245.00 in a research report on Thursday. Barclays raised their price objective on shares of General Dynamics from $325.00 to $330.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 29th. Sanford C. Bernstein cut their target price on shares of General Dynamics from $343.00 to $331.00 and set a "market perform" rating for the company in a research note on Thursday, October 24th. Seaport Res Ptn lowered shares of General Dynamics from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 11th. Finally, Susquehanna boosted their price objective on shares of General Dynamics from $333.00 to $352.00 and gave the stock a "positive" rating in a report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $317.38.

General Dynamics Price Performance

GD traded up $2.92 during midday trading on Monday, hitting $266.03. The company had a trading volume of 3,087,313 shares, compared to its average volume of 1,145,879. General Dynamics Co. has a twelve month low of $247.36 and a twelve month high of $316.90. The company has a market capitalization of $73.15 billion, a PE ratio of 20.26, 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 quick ratio of 0.80 and a current ratio of 1.32. The firm's 50-day simple moving average is $291.21 and its 200-day simple moving average is $293.49.

General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share for the quarter, missing the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm earned $3.04 EPS. Equities research analysts predict that General Dynamics Co. will post 13.87 EPS for the current fiscal year.

General Dynamics declared that its Board of Directors has authorized a share repurchase program on Wednesday, December 4th that permits the company to buyback 10,000,000 outstanding shares. This buyback authorization permits the aerospace company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

General Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 17th will be issued a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 2.14%. The ex-dividend date is Friday, January 17th. General Dynamics's dividend payout ratio is 43.26%.

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.