General Dynamics Co. (NYSE:GD) Shares Acquired by Mizuho Securities USA LLC

Mizuho Securities USA LLC boosted its holdings in General Dynamics Co. (NYSE:GD) by 105.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,094 shares of the aerospace company’s stock after acquiring an additional 18,568 shares during the quarter. Mizuho Securities USA LLC’s holdings in General Dynamics were worth $10,908,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in General Dynamics in the 1st quarter valued at about $361,000. Intech Investment Management LLC lifted its stake 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 worth $3,438,000 after purchasing an additional 9,765 shares during the period. TIAA Trust National Association grew its position in shares of General Dynamics by 2.8% in the first quarter. TIAA Trust National Association now owns 7,814 shares of the aerospace company’s stock valued at $2,207,000 after purchasing an additional 211 shares during the period. Acadian Asset Management LLC boosted its stake 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 worth $670,000 after buying an additional 883 shares during the last quarter. Finally, Edgestream Partners L.P. lifted its holdings in shares of General Dynamics by 116.2% during the 1st quarter. Edgestream Partners L.P. now owns 2,662 shares of the aerospace company’s stock worth $752,000 after acquiring an additional 1,431 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on GD shares. Susquehanna increased their target price on General Dynamics from $333.00 to $352.00 and gave the stock a “positive” rating in a research report on Thursday, October 17th. Sanford C. Bernstein cut their price objective on shares of General Dynamics from $343.00 to $331.00 and set a “market perform” rating on the stock in a report on Thursday, October 24th. Royal Bank of Canada lifted 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. Barclays boosted their price target on General Dynamics from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Finally, Citigroup boosted their target price on shares of General Dynamics from $331.00 to $354.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, General Dynamics has an average rating of “Moderate Buy” and an average price target of $323.69.

Insider Activity

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 3,592 shares of the company’s stock, valued at $1,106,515.60. This represents a 26.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.52% of the stock is owned by company insiders.

General Dynamics Stock Performance

Shares of GD opened at $287.99 on Friday. The company has a market capitalization of $79.19 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 1.90 and a beta of 0.61. 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 $243.87 and a one year high of $316.90. The company’s fifty day moving average price is $302.45 and its 200 day moving average price is $296.27.

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

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.