General Dynamics Co. (NYSE:GD) Shares Purchased by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of General Dynamics Co. (NYSE:GD) by 3.2% in the third quarter, HoldingsChannel.com reports. The fund owned 5,922 shares of the aerospace company’s stock after buying an additional 184 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in General Dynamics were worth $1,790,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of GD. MFA Wealth Advisors LLC lifted its stake in General Dynamics by 241.7% in the 3rd quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after buying an additional 58 shares in the last quarter. Hara Capital LLC acquired a new position in shares of General Dynamics in the third quarter worth $26,000. New Covenant Trust Company N.A. acquired a new stake in shares of General Dynamics during the first quarter valued at $29,000. American Capital Advisory LLC purchased a new stake in General Dynamics during the 2nd quarter worth about $29,000. Finally, Lowe Wealth Advisors LLC acquired a new position in General Dynamics in the 3rd quarter valued at about $30,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Activity at General Dynamics

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 transaction of $406,626.00. Following the sale, the director now owns 3,592 shares in the company, valued at $1,106,515.60. This represents a 26.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.52% of the stock is currently owned by corporate insiders.

General Dynamics Stock Down 6.9 %

Shares of General Dynamics stock opened at $292.42 on Friday. General Dynamics Co. has a 1-year low of $243.87 and a 1-year high of $316.90. The company has a market capitalization of $80.41 billion, a PE ratio of 22.27, a P/E/G 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. The business has a 50-day moving average of $302.64 and a 200-day moving average of $296.23.

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

Analysts Set New Price Targets

GD has been the subject of a number of recent research reports. Morgan Stanley upgraded shares of General Dynamics from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $293.00 to $345.00 in a report on Friday, August 9th. Seaport Res Ptn downgraded shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. TD Cowen raised shares of General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 8th. Susquehanna upped their price target on General Dynamics from $333.00 to $352.00 and gave the stock a “positive” rating in a research note on Thursday, October 17th. Finally, Sanford C. Bernstein cut their price objective on General Dynamics from $343.00 to $331.00 and set a “market perform” rating on the stock in a report on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average 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.