Tokio Marine Asset Management Co. Ltd. Increases Stake in General Dynamics Co. (NYSE:GD)

Tokio Marine Asset Management Co. Ltd. grew its holdings in General Dynamics Co. (NYSE:GD) by 3.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,922 shares of the aerospace company’s stock after acquiring an additional 184 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in General Dynamics were worth $1,790,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. MFA Wealth Advisors LLC raised its position 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 purchasing an additional 58 shares in the last quarter. Hara Capital LLC acquired a new position in General Dynamics during the 3rd quarter worth approximately $26,000. American Capital Advisory LLC purchased a new stake in shares of General Dynamics in the 2nd quarter valued at approximately $29,000. Lowe Wealth Advisors LLC acquired a new stake in shares of General Dynamics in the 3rd quarter valued at $30,000. Finally, New Covenant Trust Company N.A. acquired a new position in shares of General Dynamics during the first quarter worth $29,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on GD shares. Wells Fargo & Company lifted their price target on General Dynamics from $317.00 to $322.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Barclays upped their target price on shares of General Dynamics from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft cut their price target on shares of General Dynamics from $309.00 to $306.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Sanford C. Bernstein reduced their target price on General Dynamics from $343.00 to $331.00 and set a “market perform” rating for the company in a report on Thursday, October 24th. Finally, Susquehanna raised 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. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, General Dynamics currently has an average rating of “Moderate Buy” and an average target price of $323.69.

General Dynamics Price Performance

Shares of GD opened at $292.42 on Friday. 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 stock’s 50 day moving average is $302.64 and its two-hundred day moving average is $296.23. General Dynamics Co. has a twelve month low of $243.87 and a twelve month high of $316.90. The firm 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.

General Dynamics (NYSE:GD) last posted its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $11.65 billion. During the same quarter last year, the firm earned $3.04 earnings per share. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. Research analysts anticipate that General Dynamics Co. will post 13.97 earnings per share for the current year.

Insider Activity

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were 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 in the company, valued at approximately $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 can be accessed through this link. Insiders own 1.52% of the company’s stock.

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.