Advisor Group Inc. increased its holdings in shares of General Dynamics Corporation (NYSE:GD) by 2.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,793 shares of the aerospace company’s stock after buying an additional 612 shares during the quarter. Advisor Group Inc.’s holdings in General Dynamics Corporation were worth $4,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also made changes to their positions in the stock. WFG Advisors LP grew its stake in General Dynamics Corporation by 0.3% during the 2nd quarter. WFG Advisors LP now owns 668 shares of the aerospace company’s stock worth $132,000 after buying an additional 2 shares during the last quarter. Zions Bancorporation lifted its position in General Dynamics Corporation by 0.5% during the 1st quarter. Zions Bancorporation now owns 732 shares of the aerospace company’s stock worth $137,000 after acquiring an additional 4 shares during the period. Norway Savings Bank lifted its position in General Dynamics Corporation by 0.5% during the 2nd quarter. Norway Savings Bank now owns 1,015 shares of the aerospace company’s stock worth $201,000 after acquiring an additional 5 shares during the period. YorkBridge Wealth Partners LLC lifted its position in General Dynamics Corporation by 0.5% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 992 shares of the aerospace company’s stock worth $198,000 after acquiring an additional 5 shares during the period. Finally, Guardian Life Insurance Co. of America lifted its position in General Dynamics Corporation by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,104 shares of the aerospace company’s stock worth $207,000 after acquiring an additional 8 shares during the period. Hedge funds and other institutional investors own 85.79% of the company’s stock.
In other General Dynamics Corporation news, insider John Patrick Casey sold 34,945 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $201.38, for a total transaction of $7,037,224.10. Following the completion of the sale, the insider now directly owns 144,378 shares in the company, valued at approximately $29,074,841.64. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Gregory S. Gallopoulos sold 78,370 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $202.93, for a total value of $15,903,624.10. The disclosure for this sale can be found here. 6.70% of the stock is currently owned by insiders.
General Dynamics Corporation (GD) traded up $0.68 during midday trading on Tuesday, reaching $200.81. The company had a trading volume of 273,537 shares, compared to its average volume of 1,153,220. The firm has a market cap of $59,880.00, a PE ratio of 19.84, a price-to-earnings-growth ratio of 2.39 and a beta of 0.73. General Dynamics Corporation has a 12 month low of $164.97 and a 12 month high of $214.81. The company has a quick ratio of 0.93, a current ratio of 1.37 and a debt-to-equity ratio of 0.34.
General Dynamics Corporation (NYSE:GD) last posted its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $2.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.43 by $0.09. General Dynamics Corporation had a return on equity of 27.98% and a net margin of 9.94%. The company had revenue of $7.58 billion during the quarter, compared to analyst estimates of $7.94 billion. During the same period in the previous year, the business earned $2.36 EPS. General Dynamics Corporation’s quarterly revenue was down 1.0% on a year-over-year basis. equities analysts anticipate that General Dynamics Corporation will post 9.81 EPS for the current fiscal year.
A number of analysts have commented on the company. Zacks Investment Research cut General Dynamics Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. Citigroup Inc. reaffirmed a “neutral” rating and set a $215.00 price target (up previously from $210.00) on shares of General Dynamics Corporation in a research report on Monday, October 9th. ValuEngine cut General Dynamics Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Cowen and Company reaffirmed a “buy” rating and set a $230.00 price target on shares of General Dynamics Corporation in a research report on Thursday, October 19th. Finally, Stifel Nicolaus lifted their price target on General Dynamics Corporation from $200.00 to $210.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the stock. General Dynamics Corporation currently has a consensus rating of “Hold” and a consensus target price of $217.19.
About General Dynamics Corporation
General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.
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