Westpac Banking Corp lowered its stake in General Dynamics Corporation (NYSE:GD) by 0.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,224 shares of the aerospace company’s stock after selling 413 shares during the quarter. Westpac Banking Corp’s holdings in General Dynamics Corporation were worth $9,503,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Teachers Advisors LLC raised its stake in shares of General Dynamics Corporation by 92.8% in the first quarter. Teachers Advisors LLC now owns 578,526 shares of the aerospace company’s stock worth $108,300,000 after buying an additional 278,394 shares during the period. HCR Wealth Advisors raised its stake in shares of General Dynamics Corporation by 3.3% in the first quarter. HCR Wealth Advisors now owns 1,228 shares of the aerospace company’s stock worth $230,000 after buying an additional 39 shares during the period. Burney Co. raised its stake in shares of General Dynamics Corporation by 5.8% in the first quarter. Burney Co. now owns 25,410 shares of the aerospace company’s stock worth $4,757,000 after buying an additional 1,404 shares during the period. Boston Advisors LLC raised its stake in shares of General Dynamics Corporation by 13.4% in the second quarter. Boston Advisors LLC now owns 6,760 shares of the aerospace company’s stock worth $1,339,000 after buying an additional 800 shares during the period. Finally, Morgan Stanley raised its stake in shares of General Dynamics Corporation by 12.2% in the first quarter. Morgan Stanley now owns 1,139,288 shares of the aerospace company’s stock worth $213,274,000 after buying an additional 124,077 shares during the period. 86.05% of the stock is currently owned by hedge funds and other institutional investors.

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Several research analysts have recently commented on the company. BidaskClub downgraded General Dynamics Corporation from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. Cowen and Company reaffirmed a “buy” rating and issued a $230.00 price objective on shares of General Dynamics Corporation in a research note on Thursday, October 26th. Morgan Stanley assumed coverage on General Dynamics Corporation in a research note on Tuesday, August 8th. They issued an “underweight” rating and a $185.00 price objective on the stock. ValuEngine downgraded General Dynamics Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, Zacks Investment Research raised General Dynamics Corporation from a “hold” rating to a “buy” rating and set a $238.00 price objective on the stock in a research note on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. General Dynamics Corporation presently has a consensus rating of “Hold” and a consensus target price of $217.19.

General Dynamics Corporation (NYSE:GD) last released its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.09. The company had revenue of $7.58 billion during the quarter, compared to analysts’ expectations of $7.94 billion. General Dynamics Corporation had a return on equity of 27.98% and a net margin of 9.94%. General Dynamics Corporation’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.36 EPS.

General Dynamics Corporation Company Profile

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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Institutional Ownership by Quarter for General Dynamics Corporation (NYSE:GD)

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