Asset Management One Co. Ltd. boosted its position in General Dynamics Corporation (NYSE:GD) by 1.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 412,654 shares of the aerospace company’s stock after acquiring an additional 6,027 shares during the period. Asset Management One Co. Ltd. owned 0.14% of General Dynamics worth $84,820,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. WFG Advisors LP lifted its position in General Dynamics by 0.3% during the 2nd quarter. WFG Advisors LP now owns 668 shares of the aerospace company’s stock valued at $132,000 after acquiring an additional 2 shares during the period. YorkBridge Wealth Partners LLC lifted its position in General Dynamics by 0.5% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 992 shares of the aerospace company’s stock valued at $198,000 after acquiring an additional 5 shares during the period. Aviance Capital Management LLC lifted its position in General Dynamics by 0.3% during the 1st quarter. Aviance Capital Management LLC now owns 3,695 shares of the aerospace company’s stock valued at $692,000 after acquiring an additional 10 shares during the period. Connecticut Wealth Management LLC lifted its position in General Dynamics by 0.6% during the 2nd quarter. Connecticut Wealth Management LLC now owns 2,086 shares of the aerospace company’s stock valued at $419,000 after acquiring an additional 12 shares during the period. Finally, Pathstone Family Office LLC lifted its position in General Dynamics by 100.0% during the 2nd quarter. Pathstone Family Office LLC now owns 24 shares of the aerospace company’s stock valued at $4,754,000 after acquiring an additional 12 shares during the period. 86.87% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Gregory S. Gallopoulos sold 78,370 shares of General Dynamics stock in a transaction on Monday, November 6th. The shares were sold at an average price of $202.93, for a total value of $15,903,624.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John Patrick Casey sold 34,945 shares of General Dynamics stock in a transaction on Wednesday, November 1st. The shares were 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 disclosure for this sale can be found here. 6.70% of the stock is owned by insiders.

A number of brokerages recently issued reports on GD. Cowen reissued a “buy” rating and set a $230.00 price target on shares of General Dynamics in a research report on Thursday, October 26th. Morgan Stanley started coverage on shares of General Dynamics in a report on Tuesday, August 8th. They issued an “underweight” rating and a $185.00 target price for the company. ValuEngine cut shares of General Dynamics from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Credit Suisse Group reissued an “outperform” rating and set a $238.00 price objective (up from $216.00) on shares of General Dynamics in a report on Thursday, October 26th. Finally, Zacks Investment Research upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and set a $238.00 target price for the company in a research report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $218.45.

General Dynamics Corporation (NYSE:GD) traded down $1.78 on Wednesday, reaching $199.91. 960,200 shares of the company’s stock were exchanged, compared to its average volume of 1,149,203. General Dynamics Corporation has a 12 month low of $168.00 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. The stock has a market cap of $60,221.19, a price-to-earnings ratio of 20.03, a PEG ratio of 2.42 and a beta of 0.72.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.09. General Dynamics had a net margin of 9.94% and a return on equity of 27.98%. The company had revenue of $7.58 billion during the quarter, compared to analyst estimates of $7.94 billion. During the same period last year, the firm posted $2.36 EPS. General Dynamics’s revenue for the quarter was down 1.0% compared to the same quarter last year. equities research analysts anticipate that General Dynamics Corporation will post 9.81 EPS for the current fiscal year.

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General Dynamics 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 (NYSE:GD)

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