Foundry Partners LLC boosted its position in General Dynamics Co. (NYSE:GD) by 17.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,484 shares of the aerospace company’s stock after purchasing an additional 4,452 shares during the period. Foundry Partners LLC’s holdings in General Dynamics were worth $6,241,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Adirondack Trust Co. increased its stake in shares of General Dynamics by 20.0% during the 2nd quarter. Adirondack Trust Co. now owns 1,600 shares of the aerospace company’s stock worth $298,000 after purchasing an additional 267 shares in the last quarter. Pittenger & Anderson Inc. increased its stake in shares of General Dynamics by 1.0% during the 3rd quarter. Pittenger & Anderson Inc. now owns 26,283 shares of the aerospace company’s stock worth $5,381,000 after purchasing an additional 267 shares in the last quarter. Bigelow Investment Advisors LLC increased its stake in shares of General Dynamics by 6.0% during the 2nd quarter. Bigelow Investment Advisors LLC now owns 4,751 shares of the aerospace company’s stock worth $886,000 after purchasing an additional 268 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of General Dynamics by 1.0% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 27,116 shares of the aerospace company’s stock worth $5,054,000 after purchasing an additional 275 shares in the last quarter. Finally, Mutual of America Capital Management LLC increased its stake in shares of General Dynamics by 0.8% during the 2nd quarter. Mutual of America Capital Management LLC now owns 35,170 shares of the aerospace company’s stock worth $6,556,000 after purchasing an additional 277 shares in the last quarter. Hedge funds and other institutional investors own 85.45% of the company’s stock.

A number of brokerages have recently weighed in on GD. Cowen reissued a “buy” rating and set a $253.00 price objective on shares of General Dynamics in a research note on Monday, October 15th. Zacks Investment Research cut shares of General Dynamics from a “hold” rating to a “sell” rating in a research note on Wednesday, October 10th. Drexel Hamilton reissued a “buy” rating and set a $230.00 price objective on shares of General Dynamics in a research note on Thursday, August 16th. UBS Group began coverage on shares of General Dynamics in a research note on Wednesday, August 15th. They set a “neutral” rating and a $210.00 price objective for the company. Finally, Bank of America set a $275.00 price objective on shares of General Dynamics and gave the stock a “buy” rating in a research note on Tuesday, July 31st. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $241.12.

In other General Dynamics news, insider S. Daniel Johnson sold 77,810 shares of General Dynamics stock in a transaction on Friday, September 14th. The shares were sold at an average price of $199.85, for a total value of $15,550,328.50. Following the transaction, the insider now owns 99,333 shares in the company, valued at approximately $19,851,700.05. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John Patrick Casey sold 22,500 shares of General Dynamics stock in a transaction on Monday, October 15th. The shares were sold at an average price of $193.28, for a total transaction of $4,348,800.00. Following the completion of the transaction, the insider now owns 118,555 shares in the company, valued at approximately $22,914,310.40. The disclosure for this sale can be found here. 6.70% of the stock is currently owned by insiders.

GD stock opened at $190.26 on Friday. The company has a market capitalization of $56.80 billion, a price-to-earnings ratio of 18.23, a PEG ratio of 1.53 and a beta of 0.78. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.20 and a quick ratio of 0.84. General Dynamics Co. has a one year low of $184.21 and a one year high of $230.00.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, July 25th. The aerospace company reported $2.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.49 by $0.33. The firm had revenue of $9.19 billion during the quarter, compared to analysts’ expectations of $9.09 billion. General Dynamics had a net margin of 9.16% and a return on equity of 27.06%. General Dynamics’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.45 EPS. As a group, sell-side analysts expect that General Dynamics Co. will post 11.23 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Shareholders of record on Friday, October 5th will be paid a $0.93 dividend. The ex-dividend date is Thursday, October 4th. This represents a $3.72 annualized dividend and a yield of 1.96%. General Dynamics’s payout ratio is currently 37.39%.

General Dynamics Company Profile

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four business groups: Aerospace; Combat Systems; Information Systems and Technology; and Marine Systems. The Aerospace group designs, develops, manufactures, service and supports business-jet aircraft; and provides aircraft services, such as maintenance, aircraft management, charter, fixed-base operational, and staffing services.

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

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