Wedbush Securities Inc. boosted its holdings in shares of General Dynamics Corporation (NYSE:GD) by 2.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,529 shares of the aerospace company’s stock after purchasing an additional 290 shares during the period. Wedbush Securities Inc.’s holdings in General Dynamics Corporation were worth $2,165,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. WFG Advisors LP increased its holdings in General Dynamics Corporation 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 purchasing an additional 2 shares in the last quarter. Zions Bancorporation increased its holdings in General Dynamics Corporation by 0.5% during the 1st quarter. Zions Bancorporation now owns 732 shares of the aerospace company’s stock valued at $137,000 after purchasing an additional 4 shares in the last quarter. Norway Savings Bank increased its holdings 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 valued at $201,000 after purchasing an additional 5 shares in the last quarter. YorkBridge Wealth Partners LLC increased its holdings 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 valued at $198,000 after purchasing an additional 5 shares in the last quarter. Finally, Guardian Life Insurance Co. of America increased its holdings 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 valued at $207,000 after purchasing an additional 8 shares in the last quarter. 86.05% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have commented on GD. ValuEngine upgraded General Dynamics Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Cowen and Company reiterated a “buy” rating and issued a $210.00 price objective on shares of General Dynamics Corporation in a research report on Monday, July 17th. BidaskClub upgraded General Dynamics Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded General Dynamics Corporation from a “hold” rating to a “buy” rating and set a $230.00 price objective on the stock in a research report on Monday, October 2nd. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $238.00 price objective (up from $216.00) on shares of General Dynamics Corporation in a research report on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $217.19.

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

General Dynamics Corporation 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.

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

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