National Asset Management Inc. reduced its stake in shares of General Dynamics Corporation (NYSE:GD) by 12.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,822 shares of the aerospace company’s stock after selling 548 shares during the period. National Asset Management Inc.’s holdings in General Dynamics were worth $786,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Ibex Wealth Advisors grew its stake in shares of General Dynamics by 3.5% during the 1st quarter. Ibex Wealth Advisors now owns 24,027 shares of the aerospace company’s stock worth $4,465,000 after acquiring an additional 823 shares in the last quarter. Jacobi Capital Management LLC grew its stake in shares of General Dynamics by 724.8% during the 1st quarter. Jacobi Capital Management LLC now owns 1,031 shares of the aerospace company’s stock worth $192,000 after acquiring an additional 906 shares in the last quarter. Piedmont Investment Advisors LLC grew its stake in shares of General Dynamics by 0.9% during the 1st quarter. Piedmont Investment Advisors LLC now owns 51,904 shares of the aerospace company’s stock worth $9,716,000 after acquiring an additional 441 shares in the last quarter. Seaward Management Limited Partnership bought a new position in shares of General Dynamics in the first quarter valued at $218,000. Finally, Aviance Capital Management LLC grew its stake in shares of General Dynamics by 0.3% in the first quarter. Aviance Capital Management LLC now owns 3,695 shares of the aerospace company’s stock valued at $692,000 after buying an additional 10 shares in the last quarter. Hedge funds and other institutional investors own 86.87% of the company’s stock.

In other news, VP Gregory S. Gallopoulos sold 78,370 shares of General Dynamics stock in a transaction on Monday, November 6th. The stock was sold at an average price of $202.93, for a total transaction of $15,903,624.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Patrick Casey sold 34,945 shares of General Dynamics stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $201.38, for a total value of $7,037,224.10. Following the sale, the insider now directly owns 144,378 shares of the company’s stock, valued at approximately $29,074,841.64. The disclosure for this sale can be found here. Insiders own 6.70% of the company’s stock.

General Dynamics Corporation (NYSE GD) traded down $0.95 during mid-day trading on Tuesday, reaching $201.69. 1,705,900 shares of the company’s stock were exchanged, compared to its average volume of 1,150,014. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.93 and a current ratio of 1.37. General Dynamics Corporation has a 1 year low of $168.00 and a 1 year high of $214.81. The company has a market capitalization of $60,210.00, a PE ratio of 20.12, a price-to-earnings-growth ratio of 2.43 and a beta of 0.72.

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

Several equities analysts recently weighed in on the stock. BidaskClub raised shares of General Dynamics from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Jefferies Group reissued a “buy” rating on shares of General Dynamics in a research note on Friday, August 11th. ValuEngine cut shares of General Dynamics from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Morgan Stanley assumed coverage on shares of General Dynamics in a research note on Tuesday, August 8th. They issued an “underweight” rating and a $185.00 target price for the company. Finally, Deutsche Bank reissued a “hold” rating and issued a $210.00 target price (up from $200.00) on shares of General Dynamics in a research note on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $218.45.

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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.

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

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