Outfitter Advisors LTD. lessened its position in shares of General Dynamics Corporation (NYSE:GD) by 3.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,570 shares of the aerospace company’s stock after selling 300 shares during the quarter. Outfitter Advisors LTD.’s holdings in General Dynamics Corporation were worth $1,762,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. WFG Advisors LP boosted its holdings in shares of General Dynamics Corporation by 0.3% in the 2nd quarter. WFG Advisors LP now owns 668 shares of the aerospace company’s stock worth $132,000 after purchasing an additional 2 shares during the period. Zions Bancorporation boosted its holdings in shares of General Dynamics Corporation by 0.5% in the 1st quarter. Zions Bancorporation now owns 732 shares of the aerospace company’s stock worth $137,000 after purchasing an additional 4 shares during the period. Norway Savings Bank boosted its holdings in shares of General Dynamics Corporation by 0.5% in the 2nd quarter. Norway Savings Bank now owns 1,015 shares of the aerospace company’s stock worth $201,000 after purchasing an additional 5 shares during the period. YorkBridge Wealth Partners LLC boosted its holdings in shares of General Dynamics Corporation by 0.5% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 992 shares of the aerospace company’s stock worth $198,000 after purchasing an additional 5 shares during the period. Finally, Guardian Life Insurance Co. of America boosted its holdings in shares of General Dynamics Corporation by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,104 shares of the aerospace company’s stock worth $207,000 after purchasing an additional 8 shares during the period. Institutional investors and hedge funds own 86.32% of the company’s stock.

GD has been the subject of a number of recent research reports. Stifel Nicolaus lifted their target price on General Dynamics Corporation from $200.00 to $210.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. Zacks Investment Research cut General Dynamics Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Deutsche Bank AG reiterated a “hold” rating and issued a $210.00 target price (up previously from $200.00) on shares of General Dynamics Corporation in a report on Monday, October 2nd. ValuEngine upgraded General Dynamics Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, BidaskClub raised General Dynamics Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Two 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. General Dynamics Corporation has a consensus rating of “Hold” and a consensus price target of $217.19.

Shares of General Dynamics Corporation (NYSE GD) traded down $0.78 during midday trading on Monday, reaching $203.28. The company’s stock had a trading volume of 197,019 shares, compared to its average volume of 1,027,520. The company has a current ratio of 1.37, a quick ratio of 0.93 and a debt-to-equity ratio of 0.34. The company has a market cap of $60,928.83, a price-to-earnings ratio of 20.26, a PEG ratio of 2.45 and a beta of 0.73. General Dynamics Corporation has a 1-year low of $149.66 and a 1-year high of $214.81.

General Dynamics Corporation (NYSE:GD) last issued its earnings results on Wednesday, October 25th. The aerospace company reported $2.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.43 by $0.09. The business had revenue of $7.58 billion during the quarter, compared to analyst estimates 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 revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.36 EPS. equities research analysts anticipate that General Dynamics Corporation will post 9.81 earnings per share for the current year.

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In other news, insider John Patrick Casey sold 34,945 shares of General Dynamics Corporation 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 transaction, the insider now directly owns 144,378 shares in the company, valued at approximately $29,074,841.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 6.70% of the company’s stock.

About General Dynamics Corporation

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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