Strategy Asset Managers LLC lessened its stake in shares of General Dynamics Corporation (NYSE:GD) by 1.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,338 shares of the aerospace company’s stock after selling 1,072 shares during the quarter. General Dynamics Corporation comprises about 2.3% of Strategy Asset Managers LLC’s investment portfolio, making the stock its 14th biggest holding. Strategy Asset Managers LLC’s holdings in General Dynamics Corporation were worth $11,171,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of GD. Twin Tree Management LP acquired a new position in General Dynamics Corporation in the first quarter worth approximately $2,719,000. Royce & Associates LP grew its position in General Dynamics Corporation by 48.5% during the 1st quarter. Royce & Associates LP now owns 24,500 shares of the aerospace company’s stock worth $4,586,000 after purchasing an additional 8,000 shares in the last quarter. Marietta Investment Partners LLC grew its position in General Dynamics Corporation by 1.0% during the 1st quarter. Marietta Investment Partners LLC now owns 9,606 shares of the aerospace company’s stock worth $1,798,000 after purchasing an additional 92 shares in the last quarter. Stephens Inc. AR grew its position in General Dynamics Corporation by 7.8% during the 1st quarter. Stephens Inc. AR now owns 4,837 shares of the aerospace company’s stock worth $905,000 after purchasing an additional 350 shares in the last quarter. Finally, Good Life Advisors LLC grew its position in General Dynamics Corporation by 3.4% during the 1st quarter. Good Life Advisors LLC now owns 1,394 shares of the aerospace company’s stock worth $260,000 after purchasing an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 85.79% of the company’s stock.

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Several equities analysts have weighed in on the stock. Zacks Investment Research cut shares of General Dynamics Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. Citigroup Inc. reissued a “neutral” rating and set a $215.00 target price (up previously from $210.00) on shares of General Dynamics Corporation in a research note on Monday, October 9th. ValuEngine lowered shares of General Dynamics Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Cowen and Company reissued a “buy” rating and set a $230.00 target price on shares of General Dynamics Corporation in a research note on Thursday, October 19th. Finally, Stifel Nicolaus lifted their target price on shares of General Dynamics Corporation from $200.00 to $210.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $217.19.

In other General Dynamics Corporation news, insider John Patrick Casey sold 34,945 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were 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 $29,074,841.64. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Gregory S. Gallopoulos sold 78,370 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $202.93, for a total transaction of $15,903,624.10. The disclosure for this sale can be found here. Insiders own 6.70% of the company’s stock.

General Dynamics Corporation (GD) traded up $0.36 during trading hours on Tuesday, hitting $200.13. 912,100 shares of the stock traded hands, compared to its average volume of 1,153,220. General Dynamics Corporation has a one year low of $164.97 and a one year high of $214.81. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.93 and a current ratio of 1.37. The company has a market cap of $59,880.00, a P/E ratio of 19.84, a price-to-earnings-growth ratio of 2.39 and a beta of 0.73.

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

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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