First Quadrant L P CA lessened its position in General Dynamics Corporation (NYSE:GD) by 25.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,998 shares of the aerospace company’s stock after selling 999 shares during the period. First Quadrant L P CA’s holdings in General Dynamics Corporation were worth $616,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC lifted its stake in shares of General Dynamics Corporation by 6.1% in the 2nd quarter. Quadrant Capital Group LLC now owns 645 shares of the aerospace company’s stock worth $110,000 after acquiring an additional 37 shares during the period. Vantage Investment Advisors LLC lifted its stake in shares of General Dynamics Corporation by 9.3% in the 2nd quarter. Vantage Investment Advisors LLC now owns 585 shares of the aerospace company’s stock worth $116,000 after acquiring an additional 50 shares during the period. Captrust Financial Advisors acquired a new stake in shares of General Dynamics Corporation in the 2nd quarter worth $129,000. WFG Advisors LP lifted its stake 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 acquiring an additional 2 shares during the period. Finally, Zions Bancorporation lifted its stake 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 acquiring an additional 4 shares during the period. Institutional investors own 86.05% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.watchlistnews.com/general-dynamics-corporation-gd-stake-lowered-by-first-quadrant-l-p-ca/1680410.html.

Several analysts have recently commented on the stock. BidaskClub upgraded shares of General Dynamics Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Jefferies Group LLC reiterated a “buy” rating on shares of General Dynamics Corporation in a research note on Friday, August 11th. Cowen and Company reiterated a “buy” rating and issued a $230.00 price objective on shares of General Dynamics Corporation in a research note on Thursday, October 26th. ValuEngine cut shares of General Dynamics Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, Zacks Investment Research upgraded shares of General Dynamics Corporation from a “hold” rating to a “buy” rating and set a $238.00 price objective for the company in a research note 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 assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $217.19.

In other General Dynamics Corporation news, insider John Patrick Casey sold 34,945 shares of General Dynamics Corporation stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $201.38, for a total transaction of $7,037,224.10. Following the completion of the transaction, the insider now owns 144,378 shares in the company, valued at $29,074,841.64. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 6.70% of the company’s stock.

General Dynamics Corporation (NYSE:GD) opened at $204.06 on Friday. 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 stock has a market cap of $60,928.85, a PE ratio of 20.26, a price-to-earnings-growth ratio of 2.45 and a beta of 0.73. General Dynamics Corporation has a 52-week low of $149.66 and a 52-week high of $214.81.

General Dynamics Corporation (NYSE:GD) last announced its earnings results on Wednesday, October 25th. The aerospace company reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.09. The company had revenue of $7.58 billion during 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 firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.36 earnings per share. equities analysts expect that General Dynamics Corporation will post 9.81 EPS for the current year.

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.

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

Receive News & Ratings for General Dynamics Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Dynamics Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.