United Asset Strategies Inc. lowered its position in General Dynamics Corporation (NYSE:GD) by 6.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,981 shares of the aerospace company’s stock after selling 1,985 shares during the period. General Dynamics Corporation accounts for 3.1% of United Asset Strategies Inc.’s portfolio, making the stock its 7th largest holding. United Asset Strategies Inc.’s holdings in General Dynamics Corporation were worth $5,547,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of GD. Smith Moore & CO. increased its holdings in shares of General Dynamics Corporation by 89.5% in the third quarter. Smith Moore & CO. now owns 2,539 shares of the aerospace company’s stock valued at $522,000 after purchasing an additional 1,199 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of General Dynamics Corporation by 90.2% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,687 shares of the aerospace company’s stock valued at $347,000 after purchasing an additional 800 shares in the last quarter. Klingenstein Fields & Co. LLC increased its holdings in shares of General Dynamics Corporation by 19.2% in the third quarter. Klingenstein Fields & Co. LLC now owns 5,700 shares of the aerospace company’s stock valued at $1,172,000 after purchasing an additional 920 shares in the last quarter. WealthTrust Axiom LLC acquired a new stake in shares of General Dynamics Corporation in the third quarter valued at approximately $207,000. Finally, Watch Point Trust Co increased its holdings in shares of General Dynamics Corporation by 60.5% in the third quarter. Watch Point Trust Co now owns 1,765 shares of the aerospace company’s stock valued at $363,000 after purchasing an additional 665 shares in the last quarter. Institutional investors own 86.32% of the company’s stock.

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A number of analysts recently weighed in on GD shares. Berenberg Bank started coverage on shares of General Dynamics Corporation in a report on Wednesday, July 12th. They issued a “buy” rating and a $230.00 price target for the company. BidaskClub raised shares of General Dynamics Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research raised shares of General Dynamics Corporation from a “hold” rating to a “buy” rating and set a $230.00 target price for the company in a report on Monday, October 2nd. ValuEngine raised shares of General Dynamics Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Jefferies Group LLC reaffirmed a “buy” rating on shares of General Dynamics Corporation in a report on Friday, August 11th. 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 stock. General Dynamics Corporation has an average rating of “Hold” and a consensus target price of $217.19.

Shares of General Dynamics Corporation (NYSE GD) traded down $1.69 during midday trading on Tuesday, hitting $202.37. 739,942 shares of the stock were exchanged, compared to its average volume of 963,345. The company has a market capitalization of $60,580.00, 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 $150.90 and a 52 week high of $214.81. The company has a current ratio of 1.37, a quick ratio of 0.93 and a debt-to-equity ratio of 0.34.

General Dynamics Corporation (NYSE:GD) last announced its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarterly revenue was down 1.0% compared to the same quarter last year. During the same period last year, the firm posted $2.36 earnings per share. analysts forecast that General Dynamics Corporation will post 9.81 EPS for the current fiscal year.

In related news, insider John Patrick Casey sold 34,945 shares of the business’s stock in a transaction on 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 sale, the insider now directly owns 144,378 shares of the company’s stock, valued at approximately $29,074,841.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 6.70% of the company’s stock.

General Dynamics Corporation Company 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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