Korea Investment CORP cut its holdings in shares of General Dynamics Corporation (NYSE:GD) by 3.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 256,603 shares of the aerospace company’s stock after selling 9,600 shares during the period. Korea Investment CORP owned about 0.09% of General Dynamics Corporation worth $52,752,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Pathstone Family Office LLC grew its stake in shares of General Dynamics Corporation by 100.0% during the second quarter. Pathstone Family Office LLC now owns 24 shares of the aerospace company’s stock valued at $4,754,000 after acquiring an additional 12 shares in the last quarter. Vantage Investment Advisors LLC grew its stake in shares of General Dynamics Corporation by 9.3% during the second quarter. Vantage Investment Advisors LLC now owns 585 shares of the aerospace company’s stock valued at $116,000 after acquiring an additional 50 shares in the last quarter. Ruggie Capital Group acquired a new position in General Dynamics Corporation in the first quarter worth about $119,000. Quadrant Capital Group LLC grew its stake in General Dynamics Corporation by 6.1% in the second quarter. Quadrant Capital Group LLC now owns 645 shares of the aerospace company’s stock worth $110,000 after purchasing an additional 37 shares in the last quarter. Finally, Captrust Financial Advisors acquired a new position in General Dynamics Corporation in the second quarter worth about $129,000. Institutional investors own 86.32% of the company’s stock.
Shares of General Dynamics Corporation (NYSE:GD) opened at $199.77 on Friday. The stock has a market cap of $59,379.18, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 2.38 and a beta of 0.73. General Dynamics Corporation has a 52 week low of $164.09 and a 52 week 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.
General Dynamics Corporation (NYSE:GD) last issued its earnings results on Wednesday, October 25th. The aerospace company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.09. The company had revenue of $7.58 billion during the quarter, compared to analyst estimates of $7.94 billion. General Dynamics Corporation had a net margin of 9.94% and a return on equity of 27.98%. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter last year, the business posted $2.36 EPS. equities research analysts expect that General Dynamics Corporation will post 9.81 earnings per share for the current fiscal year.
GD has been the subject of a number of research reports. Stifel Nicolaus lifted their price target on General Dynamics Corporation from $200.00 to $210.00 and gave the stock a “hold” rating in a research note on Thursday, October 26th. Zacks Investment Research cut shares of General Dynamics Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Deutsche Bank AG reissued 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 raised shares of General Dynamics Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, BidaskClub raised shares of General Dynamics Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $217.19.
In related news, VP Gregory S. Gallopoulos sold 78,370 shares of General Dynamics Corporation stock in a transaction on Monday, November 6th. The shares were sold at an average price of $202.93, for a total value of $15,903,624.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Patrick Casey sold 34,945 shares of General Dynamics Corporation stock in a transaction on 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 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. Company insiders own 6.70% of the company’s stock.
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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.
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