Bridgeway Capital Management Inc. increased its stake in General Dynamics Corp. (NYSE:GD) by 9.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 185,159 shares of the company’s stock after buying an additional 15,500 shares during the period. Bridgeway Capital Management Inc. owned approximately 0.06% of General Dynamics Corp. worth $25,782,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of GD. WFG Advisors LP increased its stake in shares of General Dynamics Corp. by 0.3% in the second quarter. WFG Advisors LP now owns 753 shares of the company’s stock valued at $105,000 after buying an additional 2 shares during the period. Signaturefd LLC increased its stake in shares of General Dynamics Corp. by 5.7% in the second quarter. Signaturefd LLC now owns 818 shares of the company’s stock valued at $114,000 after buying an additional 44 shares during the period. First New York Securities LLC NY bought a new stake in shares of General Dynamics Corp. during the second quarter valued at $139,000. Carroll Financial Associates Inc. increased its stake in shares of General Dynamics Corp. by 3.2% in the second quarter. Carroll Financial Associates Inc. now owns 1,283 shares of the company’s stock valued at $178,000 after buying an additional 40 shares during the period. Finally, Sunbelt Securities Inc. increased its stake in shares of General Dynamics Corp. by 0.5% in the second quarter. Sunbelt Securities Inc. now owns 1,375 shares of the company’s stock valued at $191,000 after buying an additional 7 shares during the period. Institutional investors own 87.70% of the company’s stock.

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

Shares of General Dynamics Corp. (NYSE:GD) traded up 1.23% during trading on Friday, hitting $168.55. The stock had a trading volume of 1,725,623 shares. The firm has a market cap of $51.23 billion, a P/E ratio of 18.04 and a beta of 0.69. The firm’s 50-day moving average is $153.30 and its 200-day moving average is $147.30. General Dynamics Corp. has a one year low of $121.61 and a one year high of $168.60.

General Dynamics Corp. (NYSE:GD) last announced its earnings results on Wednesday, October 26th. The company reported $2.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.38 by $0.10. General Dynamics Corp. had a return on equity of 27.68% and a net margin of 9.45%. The business had revenue of $7.73 billion for the quarter, compared to analyst estimates of $7.91 billion. During the same period in the previous year, the company earned $2.28 earnings per share. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. Equities research analysts forecast that General Dynamics Corp. will post $9.77 EPS for the current year.

GD has been the subject of several analyst reports. Vetr cut General Dynamics Corp. from a “strong-buy” rating to a “buy” rating and set a $168.30 price objective for the company. in a research report on Monday, November 7th. Jefferies Group reaffirmed a “buy” rating and set a $175.00 price objective (up from $167.00) on shares of General Dynamics Corp. in a research report on Friday, October 28th. Zacks Investment Research raised General Dynamics Corp. from a “hold” rating to a “buy” rating and set a $168.00 price objective for the company in a research report on Friday, October 28th. Robert W. Baird initiated coverage on General Dynamics Corp. in a research report on Thursday, October 6th. They set an “outperform” rating and a $181.00 price objective for the company. Finally, Vertical Research initiated coverage on General Dynamics Corp. in a research report on Friday, October 28th. They set a “buy” rating and a $176.00 price objective for the company. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. General Dynamics Corp. has a consensus rating of “Buy” and a consensus target price of $160.02.

In related news, VP Kimberly A. Kuryea sold 4,117 shares of General Dynamics Corp. stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $154.56, for a total value of $636,323.52. Following the completion of the transaction, the vice president now directly owns 36,412 shares in the company, valued at $5,627,838.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert W. Helm sold 87,790 shares of General Dynamics Corp. stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $150.91, for a total value of $13,248,388.90. Following the completion of the transaction, the insider now owns 157,176 shares of the company’s stock, valued at $23,719,430.16. The disclosure for this sale can be found here. 6.80% of the stock is owned by corporate insiders.

General Dynamics Corp. Company Profile

General Dynamics Corporation is an aerospace and defense company that offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions and information technology (IT) services, and shipbuilding.

5 Day Chart for NYSE:GD

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