Northwestern Mutual Investment Management Company LLC cut its position in General Dynamics Corp. (NYSE:GD) by 28.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 126,386 shares of the company’s stock after selling 50,337 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in General Dynamics Corp. were worth $17,598,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the company. AXA boosted its position in General Dynamics Corp. by 175.0% in the first quarter. AXA now owns 5,500 shares of the company’s stock worth $723,000 after buying an additional 3,500 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in General Dynamics Corp. by 55.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 4,570 shares of the company’s stock worth $600,000 after buying an additional 1,630 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in General Dynamics Corp. during the first quarter worth about $654,000. LPL Financial LLC boosted its position in General Dynamics Corp. by 9.6% in the first quarter. LPL Financial LLC now owns 64,019 shares of the company’s stock worth $8,376,000 after buying an additional 5,591 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in General Dynamics Corp. by 2.2% in the first quarter. Royal Bank of Canada now owns 824,808 shares of the company’s stock worth $108,356,000 after buying an additional 17,376 shares during the last quarter. Hedge funds and other institutional investors own 88.98% of the company’s stock.

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

General Dynamics Corp. (NYSE:GD) opened at 168.55 on Monday. The company’s 50-day moving average price is $153.30 and its 200 day moving average price is $147.30. The firm has a market capitalization of $51.23 billion, a price-to-earnings ratio of 18.04 and a beta of 0.69. General Dynamics Corp. has a 12 month low of $121.61 and a 12 month high of $168.60.

General Dynamics Corp. (NYSE:GD) last released its quarterly earnings results on Wednesday, October 26th. The company reported $2.48 EPS for the quarter, topping the 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 earned $7.73 billion during the quarter, compared to analyst estimates of $7.91 billion. During the same period last year, the business posted $2.28 earnings per share. The company’s quarterly revenue was down 3.3% on a year-over-year basis. Analysts predict that General Dynamics Corp. will post $9.77 EPS for the current year.

A number of research firms recently issued reports on GD. 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 report on Monday, November 7th. Jefferies Group restated a “buy” rating and set a $175.00 price objective (up previously from $167.00) on shares of General Dynamics Corp. in a report on Friday, October 28th. Zacks Investment Research upgraded General Dynamics Corp. from a “hold” rating to a “buy” rating and set a $168.00 price objective for the company in a report on Friday, October 28th. Robert W. Baird began coverage on General Dynamics Corp. in a report on Thursday, October 6th. They set an “outperform” rating and a $181.00 price objective for the company. Finally, Vertical Research began coverage on General Dynamics Corp. in a report on Friday, October 28th. They set a “buy” rating and a $176.00 price objective for the company. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. General Dynamics Corp. presently has an average rating of “Buy” and a consensus target price of $160.02.

In other news, insider Robert W. Helm sold 87,790 shares of the firm’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $150.91, for a total transaction of $13,248,388.90. Following the completion of the transaction, the insider now directly owns 157,176 shares in the company, valued at $23,719,430.16. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Kimberly A. Kuryea sold 4,117 shares of the firm’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $154.56, for a total value of $636,323.52. Following the transaction, the vice president now owns 36,412 shares of the company’s stock, valued at $5,627,838.72. The disclosure for this sale can be found here. Insiders own 6.80% of the company’s stock.

About General Dynamics Corp.

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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