Foundry Partners LLC increased its stake in General Dynamics Corp. (NYSE:GD) by 9.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,102 shares of the company’s stock after buying an additional 7,786 shares during the period. General Dynamics Corp. accounts for 0.8% of Foundry Partners LLC’s holdings, making the stock its 18th largest position. Foundry Partners LLC’s holdings in General Dynamics Corp. were worth $14,601,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. 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. Compagnie Lombard Odier SCmA increased its stake in shares of General Dynamics Corp. by 820.0% in the second quarter. Compagnie Lombard Odier SCmA now owns 920 shares of the company’s stock valued at $128,000 after buying an additional 820 shares during the period. Bellwether Investment Group LLC bought a new stake in shares of General Dynamics Corp. during the second quarter valued at approximately $136,000. Finally, First New York Securities LLC NY bought a new stake in shares of General Dynamics Corp. during the second quarter valued at approximately $139,000. 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 166.62 on Friday. The company has a market capitalization of $50.64 billion, a PE ratio of 17.83 and a beta of 0.69. General Dynamics Corp. has a 52-week low of $121.61 and a 52-week high of $168.60. The firm’s 50-day moving average is $153.30 and its 200-day moving average is $147.30.

General Dynamics Corp. (NYSE:GD) last issued its earnings results on Wednesday, October 26th. The company reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $7.73 billion for the quarter, compared to analyst estimates of $7.91 billion. During the same period in the prior year, the firm earned $2.28 earnings per share. General Dynamics Corp.’s revenue for the quarter was down 3.3% on a year-over-year basis. On average, equities research analysts forecast that General Dynamics Corp. will post $9.77 EPS for the current year.

Several brokerages have commented on GD. Vetr downgraded shares of General Dynamics Corp. from a “strong-buy” rating to a “buy” rating and set a $168.30 target price on the stock. in a report on Monday, November 7th. Jefferies Group restated a “buy” rating and set a $175.00 target price (up from $167.00) on shares of General Dynamics Corp. in a report on Friday, October 28th. Zacks Investment Research upgraded shares of General Dynamics Corp. from a “hold” rating to a “buy” rating and set a $168.00 target price on the stock in a report on Friday, October 28th. Robert W. Baird started coverage on shares of General Dynamics Corp. in a report on Thursday, October 6th. They set an “outperform” rating and a $181.00 target price on the stock. Finally, Vertical Research started coverage on shares of General Dynamics Corp. in a report on Friday, October 28th. They issued a “buy” rating and a $176.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $160.02.

In related news, insider Robert W. Helm sold 87,790 shares of the stock in a transaction on Monday, September 12th. The stock was sold at an average price of $150.91, for a total value of $13,248,388.90. Following the completion of the sale, the insider now directly owns 157,176 shares of the company’s stock, valued at approximately $23,719,430.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Robert W. Helm sold 149,910 shares of the stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $152.43, for a total value of $22,850,781.30. Following the completion of the sale, the insider now directly owns 108,119 shares of the company’s stock, valued at $16,480,579.17. 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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