Hays Advisory LLC lowered its stake in shares of General Dynamics Corp. (NYSE:GD) by 9.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 47,243 shares of the company’s stock after selling 4,948 shares during the period. General Dynamics Corp. makes up about 1.2% of Hays Advisory LLC’s portfolio, making the stock its 20th largest position. Hays Advisory LLC’s holdings in General Dynamics Corp. were worth $7,330,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the stock. AXA raised its position in shares of General Dynamics Corp. by 175.0% in the first quarter. AXA now owns 5,500 shares of the company’s stock valued at $723,000 after buying an additional 3,500 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of 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 valued at $600,000 after buying an additional 1,630 shares during the last quarter. Royal Bank of Canada raised its position in shares of General Dynamics Corp. by 2.2% in the first quarter. Royal Bank of Canada now owns 824,808 shares of the company’s stock valued at $108,356,000 after buying an additional 17,376 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in shares of General Dynamics Corp. by 8.0% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,215 shares of the company’s stock valued at $2,131,000 after buying an additional 1,203 shares during the last quarter. Finally, Euclid Advisors LLC raised its position in shares of General Dynamics Corp. by 592.5% in the first quarter. Euclid Advisors LLC now owns 99,573 shares of the company’s stock valued at $13,081,000 after buying an additional 85,195 shares during the last quarter. 88.38% of the stock is owned by institutional investors and hedge funds.

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

Shares of General Dynamics Corp. (NYSE:GD) traded up 1.09% on Monday, reaching $168.43. The company’s stock had a trading volume of 1,523,992 shares. General Dynamics Corp. has a 1-year low of $121.61 and a 1-year high of $171.19. The company has a 50 day moving average of $155.01 and a 200 day moving average of $148.36. The stock has a market capitalization of $51.19 billion, a P/E ratio of 18.03 and a beta of 0.69.

General Dynamics Corp. (NYSE:GD) last issued its quarterly earnings data on Wednesday, October 26th. The company reported $2.48 earnings per share for the quarter, beating 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 company earned $7.73 billion during the quarter, compared to analysts’ expectations of $7.91 billion. During the same quarter in the previous year, the business earned $2.28 earnings per share. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. Equities research analysts expect that General Dynamics Corp. will post $9.77 earnings per share for the current fiscal year.

Several equities analysts recently commented on the stock. Argus increased their price objective on shares of General Dynamics Corp. from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, August 2nd. Jefferies Group reiterated a “buy” rating on shares of General Dynamics Corp. in a report on Wednesday, August 3rd. Sanford C. Bernstein upgraded shares of General Dynamics Corp. from a “market perform” rating to an “outperform” rating and set a $180.00 price target on the stock in a report on Wednesday, August 10th. They noted that the move was a valuation call. Vertical Research assumed coverage on shares of General Dynamics Corp. in a report on Friday, October 28th. They issued a “buy” rating and a $176.00 price target on the stock. Finally, Vetr downgraded shares of General Dynamics Corp. from a “strong-buy” rating to a “buy” rating and set a $168.30 price target on the stock. in a report on Monday, October 24th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $160.02.

In other news, VP Kimberly A. Kuryea sold 4,117 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $154.56, for a total transaction of $636,323.52. Following the completion of the sale, the vice president now owns 36,412 shares in the company, valued at $5,627,838.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert W. Helm sold 87,790 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 157,176 shares of the company’s stock, valued at approximately $23,719,430.16. The disclosure for this sale can be found here. 6.80% of the stock is owned by company insiders.

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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