Gulf International Bank UK Ltd continued to hold its position in shares of General Dynamics Corp. (NYSE:GD) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,389 shares of the company’s stock at the end of the third quarter. Gulf International Bank UK Ltd’s holdings in General Dynamics Corp. were worth $12,473,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of the stock. Central Bank & Trust Co. raised its position in shares of General Dynamics Corp. by 6.7% in the third quarter. Central Bank & Trust Co. now owns 651 shares of the company’s stock worth $101,000 after buying an additional 41 shares during the last quarter. WFG Advisors LP raised its position 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 worth $105,000 after buying an additional 2 shares during the last quarter. Signaturefd LLC raised its position in shares of General Dynamics Corp. by 5.7% in the second quarter. Signaturefd LLC now owns 818 shares of the company’s stock worth $114,000 after buying an additional 44 shares during the last quarter. Compagnie Lombard Odier SCmA raised its position 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 worth $128,000 after buying an additional 820 shares during the last quarter. Finally, Bellwether Investment Group LLC purchased a new position in shares of General Dynamics Corp. during the second quarter worth about $136,000. 87.01% of the stock is owned by hedge funds and other institutional investors.

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

General Dynamics Corp. (NYSE:GD) traded up 0.34% during trading on Monday, reaching $172.67. 1,176,480 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $156.87 and a 200-day moving average price of $149.06. General Dynamics Corp. has a 12 month low of $121.61 and a 12 month high of $173.55. The firm has a market cap of $52.48 billion, a PE ratio of 18.48 and a beta of 0.69.

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

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A number of equities research analysts have recently commented on GD shares. Vetr downgraded 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 reiterated a “buy” rating and set a $175.00 price objective (up previously from $167.00) on shares of General Dynamics Corp. in a research report on Friday, October 28th. Sanford C. Bernstein upgraded General Dynamics Corp. from a “market perform” rating to an “outperform” rating and set a $180.00 price objective for the company in a research report on Wednesday, August 10th. They noted that the move was a valuation call. Zacks Investment Research downgraded General Dynamics Corp. from a “buy” rating to a “hold” rating in a research report on Monday, November 14th. Finally, Argus increased their price objective on General Dynamics Corp. from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, August 2nd. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $161.37.

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