Marshwinds Advisory Co. held its position in General Dynamics Corp. (NYSE:GD) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,675 shares of the company’s stock at the end of the third quarter. Marshwinds Advisory Co.’s holdings in General Dynamics Corp. were worth $2,277,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of GD. Jacobs Levy Equity Management Inc. increased its stake 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 period. Ladenburg Thalmann Financial Services Inc. increased its stake in 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 worth $2,131,000 after buying an additional 1,203 shares during the period. First Republic Investment Management Inc. increased its stake in General Dynamics Corp. by 43.3% in the first quarter. First Republic Investment Management Inc. now owns 20,045 shares of the company’s stock worth $2,634,000 after buying an additional 6,056 shares during the period. Fulton Bank N.A. acquired a new stake in General Dynamics Corp. during the second quarter worth approximately $293,000. Finally, New England Research & Management Inc. increased its stake in General Dynamics Corp. by 25.0% in the second quarter. New England Research & Management Inc. now owns 2,750 shares of the company’s stock worth $383,000 after buying an additional 550 shares during the period. Hedge funds and other institutional investors own 87.01% of the company’s stock.

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

General Dynamics Corp. (NYSE:GD) traded up 0.34% during mid-day trading on Monday, reaching $172.67. The company’s stock had a trading volume of 1,835,445 shares. The firm has a market capitalization of $52.48 billion, a price-to-earnings ratio of 18.48 and a beta of 0.69. The firm has a 50-day moving average of $157.43 and a 200 day moving average of $149.31. General Dynamics Corp. has a 1-year low of $121.61 and a 1-year high of $173.55.

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

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GD has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded General Dynamics Corp. from a “buy” rating to a “hold” rating in a report on Monday, October 17th. Vetr downgraded General Dynamics Corp. from a “strong-buy” rating to a “buy” rating and set a $168.30 target price for the company. in a report on Monday, October 24th. Robert W. Baird initiated coverage on General Dynamics Corp. in a report on Thursday, October 6th. They issued an “outperform” rating and a $181.00 target price for the company. Deutsche Bank AG reissued a “hold” rating on shares of General Dynamics Corp. in a report on Tuesday, October 18th. Finally, Citigroup Inc. lifted their price target on General Dynamics Corp. from $162.00 to $185.00 and gave the stock a “buy” rating in a research note on Tuesday, September 6th. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $161.37.

In other news, VP Kimberly A. Kuryea sold 4,117 shares of the company’s stock in a transaction 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 directly owns 36,412 shares of the company’s stock, valued at $5,627,838.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Robert W. Helm sold 87,790 shares of the company’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 sale, the insider now directly 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 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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