Tompkins Financial Corp decreased its position in shares of General Dynamics Corp. (NYSE:GD) by 4.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,289 shares of the company’s stock after selling 601 shares during the period. Tompkins Financial Corp’s holdings in General Dynamics Corp. were worth $2,061,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. increased 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. Ladenburg Thalmann Financial Services Inc. increased 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. First Republic Investment Management Inc. increased its position in shares of 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 valued at $2,634,000 after buying an additional 6,056 shares during the last quarter. Fulton Bank N.A. acquired a new position in shares of General Dynamics Corp. during the second quarter valued at approximately $293,000. Finally, New England Research & Management Inc. increased its position in shares of 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 valued at $383,000 after buying an additional 550 shares during the last quarter. 87.01% of the stock is currently owned by institutional investors.

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

Shares of General Dynamics Corp. (NYSE:GD) traded up 1.42% during trading on Tuesday, hitting $175.13. 1,640,310 shares of the stock traded hands. General Dynamics Corp. has a 1-year low of $121.61 and a 1-year high of $175.70. The firm has a 50-day moving average of $157.56 and a 200-day moving average of $149.35. The firm has a market capitalization of $53.23 billion, a price-to-earnings ratio of 18.74 and a beta of 0.69.

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

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Several research analysts have recently commented on GD shares. Jefferies Group reissued a “buy” rating and issued a $175.00 target price (up from $167.00) on shares of General Dynamics Corp. in a report on Friday, October 28th. Citigroup Inc. boosted their target price on General Dynamics Corp. from $162.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, September 6th. Deutsche Bank AG reissued a “hold” rating on shares of General Dynamics Corp. in a report on Tuesday, October 18th. Vetr downgraded 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. Finally, Zacks Investment Research downgraded General Dynamics Corp. from a “buy” rating to a “hold” rating in a report on Monday, October 17th. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. General Dynamics Corp. has a consensus rating of “Buy” and an average target price of $161.37.

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