Legacy Capital Partners Inc. cut its position in shares of General Dynamics Corporation (NYSE:GD) by 2.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,085 shares of the aerospace company’s stock after selling 574 shares during the period. General Dynamics Corporation accounts for 2.1% of Legacy Capital Partners Inc.’s portfolio, making the stock its 15th largest holding. Legacy Capital Partners Inc.’s holdings in General Dynamics Corporation were worth $3,923,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in General Dynamics Corporation by 2,645.5% in the 1st quarter. BlackRock Inc. now owns 15,509,344 shares of the aerospace company’s stock valued at $2,903,351,000 after buying an additional 14,944,453 shares during the last quarter. Janus Henderson Group PLC grew its stake in General Dynamics Corporation by 44,941.4% in the 2nd quarter. Janus Henderson Group PLC now owns 4,998,693 shares of the aerospace company’s stock valued at $990,241,000 after buying an additional 4,987,595 shares during the last quarter. Vanguard Group Inc. grew its stake in General Dynamics Corporation by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 19,799,817 shares of the aerospace company’s stock valued at $3,706,525,000 after buying an additional 894,177 shares during the last quarter. Janus Capital Management LLC grew its stake in General Dynamics Corporation by 22.1% in the 1st quarter. Janus Capital Management LLC now owns 4,148,390 shares of the aerospace company’s stock valued at $776,563,000 after buying an additional 749,793 shares during the last quarter. Finally, Capital Research Global Investors grew its stake in General Dynamics Corporation by 4.5% in the 2nd quarter. Capital Research Global Investors now owns 16,792,408 shares of the aerospace company’s stock valued at $3,326,576,000 after buying an additional 725,896 shares during the last quarter. Institutional investors own 85.22% of the company’s stock.

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In other news, insider John Patrick Casey sold 34,945 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $201.38, for a total transaction of $7,037,224.10. Following the completion of the sale, the insider now owns 144,378 shares of the company’s stock, valued at approximately $29,074,841.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Gregory S. Gallopoulos sold 78,370 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $202.93, for a total transaction of $15,903,624.10. The disclosure for this sale can be found here. Corporate insiders own 6.70% of the company’s stock.

Shares of General Dynamics Corporation (GD) traded up $1.34 during trading on Monday, hitting $199.11. 226,624 shares of the stock were exchanged, compared to its average volume of 1,149,349. General Dynamics Corporation has a 12 month low of $164.97 and a 12 month high of $214.81. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.93 and a current ratio of 1.37. The company has a market cap of $59,050.00, a P/E ratio of 19.64, a PEG ratio of 2.37 and a beta of 0.73.

General Dynamics Corporation (NYSE:GD) last issued its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $2.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.43 by $0.09. General Dynamics Corporation had a net margin of 9.94% and a return on equity of 27.98%. The company had revenue of $7.58 billion during the quarter, compared to the consensus estimate of $7.94 billion. During the same quarter in the prior year, the firm posted $2.36 EPS. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. equities analysts predict that General Dynamics Corporation will post 9.81 earnings per share for the current year.

A number of research analysts recently commented on the stock. Cowen and Company reiterated a “buy” rating and issued a $230.00 price target on shares of General Dynamics Corporation in a research note on Thursday, October 26th. Morgan Stanley assumed coverage on shares of General Dynamics Corporation in a research note on Tuesday, August 8th. They issued an “underweight” rating and a $185.00 price target on the stock. BidaskClub upgraded shares of General Dynamics Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 25th. ValuEngine lowered shares of General Dynamics Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, Zacks Investment Research upgraded shares of General Dynamics Corporation from a “hold” rating to a “buy” rating and set a $238.00 price target on the stock in a research note on Thursday, October 26th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $218.45.

About General Dynamics Corporation

General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.

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

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