Caisse DE Depot ET Placement DU Quebec lifted its position in shares of General Dynamics Corporation (NYSE:GD) by 2,097.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,711,597 shares of the aerospace company’s stock after purchasing an additional 1,633,700 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.57% of General Dynamics worth $353,351,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. WFG Advisors LP raised its stake in General Dynamics by 0.3% during the second quarter. WFG Advisors LP now owns 668 shares of the aerospace company’s stock valued at $132,000 after buying an additional 2 shares during the last quarter. YorkBridge Wealth Partners LLC raised its stake in General Dynamics by 0.5% during the second quarter. YorkBridge Wealth Partners LLC now owns 992 shares of the aerospace company’s stock valued at $198,000 after buying an additional 5 shares during the last quarter. Aviance Capital Management LLC raised its stake in General Dynamics by 0.3% during the first quarter. Aviance Capital Management LLC now owns 3,695 shares of the aerospace company’s stock valued at $692,000 after buying an additional 10 shares during the last quarter. Connecticut Wealth Management LLC raised its stake in General Dynamics by 0.6% during the second quarter. Connecticut Wealth Management LLC now owns 2,086 shares of the aerospace company’s stock valued at $419,000 after buying an additional 12 shares during the last quarter. Finally, Pathstone Family Office LLC raised its stake in General Dynamics by 100.0% during the second quarter. Pathstone Family Office LLC now owns 24 shares of the aerospace company’s stock valued at $4,754,000 after buying an additional 12 shares during the last quarter. Institutional investors own 86.87% of the company’s stock.

In other General Dynamics news, insider John Patrick Casey sold 34,945 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was 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 $29,074,841.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Gregory S. Gallopoulos sold 78,370 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $202.93, for a total value of $15,903,624.10. The disclosure for this sale can be found here. Insiders own 6.70% of the company’s stock.

Shares of General Dynamics Corporation (NYSE GD) traded down $0.95 on Tuesday, hitting $201.69. The company had a trading volume of 1,705,900 shares, compared to its average volume of 1,150,014. The company has a quick ratio of 0.93, a current ratio of 1.37 and a debt-to-equity ratio of 0.34. General Dynamics Corporation has a one year low of $168.00 and a one year high of $214.81. The company has a market capitalization of $60,210.00, a price-to-earnings ratio of 20.12, a P/E/G ratio of 2.43 and a beta of 0.72.

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

A number of research analysts have issued reports on the company. Morgan Stanley assumed coverage on General Dynamics in a research note on Tuesday, August 8th. They set an “underweight” rating and a $185.00 price objective for the company. Jefferies Group restated a “buy” rating on shares of General Dynamics in a research note on Friday, August 11th. Citigroup restated a “neutral” rating and issued a $210.00 price target (up previously from $207.00) on shares of General Dynamics in a research note on Friday, August 11th. Zacks Investment Research cut General Dynamics from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Finally, Cowen restated a “buy” rating and issued a $230.00 price target on shares of General Dynamics in a research note on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $218.45.

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About General Dynamics

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 (NYSE:GD)

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