Marshwinds Advisory Co. maintained its position in shares of General Dynamics Corp. (NYSE:GD) during the third quarter, Holdings Channel reports. The firm 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 quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of GD. Waters Parkerson & CO. LLC bought a new position in shares of General Dynamics Corp. during the second quarter worth approximately $355,000. Bridgeway Capital Management Inc. raised its position in shares of General Dynamics Corp. by 9.1% in the second quarter. Bridgeway Capital Management Inc. now owns 185,159 shares of the company’s stock worth $25,782,000 after buying an additional 15,500 shares in the last quarter. RS Investment Management Co. LLC bought a new position in shares of General Dynamics Corp. during the second quarter worth approximately $23,540,000. Polaris Greystone Financial Group LLC bought a new position in shares of General Dynamics Corp. during the second quarter worth approximately $13,381,000. Finally, Foundry Partners LLC raised its position in shares of General Dynamics Corp. by 9.0% in the third quarter. Foundry Partners LLC now owns 94,102 shares of the company’s stock worth $14,601,000 after buying an additional 7,786 shares in the last quarter. 87.01% of the stock is currently owned by institutional investors and hedge funds.
Shares of General Dynamics Corp. (NYSE:GD) traded up 0.34% during trading on Monday, reaching $172.67. The company’s stock had a trading volume of 1,835,445 shares. The company has a market cap of $52.48 billion, a PE ratio of 18.48 and a beta of 0.69. General Dynamics Corp. has a 52-week low of $121.61 and a 52-week high of $173.55. The firm’s 50-day moving average is $157.43 and its 200 day moving average is $149.31.
General Dynamics Corp. (NYSE:GD) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.38 by $0.10. The firm had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $7.91 billion. General Dynamics Corp. had a return on equity of 27.68% and a net margin of 9.45%. The business’s revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.28 earnings per share. On average, equities research analysts predict that General Dynamics Corp. will post $9.77 EPS for the current fiscal year.
A number of research analysts have recently commented on GD shares. Jefferies Group reissued a “buy” rating and set a $175.00 price objective (up previously from $167.00) on shares of General Dynamics Corp. in a report on Friday, October 28th. Citigroup Inc. raised their target price on General Dynamics Corp. from $162.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, September 6th. Deutsche Bank AG reaffirmed a “hold” rating on shares of General Dynamics Corp. in a report on Tuesday, October 18th. Vetr lowered 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 lowered General Dynamics Corp. from a “buy” rating to a “hold” rating in a report on Monday, October 17th. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. General Dynamics Corp. presently has an average rating of “Buy” and a consensus price target of $161.37.
In other news, VP Kimberly A. Kuryea sold 4,117 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $154.56, for a total value of $636,323.52. Following the transaction, the vice president now owns 36,412 shares of the company’s stock, valued at $5,627,838.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert W. Helm sold 87,790 shares of the company’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 value of $13,248,388.90. Following the completion of the transaction, the insider now directly owns 157,176 shares in the company, valued at approximately $23,719,430.16. The disclosure for this sale can be found here. Company insiders own 6.80% of the company’s stock.
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.