General Dynamics Corporation (GD) Holdings Boosted by Bank of Stockton

Bank of Stockton grew its position in shares of General Dynamics Corporation (NYSE:GD) by 32.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,715 shares of the aerospace company’s stock after buying an additional 915 shares during the quarter. Bank of Stockton’s holdings in General Dynamics Corporation were worth $763,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Pathstone Family Office LLC lifted its position in shares of General Dynamics Corporation by 100.0% during the 2nd quarter. Pathstone Family Office LLC now owns 24 shares of the aerospace company’s stock worth $4,754,000 after buying an additional 12 shares in the last quarter. Vantage Investment Advisors LLC lifted its position in shares of General Dynamics Corporation by 9.3% during the 2nd quarter. Vantage Investment Advisors LLC now owns 585 shares of the aerospace company’s stock worth $116,000 after buying an additional 50 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of General Dynamics Corporation by 6.1% during the 2nd quarter. Quadrant Capital Group LLC now owns 645 shares of the aerospace company’s stock worth $110,000 after buying an additional 37 shares in the last quarter. Captrust Financial Advisors bought a new position in shares of General Dynamics Corporation during the 2nd quarter worth approximately $129,000. Finally, WFG Advisors LP lifted its position in shares of General Dynamics Corporation by 0.3% during the 2nd quarter. WFG Advisors LP now owns 668 shares of the aerospace company’s stock worth $132,000 after buying an additional 2 shares in the last quarter. 85.79% of the stock is currently owned by hedge funds and other institutional investors.

GD has been the subject of several research analyst reports. BidaskClub upgraded shares of General Dynamics Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Jefferies Group LLC restated a “buy” rating on shares of General Dynamics Corporation in a research note on Friday, August 11th. ValuEngine lowered shares of General Dynamics Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Morgan Stanley initiated 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 objective for the company. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $210.00 price objective (up from $200.00) on shares of General Dynamics Corporation in a research note on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the stock. General Dynamics Corporation presently has an average rating of “Hold” and a consensus price target of $217.19.

In related news, 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 transaction of $15,903,624.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John Patrick Casey sold 34,945 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 144,378 shares in the company, valued at approximately $29,074,841.64. The disclosure for this sale can be found here. 6.70% of the stock is currently owned by insiders.

General Dynamics Corporation (NYSE:GD) traded up $0.26 during mid-day trading on Tuesday, hitting $200.39. 356,510 shares of the company’s stock were exchanged, compared to its average volume of 1,153,220. General Dynamics Corporation has a 12-month low of $164.97 and a 12-month high of $214.81. The stock has a market capitalization of $59,880.00, a PE ratio of 19.84, a price-to-earnings-growth ratio of 2.39 and a beta of 0.73. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.37 and a quick ratio of 0.93.

General Dynamics Corporation (NYSE:GD) last released its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $7.58 billion for the quarter, compared to analysts’ expectations of $7.94 billion. During the same quarter in the previous year, the company earned $2.36 earnings per share. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. research analysts expect that General Dynamics Corporation will post 9.81 EPS for the current fiscal year.

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General Dynamics Corporation Profile

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.

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

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