Autus Asset Management LLC Has $4.93 Million Holdings in General Dynamics Corporation (GD)

Autus Asset Management LLC raised its position in General Dynamics Corporation (NYSE:GD) by 4.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,992 shares of the aerospace company’s stock after buying an additional 973 shares during the period. Autus Asset Management LLC’s holdings in General Dynamics Corporation were worth $4,933,000 at the end of the most recent quarter.

Other large 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 second quarter. Pathstone Family Office LLC now owns 24 shares of the aerospace company’s stock worth $4,754,000 after purchasing an additional 12 shares during the last quarter. Vantage Investment Advisors LLC lifted its position in shares of General Dynamics Corporation by 9.3% during the second quarter. Vantage Investment Advisors LLC now owns 585 shares of the aerospace company’s stock worth $116,000 after purchasing an additional 50 shares during the last quarter. Quadrant Capital Group LLC lifted its position in shares of General Dynamics Corporation by 6.1% during the second quarter. Quadrant Capital Group LLC now owns 645 shares of the aerospace company’s stock worth $110,000 after purchasing an additional 37 shares during the last quarter. Captrust Financial Advisors bought a new position in shares of General Dynamics Corporation during the second quarter worth about $129,000. Finally, WFG Advisors LP lifted its position in shares of General Dynamics Corporation by 0.3% during the second quarter. WFG Advisors LP now owns 668 shares of the aerospace company’s stock worth $132,000 after purchasing an additional 2 shares during the last quarter. 85.22% of the stock is owned by institutional investors.

Several equities analysts have recently commented on the stock. Royal Bank Of Canada set a $239.00 price target on shares of General Dynamics Corporation and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Zacks Investment Research cut shares of General Dynamics Corporation from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Cowen and Company reaffirmed a “buy” rating and set a $230.00 price target on shares of General Dynamics Corporation in a research report on Thursday, October 26th. Jefferies Group LLC reaffirmed a “buy” rating and set a $236.00 price target on shares of General Dynamics Corporation in a research report on Thursday, October 26th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $238.00 target price (up previously from $216.00) on shares of General Dynamics Corporation in a report on Thursday, October 26th. Two equities research 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 has a consensus rating of “Hold” and an average target price of $218.45.

In related news, insider John Patrick Casey sold 34,945 shares of the firm’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 transaction, the insider now owns 144,378 shares in the company, valued at $29,074,841.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Gregory S. Gallopoulos sold 78,370 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were 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. 6.70% of the stock is currently owned by company insiders.

TRADEMARK VIOLATION WARNING: “Autus Asset Management LLC Has $4.93 Million Holdings in General Dynamics Corporation (GD)” was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright law. The correct version of this piece of content can be accessed at https://sportsperspectives.com/2017/11/21/autus-asset-management-llc-has-4-93-million-holdings-in-general-dynamics-corporation-gd.html.

Shares of General Dynamics Corporation (NYSE GD) traded up $1.32 during trading hours on Tuesday, hitting $200.06. 597,744 shares of the company’s stock traded hands, compared to its average volume of 1,149,951. General Dynamics Corporation has a 12 month low of $166.81 and a 12 month high of $214.81. The firm has a market capitalization of $59,050.00, a price-to-earnings ratio of 19.64, a P/E/G ratio of 2.37 and a beta of 0.73. 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 (NYSE:GD) last announced its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $2.52 EPS for the quarter, beating the 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 for the quarter, compared to analyst estimates of $7.94 billion. During the same quarter last year, the business earned $2.36 earnings per share. General Dynamics Corporation’s revenue was down 1.0% compared to the same quarter last year. sell-side analysts anticipate that General Dynamics Corporation will post 9.81 EPS for the current fiscal year.

General Dynamics Corporation Company 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.

Want to see what other hedge funds are holding GD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Dynamics Corporation (NYSE:GD).

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

Receive News & Ratings for General Dynamics Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Dynamics Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply