BW Gestao de Investimentos Ltda. purchased a new stake in General Dynamics Corporation (NYSE:GD) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 12,200 shares of the aerospace company’s stock, valued at approximately $2,508,000. General Dynamics Corporation comprises approximately 0.5% of BW Gestao de Investimentos Ltda.’s holdings, making the stock its 19th largest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. WFG Advisors LP grew its position in shares of General Dynamics Corporation by 0.3% in the 2nd 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. Zions Bancorporation boosted its position in shares of General Dynamics Corporation by 0.5% during the 1st quarter. Zions Bancorporation now owns 732 shares of the aerospace company’s stock valued at $137,000 after purchasing an additional 4 shares in the last quarter. YorkBridge Wealth Partners LLC boosted its position in shares of General Dynamics Corporation by 0.5% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 992 shares of the aerospace company’s stock valued at $198,000 after purchasing an additional 5 shares in the last quarter. Guardian Life Insurance Co. of America boosted its position in shares of General Dynamics Corporation by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,104 shares of the aerospace company’s stock valued at $207,000 after purchasing an additional 8 shares in the last quarter. Finally, Aviance Capital Management LLC boosted its position in shares of General Dynamics Corporation by 0.3% during the 1st quarter. Aviance Capital Management LLC now owns 3,695 shares of the aerospace company’s stock valued at $692,000 after purchasing an additional 10 shares in the last quarter. Hedge funds and other institutional investors own 85.22% of the company’s stock.

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

General Dynamics Corporation (NYSE GD) traded down $1.45 during mid-day trading on Monday, reaching $197.77. The company had a trading volume of 763,300 shares, compared to its average volume of 1,149,349. General Dynamics Corporation has a fifty-two week low of $164.97 and a fifty-two week high of $214.81. The company has a current ratio of 1.37, a quick ratio of 0.93 and a debt-to-equity ratio of 0.34. The firm has a market cap of $59,050.00, a P/E ratio of 19.64, a P/E/G ratio of 2.37 and a beta of 0.73.

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

In other news, insider John Patrick Casey sold 34,945 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $201.38, for a total value of $7,037,224.10. Following the completion of the sale, the insider now directly owns 144,378 shares of the company’s stock, valued at $29,074,841.64. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Gregory S. Gallopoulos sold 78,370 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was 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. Corporate insiders own 6.70% of the company’s stock.

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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