Bronfman E.L. Rothschild L.P. lowered its stake in General Dynamics Corporation (NYSE:GD) by 9.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,506 shares of the aerospace company’s stock after selling 452 shares during the quarter. Bronfman E.L. Rothschild L.P.’s holdings in General Dynamics Corporation were worth $926,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of General Dynamics Corporation by 1.9% in the second quarter. Vanguard Group Inc. now owns 20,176,505 shares of the aerospace company’s stock worth $3,996,966,000 after buying an additional 376,688 shares during the period. Capital Research Global Investors raised its stake in General Dynamics Corporation by 4.5% during the 2nd quarter. Capital Research Global Investors now owns 16,792,408 shares of the aerospace company’s stock valued at $3,326,576,000 after purchasing an additional 725,896 shares during the period. BlackRock Inc. raised its stake in General Dynamics Corporation by 5.3% during the 2nd quarter. BlackRock Inc. now owns 16,338,831 shares of the aerospace company’s stock valued at $3,236,720,000 after purchasing an additional 829,487 shares during the period. Janus Henderson Group PLC raised its stake in General Dynamics Corporation by 44,941.4% during the 2nd quarter. Janus Henderson Group PLC now owns 4,998,693 shares of the aerospace company’s stock valued at $990,241,000 after purchasing an additional 4,987,595 shares during the period. Finally, Janus Capital Management LLC raised its stake in General Dynamics Corporation by 22.1% during the 1st quarter. Janus Capital Management LLC now owns 4,148,390 shares of the aerospace company’s stock valued at $776,563,000 after purchasing an additional 749,793 shares during the period. 85.22% of the stock is currently owned by hedge funds and other institutional investors.

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In other news, VP Gregory S. Gallopoulos sold 78,370 shares of the business’s stock in a transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Patrick Casey sold 34,945 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 144,378 shares of the company’s stock, valued at $29,074,841.64. The disclosure for this sale can be found here. 6.70% of the stock is currently owned by corporate insiders.

GD has been the topic of several recent analyst reports. Jefferies Group LLC reissued a “buy” rating on shares of General Dynamics Corporation in a research note on Friday, August 11th. Royal Bank Of Canada set a $239.00 price objective on General Dynamics Corporation and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Cowen and Company reaffirmed a “buy” rating and issued a $230.00 price objective on shares of General Dynamics Corporation in a research note on Thursday, October 19th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $210.00 price objective (up previously from $200.00) on shares of General Dynamics Corporation in a research note on Monday, October 2nd. Finally, BidaskClub raised General Dynamics Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. General Dynamics Corporation has an average rating of “Hold” and a consensus target price of $218.45.

General Dynamics Corporation (NYSE:GD) traded up $0.16 on Wednesday, reaching $200.26. The company had a trading volume of 353,388 shares, compared to its average volume of 1,150,132. General Dynamics Corporation has a one year low of $168.00 and a one year 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 stock has a market cap of $59,750.00, a PE ratio of 19.74, a P/E/G ratio of 2.38 and a beta of 0.73.

General Dynamics Corporation (NYSE:GD) last posted its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $2.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $7.58 billion during the quarter, compared to analysts’ expectations of $7.94 billion. During the same quarter in the previous year, the business earned $2.36 EPS. 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 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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