Fiduciary Group LLC Has $2.15 Million Holdings in General Dynamics Corporation (GD)
Fiduciary Group LLC decreased its position in General Dynamics Corporation (NYSE:GD) by 15.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,443 shares of the aerospace company’s stock after selling 1,972 shares during the period. Fiduciary Group LLC’s holdings in General Dynamics were worth $2,147,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Quadrant Capital Group LLC increased its stake in shares of General Dynamics 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 purchasing an additional 37 shares during the last quarter. Vantage Investment Advisors LLC increased its stake in shares of General Dynamics 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 purchasing an additional 50 shares during the last quarter. Captrust Financial Advisors purchased a new stake in shares of General Dynamics during the 2nd quarter worth approximately $129,000. WFG Advisors LP increased its stake in shares of General Dynamics by 0.3% during the 2nd 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. Finally, Zions Bancorporation increased its stake in shares of General Dynamics by 0.5% during the 1st quarter. Zions Bancorporation now owns 732 shares of the aerospace company’s stock worth $137,000 after purchasing an additional 4 shares during the last quarter. Hedge funds and other institutional investors own 86.86% of the company’s stock.
In other General Dynamics news, VP Gregory S. Gallopoulos sold 78,370 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $202.93, for a total value of $15,903,624.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Patrick Casey sold 34,945 shares of the firm’s stock in a transaction 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 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 owned by company insiders.
Shares of General Dynamics Corporation (NYSE GD) traded down $0.02 during trading hours on Thursday, reaching $204.17. 724,900 shares of the company’s stock traded hands, compared to its average volume of 1,143,582. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.93 and a current ratio of 1.37. General Dynamics Corporation has a 1 year low of $168.00 and a 1 year high of $214.81. The company has a market cap of $60,967.64, a P/E ratio of 20.28, a price-to-earnings-growth ratio of 2.45 and a beta of 0.73.
General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $2.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.43 by $0.09. General Dynamics had a net margin of 9.94% and a return on equity of 27.98%. The firm had revenue of $7.58 billion during the quarter, compared to the consensus estimate of $7.94 billion. During the same period last year, the firm earned $2.36 EPS. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. sell-side analysts forecast that General Dynamics Corporation will post 9.81 earnings per share for the current fiscal year.
GD has been the subject of a number of recent research reports. ValuEngine lowered shares of General Dynamics from a “buy” rating to a “hold” rating in a research note on Thursday. Morgan Stanley initiated coverage on shares of General Dynamics in a research note on Tuesday, August 8th. They issued an “underweight” rating and a $185.00 price objective for the company. Jefferies Group reiterated a “buy” rating on shares of General Dynamics in a research note on Friday, August 11th. Citigroup reiterated a “neutral” rating and issued a $210.00 price objective (up from $207.00) on shares of General Dynamics in a research note on Friday, August 11th. Finally, Zacks Investment Research lowered shares of General Dynamics from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Two equities 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 company. General Dynamics currently has a consensus rating of “Hold” and an average target price of $218.45.
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General Dynamics 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.
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