Matthew Goff Investment Advisor LLC increased its position in General Dynamics Corporation (NYSE:GD) by 9.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,024 shares of the aerospace company’s stock after acquiring an additional 1,849 shares during the quarter. General Dynamics Corporation comprises approximately 1.9% of Matthew Goff Investment Advisor LLC’s holdings, making the stock its 22nd biggest position. Matthew Goff Investment Advisor LLC’s holdings in General Dynamics Corporation were worth $4,322,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Cipher Capital LP purchased a new stake in General Dynamics Corporation during the 3rd quarter valued at approximately $4,048,000. Columbia Partners L L C Investment Management purchased a new position in shares of General Dynamics Corporation in the third quarter valued at $1,459,000. Macquarie Group Ltd. grew its holdings in shares of General Dynamics Corporation by 10.4% in the third quarter. Macquarie Group Ltd. now owns 39,341 shares of the aerospace company’s stock valued at $8,088,000 after purchasing an additional 3,703 shares in the last quarter. Vaughan David Investments Inc. IL grew its holdings in shares of General Dynamics Corporation by 140.5% in the third quarter. Vaughan David Investments Inc. IL now owns 380,606 shares of the aerospace company’s stock valued at $19,700,000 after purchasing an additional 222,360 shares in the last quarter. Finally, Commonwealth Equity Services Inc grew its holdings in shares of General Dynamics Corporation by 5.7% in the third quarter. Commonwealth Equity Services Inc now owns 84,741 shares of the aerospace company’s stock valued at $17,421,000 after purchasing an additional 4,589 shares in the last quarter. 85.79% of the stock is owned by institutional investors.
In related news, VP Gregory S. Gallopoulos sold 78,370 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Patrick Casey sold 34,945 shares of the business’s 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 sale, the insider now owns 144,378 shares of the company’s stock, valued at $29,074,841.64. The disclosure for this sale can be found here. Corporate insiders own 6.70% of the company’s stock.
A number of brokerages recently issued reports on GD. Zacks Investment Research upgraded General Dynamics Corporation from a “hold” rating to a “buy” rating and set a $230.00 price target for the company in a research report on Monday, October 2nd. ValuEngine upgraded General Dynamics Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Jefferies Group LLC restated a “buy” rating on shares of General Dynamics Corporation in a research report on Friday, August 11th. BidaskClub upgraded General Dynamics Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Finally, Cowen and Company restated a “buy” rating and issued a $230.00 price target on shares of General Dynamics Corporation in a research report on Thursday, October 19th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $218.45.
General Dynamics Corporation (NYSE:GD) traded up $0.23 during trading on Friday, hitting $199.22. The company had a trading volume of 1,103,800 shares, compared to its average volume of 1,151,088. 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 has a 12-month low of $164.97 and a 12-month high of $214.81. The firm has a market capitalization of $59,420.00, a P/E ratio of 19.76, a price-to-earnings-growth ratio of 2.39 and a beta of 0.73.
General Dynamics Corporation (NYSE:GD) last released its earnings results on Wednesday, October 25th. The aerospace company reported $2.52 EPS for the quarter, topping 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 firm had revenue of $7.58 billion during the quarter, compared to the consensus estimate of $7.94 billion. During the same quarter in the previous year, the company posted $2.36 earnings per share. The company’s revenue was down 1.0% compared to the same quarter last year. analysts expect 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.
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.