Commerzbank Aktiengesellschaft FI increased its holdings in General Dynamics Corporation (NYSE:GD) by 73.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,284 shares of the aerospace company’s stock after buying an additional 4,367 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in General Dynamics were worth $2,114,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jacobi Capital Management LLC raised its position in shares of General Dynamics by 724.8% during the 1st quarter. Jacobi Capital Management LLC now owns 1,031 shares of the aerospace company’s stock valued at $192,000 after buying an additional 906 shares in the last quarter. Piedmont Investment Advisors LLC raised its holdings in General Dynamics by 0.9% in the first quarter. Piedmont Investment Advisors LLC now owns 51,904 shares of the aerospace company’s stock worth $9,716,000 after buying an additional 441 shares during the last quarter. Seaward Management Limited Partnership purchased a new position in shares of General Dynamics during the first quarter valued at approximately $218,000. Aviance Capital Management LLC raised its holdings in shares of General Dynamics by 0.3% during the first 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 during the last quarter. Finally, Columbia Partners L L C Investment Management purchased a new position in shares of General Dynamics during the first quarter valued at approximately $311,000. Institutional investors and hedge funds own 86.87% of the company’s stock.
In other General Dynamics news, insider John Patrick Casey sold 34,945 shares of the stock in a transaction dated 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 directly owns 144,378 shares in the company, valued at approximately $29,074,841.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Gregory S. Gallopoulos sold 78,370 shares of the stock in a transaction dated Monday, November 6th. The stock was 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. Corporate insiders own 6.70% of the company’s stock.
Several research analysts have recently weighed in on the stock. BidaskClub raised shares of General Dynamics from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Jefferies Group restated a “buy” rating on shares of General Dynamics in a research report on Friday, August 11th. ValuEngine lowered shares of General Dynamics from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Morgan Stanley began coverage on shares of General Dynamics in a research report on Tuesday, August 8th. They set an “underweight” rating and a $185.00 target price for the company. Finally, Deutsche Bank restated a “hold” rating and set a $210.00 target price (up from $200.00) on shares of General Dynamics in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $218.45.
General Dynamics Corporation (GD) traded down $1.78 during mid-day trading on Wednesday, hitting $199.91. 960,200 shares of the stock traded hands, compared to its average volume of 1,149,203. General Dynamics Corporation has a 1 year low of $168.00 and a 1 year high of $214.81. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.37 and a quick ratio of 0.93. The stock has a market capitalization of $60,221.19, a P/E ratio of 20.03, a PEG ratio of 2.42 and a beta of 0.72.
General Dynamics (NYSE:GD) last released its quarterly earnings results 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. The company had revenue of $7.58 billion for the quarter, compared to the consensus estimate of $7.94 billion. General Dynamics had a net margin of 9.94% and a return on equity of 27.98%. General Dynamics’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.36 earnings per share. equities analysts expect that General Dynamics Corporation will post 9.81 EPS for the current fiscal year.
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General Dynamics 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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