General Dynamics Corporation (GD) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its position in General Dynamics Corporation (NYSE:GD) by 3.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 467,746 shares of the aerospace company’s stock after selling 18,923 shares during the period. New York State Teachers Retirement System owned about 0.16% of General Dynamics Corporation worth $96,159,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Quadrant Capital Group LLC lifted its position in shares of General Dynamics Corporation by 6.1% during the second quarter. Quadrant Capital Group LLC now owns 645 shares of the aerospace company’s stock worth $110,000 after acquiring an additional 37 shares in the last quarter. Vantage Investment Advisors LLC lifted its position in shares of General Dynamics Corporation by 9.3% during the second quarter. Vantage Investment Advisors LLC now owns 585 shares of the aerospace company’s stock worth $116,000 after acquiring an additional 50 shares in the last quarter. Ruggie Capital Group purchased a new stake in shares of General Dynamics Corporation during the first quarter worth $119,000. Captrust Financial Advisors purchased a new stake in shares of General Dynamics Corporation during the second quarter worth $129,000. Finally, WFG Advisors LP lifted its position in shares of General Dynamics Corporation by 0.3% during the second quarter. WFG Advisors LP now owns 668 shares of the aerospace company’s stock worth $132,000 after acquiring an additional 2 shares in the last quarter. Institutional investors and hedge funds own 86.05% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “General Dynamics Corporation (GD) Shares Sold by New York State Teachers Retirement System” was published by Community Financial News and is owned by of Community Financial News. If you are viewing this story on another website, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this story can be read at https://www.com-unik.info/2017/11/01/general-dynamics-corporation-gd-shares-sold-by-new-york-state-teachers-retirement-system.html.

Several equities research analysts have issued reports on GD shares. Stifel Nicolaus increased their target price on General Dynamics Corporation from $200.00 to $210.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. Zacks Investment Research downgraded General Dynamics Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Deutsche Bank AG restated a “hold” rating and set a $210.00 target price (up previously from $200.00) on shares of General Dynamics Corporation 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. Finally, BidaskClub upgraded General Dynamics Corporation from a “hold” rating to a “buy” rating in a research report 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 company. General Dynamics Corporation has an average rating of “Hold” and an average price target of $217.19.

General Dynamics Corporation (NYSE GD) traded down 0.46% on Wednesday, reaching $202.05. The company had a trading volume of 939,980 shares. The stock’s 50 day moving average price is $207.59 and its 200-day moving average price is $200.82. The stock has a market capitalization of $60.57 billion, a PE ratio of 19.96 and a beta of 0.72. General Dynamics Corporation has a 12-month low of $148.76 and a 12-month high of $214.81.

General Dynamics Corporation (NYSE:GD) last announced its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.43 by $0.09. The business had revenue of $7.58 billion for the quarter, compared to analysts’ expectations of $7.94 billion. General Dynamics Corporation had a net margin of 9.94% and a return on equity of 27.98%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.36 EPS. Equities analysts expect that General Dynamics Corporation will post $9.83 earnings per share 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)

What are top analysts saying about General Dynamics Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for General Dynamics Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit