Raymond James Financial Services Advisors Inc. Sells 51,006 Shares of General Dynamics Corporation (GD)

Raymond James Financial Services Advisors Inc. decreased its holdings in General Dynamics Corporation (NYSE:GD) by 44.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 62,833 shares of the aerospace company’s stock after selling 51,006 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in General Dynamics Corporation were worth $12,918,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Quadrant Capital Group LLC increased its holdings in shares of General Dynamics Corporation 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 buying an additional 37 shares during the last quarter. Vantage Investment Advisors LLC increased its holdings in shares of General Dynamics Corporation 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 buying an additional 50 shares during the last quarter. Captrust Financial Advisors acquired a new stake in shares of General Dynamics Corporation during the 2nd quarter worth approximately $129,000. WFG Advisors LP increased its holdings in shares of General Dynamics Corporation by 0.3% during the 2nd quarter. WFG Advisors LP now owns 668 shares of the aerospace company’s stock worth $132,000 after buying an additional 2 shares during the last quarter. Finally, Zions Bancorporation increased its holdings in shares of General Dynamics Corporation by 0.5% during the 1st quarter. Zions Bancorporation now owns 732 shares of the aerospace company’s stock worth $137,000 after buying an additional 4 shares during the last quarter. Institutional investors own 85.79% of the company’s stock.

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General Dynamics Corporation (NYSE GD) opened at $197.77 on Friday. 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 1 year low of $164.97 and a 1 year high of $214.81. The company has a market cap of $59,050.76, a P/E ratio of 19.64, a price-to-earnings-growth ratio of 2.37 and a beta of 0.73.

General Dynamics Corporation (NYSE:GD) last issued 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 Corporation had a net margin of 9.94% and a return on equity of 27.98%. The company had revenue of $7.58 billion during the quarter, compared to analysts’ expectations of $7.94 billion. During the same quarter last year, the company posted $2.36 EPS. The firm’s revenue was down 1.0% compared to the same quarter last year. equities research 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 analyst reports. Zacks Investment Research upgraded shares of General Dynamics Corporation from a “hold” rating to a “buy” rating and set a $230.00 price target for the company in a report on Monday, October 2nd. ValuEngine upgraded shares of General Dynamics Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Jefferies Group LLC restated a “buy” rating on shares of General Dynamics Corporation in a report on Friday, August 11th. BidaskClub upgraded shares of General Dynamics Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Finally, Cowen and Company restated a “buy” rating and set a $230.00 price target on shares of General Dynamics Corporation in a report on Thursday, October 19th. Two 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’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $218.45.

In other news, VP Gregory S. Gallopoulos sold 78,370 shares of General Dynamics Corporation stock in a transaction on Monday, November 6th. The shares were sold at an average price of $202.93, for a total transaction of $15,903,624.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Patrick Casey sold 34,945 shares of General Dynamics Corporation stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $201.38, for a total transaction of $7,037,224.10. Following the sale, 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. Company insiders own 6.70% of the company’s stock.

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.

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Institutional Ownership by Quarter for General Dynamics Corporation (NYSE:GD)

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