Epoch Investment Partners Inc. lessened its stake in General Dynamics Corporation (NYSE:GD) by 4.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 816,597 shares of the aerospace company’s stock after selling 35,693 shares during the quarter. Epoch Investment Partners Inc. owned 0.27% of General Dynamics worth $167,876,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in GD. Bluestein R H & Co. lifted its stake in General Dynamics by 6.4% during the third quarter. Bluestein R H & Co. now owns 126,426 shares of the aerospace company’s stock worth $25,991,000 after purchasing an additional 7,578 shares during the last quarter. Waters Parkerson & CO. LLC lifted its stake in General Dynamics by 14.0% during the third quarter. Waters Parkerson & CO. LLC now owns 3,250 shares of the aerospace company’s stock worth $668,000 after purchasing an additional 400 shares during the last quarter. Private Advisor Group LLC lifted its stake in General Dynamics by 3.7% during the third quarter. Private Advisor Group LLC now owns 18,071 shares of the aerospace company’s stock worth $3,848,000 after purchasing an additional 648 shares during the last quarter. Sompo Japan Nipponkoa Asset Management CO. LTD. purchased a new stake in General Dynamics during the third quarter worth approximately $4,543,000. Finally, Stifel Financial Corp lifted its stake in General Dynamics by 34.7% during the third quarter. Stifel Financial Corp now owns 125,349 shares of the aerospace company’s stock worth $25,739,000 after purchasing an additional 32,267 shares during the last quarter. Institutional investors and hedge funds own 86.87% of the company’s stock.
GD has been the subject of several recent analyst reports. Credit Suisse Group restated an “outperform” rating and set a $238.00 target price (up previously from $216.00) on shares of General Dynamics in a research note on Thursday, October 26th. ValuEngine upgraded General Dynamics from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Stifel Nicolaus boosted their target price on General Dynamics from $200.00 to $210.00 and gave the stock a “hold” rating in a research note on Thursday, October 26th. Zacks Investment Research cut General Dynamics from a “buy” rating to a “hold” rating in a research note on Monday, October 16th. Finally, Royal Bank Of Canada set a $239.00 target price on General Dynamics and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. General Dynamics presently has an average rating of “Hold” and a consensus price target of $218.45.
General Dynamics (NYSE:GD) last released 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 company had revenue of $7.58 billion for the quarter, compared to analyst estimates of $7.94 billion. General Dynamics had a return on equity of 27.98% and a net margin of 9.94%. The firm’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.36 earnings per share. equities analysts expect that General Dynamics Corporation will post 9.81 EPS for the current year.
In other General Dynamics news, insider John Patrick Casey sold 34,945 shares of General Dynamics stock in a transaction that occurred 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 transaction, the insider now owns 144,378 shares of the company’s stock, valued at $29,074,841.64. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Gregory S. Gallopoulos sold 78,370 shares of General Dynamics stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $202.93, for a total value of $15,903,624.10. The disclosure for this sale can be found here. Insiders own 6.70% of the company’s stock.
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About General Dynamics
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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