Beck Capital Management LLC Purchases 426 Shares of General Dynamics Corporation (GD)

Beck Capital Management LLC grew its stake in General Dynamics Corporation (NYSE:GD) by 10.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,591 shares of the aerospace company’s stock after purchasing an additional 426 shares during the quarter. Beck Capital Management LLC’s holdings in General Dynamics were worth $944,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Jacobi Capital Management LLC raised its stake in General Dynamics by 724.8% during the 1st quarter. Jacobi Capital Management LLC now owns 1,031 shares of the aerospace company’s stock worth $192,000 after buying an additional 906 shares during the period. Piedmont Investment Advisors LLC raised its stake in General Dynamics by 0.9% during the 1st 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 period. Seaward Management Limited Partnership acquired a new stake in General Dynamics during the 1st quarter worth $218,000. Aviance Capital Management LLC raised its stake in General Dynamics by 0.3% during the 1st quarter. Aviance Capital Management LLC now owns 3,695 shares of the aerospace company’s stock worth $692,000 after buying an additional 10 shares during the period. Finally, Columbia Partners L L C Investment Management acquired a new stake in shares of General Dynamics in the 1st quarter valued at about $311,000. 86.87% of the stock is currently owned by institutional investors.

General Dynamics Corporation (NYSE:GD) traded down $1.78 during trading on Wednesday, reaching $199.91. The company had a trading volume of 960,200 shares, compared to its average volume of 1,149,203. General Dynamics Corporation has a fifty-two week low of $168.00 and a fifty-two week 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 company has a market capitalization of $60,221.19, a PE ratio of 20.03, a P/E/G ratio of 2.42 and a beta of 0.72.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.09. General Dynamics had a return on equity of 27.98% and a net margin of 9.94%. The business 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 earnings per share. General Dynamics’s quarterly revenue was down 1.0% on a year-over-year basis. sell-side analysts anticipate that General Dynamics Corporation will post 9.81 earnings per share for the current year.

In other news, VP Gregory S. Gallopoulos sold 78,370 shares of General Dynamics stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $202.93, for a total value of $15,903,624.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Patrick Casey sold 34,945 shares of General Dynamics stock in a transaction that occurred on 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 completion of 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. Company insiders own 6.70% of the company’s stock.

Several research firms have issued reports on GD. Zacks Investment Research downgraded General Dynamics from a “buy” rating to a “hold” rating in a research note on Monday, October 16th. Citigroup reissued a “neutral” rating and issued a $215.00 price target (up previously from $210.00) on shares of General Dynamics in a research note on Monday, October 9th. ValuEngine downgraded General Dynamics from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Cowen reissued a “buy” rating and issued a $230.00 price target on shares of General Dynamics in a research note on Thursday, October 19th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $238.00 price target (up previously from $216.00) on shares of General Dynamics in a research note on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $218.45.

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General Dynamics 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.

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

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