Ancora Inverness LLC increased its position in shares of General Dynamics Corp. (NYSE:GD) by 5.3% during the third quarter, Holdings Channel reports. The fund owned 10,822 shares of the company’s stock after buying an additional 543 shares during the period. Ancora Inverness LLC’s holdings in General Dynamics Corp. were worth $1,679,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. WFG Advisors LP raised its stake in shares of General Dynamics Corp. by 0.3% in the second quarter. WFG Advisors LP now owns 753 shares of the company’s stock valued at $105,000 after buying an additional 2 shares during the last quarter. Alpha Windward LLC raised its stake in shares of General Dynamics Corp. by 0.3% in the third quarter. Alpha Windward LLC now owns 1,936 shares of the company’s stock valued at $300,000 after buying an additional 6 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in shares of General Dynamics Corp. by 0.6% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 1,021 shares of the company’s stock valued at $158,000 after buying an additional 6 shares during the last quarter. Sunbelt Securities Inc. raised its stake in shares of General Dynamics Corp. by 0.5% in the second quarter. Sunbelt Securities Inc. now owns 1,375 shares of the company’s stock valued at $191,000 after buying an additional 7 shares during the last quarter. Finally, Shelton Capital Management raised its stake in shares of General Dynamics Corp. by 0.3% in the second quarter. Shelton Capital Management now owns 3,650 shares of the company’s stock valued at $508,000 after buying an additional 10 shares during the last quarter. 87.01% of the stock is currently owned by institutional investors and hedge funds.

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

General Dynamics Corp. (NYSE:GD) traded up 0.13% during midday trading on Wednesday, reaching $175.35. The company had a trading volume of 2,326,611 shares. The stock has a 50-day moving average price of $158.80 and a 200 day moving average price of $149.72. The company has a market capitalization of $53.30 billion, a PE ratio of 18.77 and a beta of 0.69. General Dynamics Corp. has a 12-month low of $121.61 and a 12-month high of $176.45.

General Dynamics Corp. (NYSE:GD) last issued its earnings results on Wednesday, October 26th. The company reported $2.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.38 by $0.10. The firm had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $7.91 billion. General Dynamics Corp. had a return on equity of 27.68% and a net margin of 9.45%. The company’s revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.28 EPS. Equities analysts forecast that General Dynamics Corp. will post $9.77 EPS for the current year.

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Several analysts have recently weighed in on the company. Vetr lowered General Dynamics Corp. from a “strong-buy” rating to a “buy” rating and set a $168.30 price objective on the stock. in a report on Monday, November 7th. Jefferies Group reissued a “buy” rating and set a $175.00 price objective (up previously from $167.00) on shares of General Dynamics Corp. in a report on Friday, October 28th. Sanford C. Bernstein raised General Dynamics Corp. from a “market perform” rating to an “outperform” rating and set a $180.00 price objective on the stock in a report on Wednesday, August 10th. They noted that the move was a valuation call. Zacks Investment Research lowered General Dynamics Corp. from a “buy” rating to a “hold” rating in a report on Monday, November 14th. Finally, Argus lifted their price objective on General Dynamics Corp. from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, August 2nd. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $161.37.

In related news, insider Robert W. Helm sold 149,910 shares of the firm’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $152.43, for a total transaction of $22,850,781.30. Following the sale, the insider now owns 108,119 shares of the company’s stock, valued at approximately $16,480,579.17. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Kimberly A. Kuryea sold 4,117 shares of the firm’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $154.56, for a total value of $636,323.52. Following the sale, the vice president now directly owns 36,412 shares in the company, valued at approximately $5,627,838.72. The disclosure for this sale can be found here. 6.80% of the stock is owned by company insiders.

General Dynamics Corp. Company Profile

General Dynamics Corporation is an aerospace and defense company that offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions and information technology (IT) services, and shipbuilding.

5 Day Chart for NYSE:GD

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