General Dynamics Corporation (GD) Holdings Cut by Clear Perspective Advisors LLC

Clear Perspective Advisors LLC cut its holdings in General Dynamics Corporation (NYSE:GD) by 16.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,103 shares of the aerospace company’s stock after selling 630 shares during the quarter. Clear Perspective Advisors LLC’s holdings in General Dynamics were worth $638,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. WFG Advisors LP raised its position in shares of General Dynamics by 0.3% during the second quarter. WFG Advisors LP now owns 668 shares of the aerospace company’s stock worth $132,000 after purchasing an additional 2 shares during the period. YorkBridge Wealth Partners LLC raised its position in General Dynamics by 0.5% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 992 shares of the aerospace company’s stock valued at $198,000 after buying an additional 5 shares during the last quarter. Aviance Capital Management LLC raised its position in General Dynamics by 0.3% in the 1st quarter. Aviance Capital Management LLC now owns 3,695 shares of the aerospace company’s stock valued at $692,000 after buying an additional 10 shares during the last quarter. Connecticut Wealth Management LLC raised its position in General Dynamics by 0.6% in the 2nd quarter. Connecticut Wealth Management LLC now owns 2,086 shares of the aerospace company’s stock valued at $419,000 after buying an additional 12 shares during the last quarter. Finally, Pathstone Family Office LLC raised its position in General Dynamics by 100.0% in the 2nd quarter. Pathstone Family Office LLC now owns 24 shares of the aerospace company’s stock valued at $4,754,000 after buying an additional 12 shares during the last quarter. 86.87% of the stock is currently owned by institutional investors.

A number of equities research analysts recently commented on GD shares. Zacks Investment Research raised General Dynamics from a “hold” rating to a “buy” rating and set a $230.00 price target for the company in a research report on Monday, October 2nd. ValuEngine raised General Dynamics from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Jefferies Group reissued a “buy” rating on shares of General Dynamics in a research report on Friday, August 11th. BidaskClub raised General Dynamics from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Finally, Cowen reissued a “buy” rating and issued a $230.00 price target on shares of General Dynamics in a research report on Thursday, October 19th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. General Dynamics has an average rating of “Hold” and a consensus price target of $218.45.

General Dynamics Corporation (GD) traded down $0.95 during mid-day trading on Tuesday, hitting $201.69. The stock had a trading volume of 1,705,900 shares, compared to its average volume of 1,150,014. 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 cap of $60,210.00, a P/E ratio of 20.12, a price-to-earnings-growth ratio of 2.43 and a beta of 0.72. General Dynamics Corporation has a 12 month low of $168.00 and a 12 month high of $214.81.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.09. The company had revenue of $7.58 billion during the quarter, compared to the consensus estimate of $7.94 billion. General Dynamics had a return on equity of 27.98% and a net margin of 9.94%. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.36 EPS. analysts predict that General Dynamics Corporation will post 9.81 EPS for the current fiscal year.

In other news, VP Gregory S. Gallopoulos sold 78,370 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $202.93, for a total transaction of $15,903,624.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Patrick Casey sold 34,945 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $201.38, for a total value of $7,037,224.10. Following the transaction, the insider now owns 144,378 shares of the company’s stock, valued at approximately $29,074,841.64. The disclosure for this sale can be found here. 6.70% of the stock is currently owned by corporate insiders.

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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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