Great Lakes Advisors LLC lowered its stake in shares of General Dynamics Co. (NYSE:GD – Free Report) by 46.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,390 shares of the aerospace company’s stock after selling 16,094 shares during the quarter. Great Lakes Advisors LLC’s holdings in General Dynamics were worth $3,957,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of GD. Markel Corp boosted its stake in shares of General Dynamics by 0.9% in the 1st quarter. Markel Corp now owns 390,500 shares of the aerospace company’s stock valued at $94,181,000 after purchasing an additional 3,500 shares during the last quarter. Moors & Cabot Inc. grew its holdings in General Dynamics by 13.2% during the 1st quarter. Moors & Cabot Inc. now owns 4,202 shares of the aerospace company’s stock worth $1,014,000 after acquiring an additional 490 shares during the period. Zions Bancorporation N.A. raised its position in shares of General Dynamics by 294.2% during the 1st quarter. Zions Bancorporation N.A. now owns 540 shares of the aerospace company’s stock valued at $130,000 after acquiring an additional 403 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in shares of General Dynamics by 791.6% in the 1st quarter. Brown Brothers Harriman & Co. now owns 1,275 shares of the aerospace company’s stock valued at $308,000 after purchasing an additional 1,132 shares during the period. Finally, NewEdge Advisors LLC boosted its position in shares of General Dynamics by 51.6% in the 1st quarter. NewEdge Advisors LLC now owns 34,153 shares of the aerospace company’s stock worth $8,237,000 after purchasing an additional 11,630 shares during the last quarter. 86.08% of the stock is owned by institutional investors.
General Dynamics Trading Up 0.4 %
NYSE:GD opened at $245.78 on Tuesday. The company has a market cap of $67.07 billion, a P/E ratio of 20.55, a price-to-earnings-growth ratio of 2.18 and a beta of 0.77. General Dynamics Co. has a twelve month low of $202.35 and a twelve month high of $256.86. The business has a 50 day moving average price of $233.47 and a two-hundred day moving average price of $222.58. The company has a quick ratio of 0.91, a current ratio of 1.43 and a debt-to-equity ratio of 0.46.
Insider Buying and Selling
In other General Dynamics news, VP Gregory S. Gallopoulos sold 33,200 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $238.37, for a total value of $7,913,884.00. Following the sale, the vice president now owns 113,319 shares in the company, valued at $27,011,850.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.52% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the company. Wells Fargo & Company increased their target price on General Dynamics from $243.00 to $264.00 and gave the company an “overweight” rating in a research note on Thursday, October 26th. StockNews.com began coverage on shares of General Dynamics in a report on Thursday, October 5th. They set a “buy” rating for the company. Susquehanna increased their target price on shares of General Dynamics from $270.00 to $285.00 and gave the stock a “positive” rating in a report on Thursday, October 26th. Citigroup reissued a “buy” rating and issued a $283.00 price target on shares of General Dynamics in a report on Tuesday, September 19th. Finally, Berenberg Bank raised their price objective on General Dynamics from $254.00 to $258.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 26th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $263.43.
General Dynamics Company Profile
General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.
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