General Dynamics Corporation $GD Stock Holdings Decreased by Palisade Asset Management LLC

Palisade Asset Management LLC lowered its position in General Dynamics Corporation (NYSE:GD) by 4.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 41,105 shares of the aerospace company’s stock after selling 2,021 shares during the period. General Dynamics comprises approximately 1.3% of Palisade Asset Management LLC’s holdings, making the stock its 27th largest position. Palisade Asset Management LLC’s holdings in General Dynamics were worth $13,640,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Oxford Financial Group LTD. LLC lifted its position in shares of General Dynamics by 1.9% in the second quarter. Oxford Financial Group LTD. LLC now owns 1,426 shares of the aerospace company’s stock valued at $505,000 after acquiring an additional 26 shares in the last quarter. Willner & Heller LLC boosted its stake in shares of General Dynamics by 1.4% in the second quarter. Willner & Heller LLC now owns 2,050 shares of the aerospace company’s stock worth $726,000 after acquiring an additional 28 shares during the period. Meriwether Wealth & Planning LLC boosted its stake in shares of General Dynamics by 0.8% in the second quarter. Meriwether Wealth & Planning LLC now owns 3,443 shares of the aerospace company’s stock worth $1,220,000 after acquiring an additional 28 shares during the period. Capital Advisors Inc. OK grew its position in shares of General Dynamics by 0.6% during the second quarter. Capital Advisors Inc. OK now owns 4,551 shares of the aerospace company’s stock worth $1,612,000 after purchasing an additional 29 shares in the last quarter. Finally, Klingman & Associates LLC grew its position in shares of General Dynamics by 3.3% during the first quarter. Klingman & Associates LLC now owns 949 shares of the aerospace company’s stock worth $326,000 after purchasing an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insiders Place Their Bets

In other General Dynamics news, Director Robert K. Steel sold 7,440 shares of General Dynamics stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $346.05, for a total value of $2,574,612.00. Following the sale, the director owned 3,096 shares of the company’s stock, valued at $1,071,370.80. The trade was a 70.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.40% of the stock is owned by corporate insiders.

General Dynamics Trading Down 0.7%

Shares of General Dynamics stock opened at $353.88 on Friday. The firm has a market cap of $95.63 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 1.99 and a beta of 0.30. The business has a 50-day moving average price of $349.76 and a 200-day moving average price of $355.05. The company has a quick ratio of 0.94, a current ratio of 1.43 and a debt-to-equity ratio of 0.23. General Dynamics Corporation has a twelve month low of $306.77 and a twelve month high of $400.00.

General Dynamics (NYSE:GD) last posted its earnings results on Friday, October 30th. The aerospace company reported $4.49 EPS for the quarter, topping analysts’ consensus estimates of $4.12 by $0.37. The company had revenue of $14.57 billion for the quarter, compared to the consensus estimate of $13.72 billion. General Dynamics had a return on equity of 17.60% and a net margin of 8.24%. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the previous year, the business earned $3.88 earnings per share. Equities research analysts anticipate that General Dynamics Corporation will post 17.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on GD shares. TD Cowen decreased their target price on General Dynamics from $420.00 to $380.00 and set a “buy” rating on the stock in a research note on Friday, October 9th. UBS Group upped their price target on General Dynamics from $395.00 to $408.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 8th. Citigroup increased their price objective on shares of General Dynamics from $374.00 to $400.00 and gave the company a “neutral” rating in a report on Monday, November 2nd. Royal Bank Of Canada lifted their price objective on shares of General Dynamics from $360.00 to $400.00 and gave the company a “sector perform” rating in a research report on Monday, November 2nd. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $455.00 target price on shares of General Dynamics in a report on Monday, November 2nd. Eleven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $408.94.

About General Dynamics

General Dynamics Corporation is an aerospace and defense company that develops and manufactures products and provides services for commercial, government and military customers. Its businesses span aerospace, marine systems, combat systems and defense technologies.

The company makes Gulfstream business jets and provides aircraft services. Its marine systems operations design and build submarines and surface ships, while its combat systems business produces military vehicles, weapons systems and munitions.