Pathstone Holdings LLC Has $9.42 Million Stock Position in General Dynamics Co. (NYSE:GD)

Pathstone Holdings LLC grew its holdings in General Dynamics Co. (NYSE:GD - Free Report) by 6.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,162 shares of the aerospace company's stock after acquiring an additional 1,971 shares during the period. Pathstone Holdings LLC's holdings in General Dynamics were worth $9,417,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. International Assets Investment Management LLC increased its stake in General Dynamics by 40,389.3% in the third quarter. International Assets Investment Management LLC now owns 1,379,472 shares of the aerospace company's stock valued at $416,876,000 after purchasing an additional 1,376,065 shares during the last quarter. 1832 Asset Management L.P. lifted its holdings in shares of General Dynamics by 2,189.3% during the second quarter. 1832 Asset Management L.P. now owns 374,207 shares of the aerospace company's stock worth $108,572,000 after purchasing an additional 357,861 shares during the period. Public Employees Retirement Association of Colorado lifted its holdings in shares of General Dynamics by 879.9% during the first quarter. Public Employees Retirement Association of Colorado now owns 340,359 shares of the aerospace company's stock worth $96,148,000 after purchasing an additional 305,624 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in General Dynamics by 4.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,639,758 shares of the aerospace company's stock valued at $2,216,599,000 after acquiring an additional 293,316 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in General Dynamics by 24.2% in the second quarter. Hsbc Holdings PLC now owns 1,347,247 shares of the aerospace company's stock valued at $391,119,000 after acquiring an additional 262,164 shares during the period. Institutional investors and hedge funds own 86.14% of the company's stock.

Insider Activity at General Dynamics

In related news, Director Peter A. Wall sold 1,320 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $308.05, for a total transaction of $406,626.00. Following the completion of the transaction, the director now owns 3,592 shares in the company, valued at $1,106,515.60. This trade represents a 26.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.52% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on GD. Seaport Res Ptn downgraded General Dynamics from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft reduced their price target on General Dynamics from $309.00 to $306.00 and set a "hold" rating on the stock in a research report on Friday, November 1st. Citigroup boosted their price target on General Dynamics from $331.00 to $354.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Wells Fargo & Company upped their price objective on General Dynamics from $317.00 to $322.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 24th. Finally, Royal Bank of Canada increased their price target on General Dynamics from $320.00 to $330.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, General Dynamics presently has a consensus rating of "Moderate Buy" and a consensus price target of $323.69.

General Dynamics Stock Up 0.7 %

NYSE:GD traded up $1.88 during trading hours on Friday, hitting $281.81. 1,410,041 shares of the company's stock traded hands, compared to its average volume of 1,112,259. The firm has a market cap of $77.49 billion, a P/E ratio of 21.41, a P/E/G ratio of 1.70 and a beta of 0.61. General Dynamics Co. has a twelve month low of $243.87 and a twelve month high of $316.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.80 and a current ratio of 1.32. The stock's fifty day moving average price is $300.90 and its two-hundred day moving average price is $296.05.

General Dynamics (NYSE:GD - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing analysts' consensus estimates of $3.48 by ($0.13). The company had revenue of $11.67 billion for the quarter, compared to analyst estimates of $11.65 billion. General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The business's revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the company posted $3.04 EPS. On average, research analysts expect that General Dynamics Co. will post 13.98 earnings per share for the current fiscal year.

About General Dynamics

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.