General Dynamics Corp (NYSE:GD).
Raymond James & Associates reports that it lowered its stake in General Dynamics Corp stock by 93,235 shares in the last quarter. Its stake was valued at $44,910,000 a decrease of $16,837,000 as of quarter end.
The following firms have recently changed their position in GD. As of the end of the quarter Tredje Ap-fonden had bought a total of 2,540 shares growing its holdings by 8.1%. The value of the investment in General Dynamics Corp increased from $6,207,000 to $6,964,000 increasing 12.2% for the reporting period. As of quarter end Baird Financial Group, Inc. had disposed of 1,100 shares trimming its position 2.5%. The value of the company’s investment in General Dynamics Corp went from $8,789,000 to $8,895,000 a change of 1.2% since the last quarter.
As of quarter end Polaris Capital Management, LLC had acquired a total of 15,500 shares growing its stake by 8.7%. The value of the investment in GD went from $35,444,000 to $39,969,000 a change of $4,525,000 quarter to quarter.
On October 26 Cowen and Company maintained a company rating of “Buy” projecting a price of $230.00. Stifel Nicolaus raised the price target on October 26 changing the price objective from $200.00 to $210.00 and issued a “Hold” rating.
October 26 investment analysts at Jefferies Group LLC kept the stock rating at “Buy” with a current price target of $236.00. On October 26 Credit Suisse Group left the stock rating at “Outperform” targeting a price of $238.00.
October 19 investment analysts at Cowen and Company held the stock rating at “Buy” projecting a price of $230.00. October 9 investment analysts at Citigroup held the company rating at “Neutral” with a current price target of $215.00.
The company is down from yesterday’s close of 200.22. The company currently has a P/E ratio of 19.87 and market capitalization is 59.73B. In the last earnings report the EPS was $10.07 with 298.58M shares presently outstanding.
Short traders are more bullish on shares of the company lately as evidenced by the downtick in short interest. The stock realized a fall in short interest of -9.37% between October 13, 2017 and October 31, 2017. Short shares fell from 2,494,802 to 2,260,989 over that period. With short interest at 2,260,989 and short average daily volume at 1,100,958, the short-interest ratio is 2.0 and the percentage of shorted shares is 0.01% as of October 31.