Earnings
General Dynamics Corporation $GD Shares Sold by Corient Private Wealth LP
Corient Private Wealth LP reduced its stake in General Dynamics Corporation by 22.1% in the second quarter, selling 40,576 shares but still holding 142,773 shares valued at over $50 million. Despite this, institutional investors collectively own 86.14% of the company, which recently exceeded quarterly earnings expectations with strong revenue growth. Analysts maintain a "Moderate Buy" rating, and General Dynamics continues to pay a quarterly dividend.