Entropy Technologies LP Trims Stake in General Dynamics Co. (NYSE:GD)

Entropy Technologies LP lessened its holdings in General Dynamics Co. (NYSE:GD) by 65.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,889 shares of the aerospace company’s stock after selling 5,546 shares during the period. Entropy Technologies LP’s holdings in General Dynamics were worth $873,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of General Dynamics during the 1st quarter valued at about $361,000. Ledyard National Bank purchased a new position in shares of General Dynamics in the 1st quarter valued at about $205,000. Beacon Investment Advisory Services Inc. grew its holdings in General Dynamics by 7.6% during the 1st quarter. Beacon Investment Advisory Services Inc. now owns 1,067 shares of the aerospace company’s stock worth $301,000 after acquiring an additional 75 shares in the last quarter. Kingsview Wealth Management LLC increased its holdings in General Dynamics by 87.6% in the first quarter. Kingsview Wealth Management LLC now owns 14,690 shares of the aerospace company’s stock valued at $4,150,000 after buying an additional 6,858 shares during the last quarter. Finally, HBK Sorce Advisory LLC lifted its stake in General Dynamics by 1.1% during the first quarter. HBK Sorce Advisory LLC now owns 7,664 shares of the aerospace company’s stock worth $2,165,000 after purchasing an additional 82 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on GD shares. Citigroup boosted their price objective on General Dynamics from $331.00 to $354.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Susquehanna increased their price target on shares of General Dynamics from $333.00 to $352.00 and gave the company a “positive” rating in a research report on Thursday, October 17th. Wells Fargo & Company boosted their target price on shares of General Dynamics from $317.00 to $322.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft decreased their price objective on General Dynamics from $309.00 to $306.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Finally, Sanford C. Bernstein dropped their price target on shares of General Dynamics from $343.00 to $331.00 and set a “market perform” rating for the company in a research report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $323.69.

Insider Transactions at General Dynamics

In other news, Director Peter A. Wall sold 1,320 shares of General Dynamics stock in a transaction 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 sale, the director now owns 3,592 shares of the company’s stock, valued at approximately $1,106,515.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.52% of the stock is currently owned by corporate insiders.

General Dynamics Trading Up 0.6 %

GD opened at $313.97 on Thursday. The firm has a 50 day simple moving average of $302.25 and a 200 day simple moving average of $296.11. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.32 and a quick ratio of 0.80. The company has a market cap of $86.33 billion, a price-to-earnings ratio of 23.91, a price-to-earnings-growth ratio of 1.89 and a beta of 0.61. General Dynamics Co. has a fifty-two week low of $243.87 and a fifty-two week high of $316.90.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). The business had revenue of $11.67 billion during the quarter, compared to the consensus estimate of $11.65 billion. General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the business posted $3.04 EPS. On average, sell-side analysts anticipate that General Dynamics Co. will post 13.97 earnings per share for the current year.

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.