General Dynamics Co. (NYSE:GD) Stake Decreased by Mizuho Securities USA LLC

Mizuho Securities USA LLC lowered its stake in General Dynamics Co. (NYSE:GD) by 4.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,722 shares of the aerospace company’s stock after selling 804 shares during the quarter. Mizuho Securities USA LLC’s holdings in General Dynamics were worth $5,053,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in GD. MFA Wealth Advisors LLC lifted its stake in General Dynamics by 241.7% during the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after buying an additional 58 shares in the last quarter. Hara Capital LLC bought a new position in General Dynamics in the 3rd quarter worth $26,000. American Capital Advisory LLC bought a new stake in General Dynamics during the 2nd quarter valued at approximately $29,000. Lowe Wealth Advisors LLC acquired a new stake in shares of General Dynamics in the third quarter worth $30,000. Finally, New Covenant Trust Company N.A. acquired a new position in shares of General Dynamics during the first quarter valued at about $29,000. 86.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GD. Wells Fargo & Company increased their price target on shares of General Dynamics from $317.00 to $322.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Citigroup increased their price target on shares of General Dynamics from $331.00 to $354.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. TD Cowen raised shares of General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 8th. Sanford C. Bernstein cut their price target on General Dynamics from $343.00 to $331.00 and set a “market perform” rating on the stock in a research note on Thursday, October 24th. Finally, Royal Bank of Canada upped their price objective on General Dynamics from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $323.69.

Insider Buying and Selling at General Dynamics

In other news, Director Peter A. Wall sold 1,320 shares of the business’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 sale, the director now owns 3,592 shares in the company, valued at $1,106,515.60. The trade was a 26.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.52% of the company’s stock.

General Dynamics Trading Down 0.1 %

Shares of NYSE:GD opened at $279.70 on Friday. General Dynamics Co. has a 52-week low of $243.87 and a 52-week 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 company has a market capitalization of $76.91 billion, a P/E ratio of 21.30, a price-to-earnings-growth ratio of 1.70 and a beta of 0.61. The company has a 50-day simple moving average of $300.90 and a 200 day simple moving average of $296.05.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share (EPS) 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 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 quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the business earned $3.04 earnings per share. Sell-side analysts forecast that General Dynamics Co. will post 13.98 earnings per share for the current 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.