Dynamic Technology Lab Private Ltd Purchases 5,559 Shares of General Dynamics Co. (NYSE:GD)

Dynamic Technology Lab Private Ltd raised its position in General Dynamics Co. (NYSE:GD) by 56.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,494 shares of the aerospace company’s stock after acquiring an additional 5,559 shares during the period. General Dynamics makes up approximately 0.5% of Dynamic Technology Lab Private Ltd’s holdings, making the stock its 17th biggest holding. Dynamic Technology Lab Private Ltd’s holdings in General Dynamics were worth $4,682,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in GD. MFA Wealth Advisors LLC raised its holdings in shares of General Dynamics by 241.7% in the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock worth $25,000 after buying an additional 58 shares during the last quarter. Hara Capital LLC acquired a new stake in General Dynamics during the 3rd quarter worth about $26,000. New Covenant Trust Company N.A. purchased a new stake in General Dynamics during the 1st quarter valued at about $29,000. American Capital Advisory LLC purchased a new stake in General Dynamics during the 2nd quarter valued at about $29,000. Finally, Lowe Wealth Advisors LLC purchased a new position in shares of General Dynamics in the third quarter worth about $30,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at General Dynamics

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $308.05, for a total value of $406,626.00. Following the completion of the sale, the director now directly owns 3,592 shares in the company, valued at $1,106,515.60. This represents a 26.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

GD has been the subject of a number of recent research reports. Barclays raised their price target on shares of General Dynamics from $325.00 to $330.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of General Dynamics from $309.00 to $306.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Morgan Stanley upgraded General Dynamics from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $293.00 to $345.00 in a research note on Friday, August 9th. Susquehanna raised their target price on General Dynamics from $333.00 to $352.00 and gave the stock a “positive” rating in a report on Thursday, October 17th. Finally, TD Cowen raised General Dynamics to a “strong-buy” rating in a report on Tuesday, October 8th. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $323.69.

General Dynamics Stock Up 0.7 %

GD stock opened at $281.81 on Monday. The stock has a market capitalization of $77.49 billion, a P/E ratio of 21.46, a P/E/G ratio of 1.70 and a beta of 0.61. General Dynamics Co. has a 52 week low of $243.87 and a 52 week high of $316.90. The firm has a 50-day simple moving average of $300.44 and a 200-day simple moving average of $296.02. The company has a quick ratio of 0.80, a current ratio of 1.32 and a debt-to-equity ratio of 0.32.

General Dynamics (NYSE:GD) last issued its quarterly earnings results 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). General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. The firm had revenue of $11.67 billion during the quarter, compared to analyst estimates of $11.65 billion. During the same period in the prior year, the firm earned $3.04 earnings per share. The business’s revenue was up 10.4% on a year-over-year basis. Equities analysts forecast that General Dynamics Co. will post 13.98 earnings per share for the current fiscal 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.