General Dynamics Co. (NYSE:GD) Stock Holdings Lifted by Hancock Whitney Corp

Hancock Whitney Corp grew its stake in shares of General Dynamics Co. (NYSE:GD) by 1.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 7,634 shares of the aerospace company’s stock after acquiring an additional 100 shares during the period. Hancock Whitney Corp’s holdings in General Dynamics were worth $2,307,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GD. MFA Wealth Advisors LLC lifted its position in shares of General Dynamics by 241.7% in the 3rd quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 58 shares in the last quarter. Hara Capital LLC purchased a new stake in shares of General Dynamics in the third quarter valued at $26,000. American Capital Advisory LLC acquired a new stake in shares of General Dynamics in the second quarter worth $29,000. Lowe Wealth Advisors LLC purchased a new position in shares of General Dynamics during the third quarter valued at $30,000. Finally, New Covenant Trust Company N.A. acquired a new position in General Dynamics during the first quarter valued at $29,000. 86.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on GD shares. Sanford C. Bernstein lowered their target price 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. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of General Dynamics from $309.00 to $306.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Morgan Stanley raised shares of General Dynamics from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $293.00 to $345.00 in a research note on Friday, August 9th. Susquehanna increased their price objective on General Dynamics from $333.00 to $352.00 and gave the stock a “positive” rating in a report on Thursday, October 17th. Finally, Barclays lifted their price objective on General Dynamics from $325.00 to $330.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Seven 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. According to data from MarketBeat.com, General Dynamics currently has an average rating of “Moderate Buy” and a consensus target price of $323.69.

General Dynamics Stock Down 0.2 %

General Dynamics stock opened at $281.30 on Tuesday. The firm has a market cap of $77.35 billion, a price-to-earnings ratio of 21.42, a P/E/G ratio of 1.70 and a beta of 0.61. The firm has a fifty day moving average price of $299.91 and a two-hundred day moving average price of $295.92. General Dynamics Co. has a fifty-two week low of $243.87 and a fifty-two week high of $316.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.32 and a quick ratio of 0.80.

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

Insider Activity at General Dynamics

In other news, Director Peter A. Wall sold 1,320 shares of General Dynamics 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 sale, the director now owns 3,592 shares of the company’s stock, valued at approximately $1,106,515.60. This trade represents a 26.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.60% of the company’s stock.

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.