2,170 Shares in General Dynamics Co. (NYSE:GD) Purchased by DRW Securities LLC

DRW Securities LLC purchased a new position in General Dynamics Co. (NYSE:GD) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,170 shares of the aerospace company’s stock, valued at approximately $656,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Silvercrest Asset Management Group LLC increased its holdings in shares of General Dynamics by 10.0% in the first quarter. Silvercrest Asset Management Group LLC now owns 7,466 shares of the aerospace company’s stock worth $2,109,000 after purchasing an additional 679 shares during the last quarter. Waverly Advisors LLC raised its holdings in shares of General Dynamics by 6.8% during the 1st quarter. Waverly Advisors LLC now owns 3,606 shares of the aerospace company’s stock worth $1,019,000 after acquiring an additional 231 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its position in shares of General Dynamics by 15.6% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 8,443 shares of the aerospace company’s stock valued at $2,385,000 after acquiring an additional 1,140 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of General Dynamics by 7.8% in the first quarter. Tidal Investments LLC now owns 4,704 shares of the aerospace company’s stock valued at $1,329,000 after purchasing an additional 340 shares in the last quarter. Finally, Beacon Capital Management LLC increased its position in General Dynamics by 1,144.4% in the first quarter. Beacon Capital Management LLC now owns 112 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 103 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GD has been the subject of a number of recent research reports. Seaport Res Ptn cut shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Morgan Stanley upgraded General Dynamics from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $293.00 to $345.00 in a research report on Friday, August 9th. TD Cowen upgraded General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 8th. Susquehanna lifted 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, Sanford C. Bernstein decreased their price target on General Dynamics from $343.00 to $331.00 and set a “market perform” rating on the stock in a report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $323.69.

Insider Buying and Selling

In other news, Director Peter A. Wall sold 1,320 shares of the business’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 transaction, the director now directly owns 3,592 shares of the company’s stock, valued at approximately $1,106,515.60. The trade was a 26.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Christopher J. Brady sold 5,540 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $280.91, for a total value of $1,556,241.40. Following the sale, the vice president now directly owns 20,296 shares in the company, valued at approximately $5,701,349.36. The trade was a 21.44 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

General Dynamics Stock Performance

Shares of NYSE:GD opened at $282.01 on Wednesday. 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 firm has a market cap of $77.54 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 1.70 and a beta of 0.61. The firm’s 50 day simple moving average is $299.47 and its 200-day simple moving average is $295.82. General Dynamics Co. has a one year low of $243.87 and a one year high of $316.90.

General Dynamics (NYSE:GD) last issued 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). General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The firm had revenue of $11.67 billion for the quarter, compared to the consensus estimate of $11.65 billion. During the same period last year, the firm earned $3.04 earnings per share. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, equities analysts predict that General Dynamics Co. will post 13.98 EPS 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.