J. W. Coons Advisors LLC reduced its stake in shares of General Dynamics Co. (NYSE:GD – Free Report) by 60.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 735 shares of the aerospace company’s stock after selling 1,110 shares during the quarter. J. W. Coons Advisors LLC’s holdings in General Dynamics were worth $222,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. MFA Wealth Advisors LLC raised its position 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 acquiring an additional 58 shares during the period. Hara Capital LLC acquired a new stake in General Dynamics in the 3rd quarter valued at $26,000. New Covenant Trust Company N.A. purchased a new position in General Dynamics during the first quarter valued at $29,000. American Capital Advisory LLC purchased a new position in shares of General Dynamics in the second quarter valued at approximately $29,000. Finally, Lowe Wealth Advisors LLC purchased a new stake in shares of General Dynamics during the third quarter worth approximately $30,000. 86.14% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the stock. Sanford C. Bernstein reduced their target price 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. Seaport Res Ptn lowered General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of General Dynamics from $309.00 to $306.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Wells Fargo & Company increased their price target 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. Finally, Royal Bank of Canada increased their price objective on General Dynamics from $320.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $323.69.
Insider Transactions at General Dynamics
In related news, Director Peter A. Wall sold 1,320 shares of General Dynamics stock in a transaction on Monday, September 16th. The shares were sold at an average price of $308.05, for a total transaction of $406,626.00. Following the sale, the director now directly owns 3,592 shares in the company, valued at $1,106,515.60. This trade represents a 26.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.52% of the company’s stock.
General Dynamics Trading Down 1.5 %
NYSE GD opened at $287.99 on Monday. 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 moving average of $302.45 and a two-hundred day moving average of $296.34. The stock has a market capitalization of $79.19 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 1.74 and a beta of 0.61. 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 – Get Free Report) last posted its earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing the consensus estimate of $3.48 by ($0.13). The business had revenue of $11.67 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the company earned $3.04 EPS. As a group, research analysts expect that General Dynamics Co. will post 13.98 EPS for the current fiscal year.
General Dynamics 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.
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