General Dynamics Co. (NYSE:GD) Stock Holdings Lessened by Moran Wealth Management LLC

Moran Wealth Management LLC trimmed its stake in General Dynamics Co. (NYSE:GD) by 1.6% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 57,765 shares of the aerospace company’s stock after selling 919 shares during the quarter. Moran Wealth Management LLC’s holdings in General Dynamics were worth $17,457,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Acadian Asset Management LLC raised its holdings in General Dynamics by 59.1% during the first quarter. Acadian Asset Management LLC now owns 2,377 shares of the aerospace company’s stock worth $670,000 after purchasing an additional 883 shares in the last quarter. Edgestream Partners L.P. boosted its stake in shares of General Dynamics by 116.2% during the 1st quarter. Edgestream Partners L.P. now owns 2,662 shares of the aerospace company’s stock valued at $752,000 after buying an additional 1,431 shares during the period. Clearbridge Investments LLC bought a new position in General Dynamics during the first quarter valued at approximately $493,000. Bessemer Group Inc. increased its position in General Dynamics by 16.8% during the first quarter. Bessemer Group Inc. now owns 14,114 shares of the aerospace company’s stock worth $3,989,000 after buying an additional 2,031 shares during the last quarter. Finally, Lake Street Advisors Group LLC increased its holdings in shares of General Dynamics by 35.2% during the 1st quarter. Lake Street Advisors Group LLC now owns 3,052 shares of the aerospace company’s stock valued at $862,000 after acquiring an additional 794 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

General Dynamics Price Performance

NYSE GD traded down $1.92 during trading hours on Wednesday, reaching $279.04. 136,007 shares of the stock traded hands, compared to its average volume of 1,100,384. The company has a market cap of $76.73 billion, a price-to-earnings ratio of 21.40, a price-to-earnings-growth ratio of 1.74 and a beta of 0.61. The stock has a 50 day simple moving average of $301.71 and a two-hundred day simple moving average of $296.28. 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 Co. has a 1 year low of $243.87 and a 1 year high of $316.90.

General Dynamics (NYSE:GD) last announced 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 the consensus estimate of $11.65 billion. During the same period last year, the business earned $3.04 EPS. General Dynamics’s revenue was up 10.4% on a year-over-year basis. On average, analysts predict that General Dynamics Co. will post 13.98 EPS for the current fiscal year.

Insider Transactions at General Dynamics

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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

GD has been the subject of several research reports. Susquehanna increased their price objective on General Dynamics from $333.00 to $352.00 and gave the company a “positive” rating in a research report on Thursday, October 17th. Citigroup lifted their price target on General Dynamics from $331.00 to $354.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Morgan Stanley upgraded shares of 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 raised General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 8th. Finally, Royal Bank of Canada raised their price objective on shares of General Dynamics from $320.00 to $330.00 and gave the stock an “outperform” rating 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $323.69.

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.