Kirtland Hills Capital Management LLC Has $1.37 Million Stake in General Dynamics Co. (NYSE:GD)

Kirtland Hills Capital Management LLC boosted its holdings in General Dynamics Co. (NYSE:GD) by 2.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,544 shares of the aerospace company’s stock after buying an additional 121 shares during the period. Kirtland Hills Capital Management LLC’s holdings in General Dynamics were worth $1,373,000 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 GD. MFA Wealth Advisors LLC boosted 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 valued at $25,000 after buying an additional 58 shares during the period. Hara Capital LLC acquired a new position in General Dynamics in the 3rd quarter worth $26,000. New Covenant Trust Company N.A. bought a new position in General Dynamics during the 1st quarter worth about $29,000. American Capital Advisory LLC acquired a new stake in shares of General Dynamics in the 2nd quarter valued at about $29,000. Finally, Lowe Wealth Advisors LLC bought a new stake in shares of General Dynamics in the third quarter valued at about $30,000. 86.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on GD shares. Wells Fargo & Company boosted their price target on shares of General Dynamics from $317.00 to $322.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Susquehanna lifted their target price on General Dynamics from $333.00 to $352.00 and gave the stock a “positive” rating in a research note on Thursday, October 17th. Morgan Stanley upgraded shares of General Dynamics from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $293.00 to $345.00 in a research report on Friday, August 9th. Sanford C. Bernstein decreased their target price on General Dynamics from $343.00 to $331.00 and set a “market perform” rating on the stock in a research report on Thursday, October 24th. Finally, Royal Bank of Canada lifted their price target on General Dynamics from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Seven 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $323.69.

General Dynamics Trading Down 1.8 %

Shares of GD opened at $280.98 on Wednesday. The firm has a 50 day moving average price of $301.71 and a 200-day moving average price of $296.28. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.80 and a current ratio of 1.32. General Dynamics Co. has a fifty-two week low of $243.87 and a fifty-two week high of $316.90. The firm has a market cap of $77.26 billion, a price-to-earnings ratio of 21.40, a PEG ratio of 1.74 and a beta of 0.61.

General Dynamics (NYSE:GD) last released its quarterly earnings data 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). The company had revenue of $11.67 billion for 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 revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the company posted $3.04 EPS. As a group, equities research analysts forecast that General Dynamics Co. will post 13.98 earnings per share for the current year.

Insider Transactions at General Dynamics

In related news, Director Peter A. Wall sold 1,320 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $308.05, for a total value of $406,626.00. Following 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.60% of the company’s stock.

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.