General Dynamics Co. (NYSE:GD) Stock Holdings Lessened by CFS Investment Advisory Services LLC

CFS Investment Advisory Services LLC cut its stake in shares of General Dynamics Co. (NYSE:GD) by 0.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,657 shares of the aerospace company’s stock after selling 59 shares during the period. CFS Investment Advisory Services LLC’s holdings in General Dynamics were worth $2,314,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GD. MFA Wealth Advisors LLC increased its holdings in 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 buying an additional 58 shares during the last quarter. Hara Capital LLC acquired a new position in shares of General Dynamics during the 3rd quarter worth $26,000. New Covenant Trust Company N.A. acquired a new stake in shares of General Dynamics in the 1st quarter valued at $29,000. American Capital Advisory LLC bought a new stake in General Dynamics in the second quarter worth $29,000. Finally, Lowe Wealth Advisors LLC acquired a new position in General Dynamics during the third quarter worth $30,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Down 0.1 %

Shares of NYSE GD opened at $279.70 on Friday. The business has a fifty day moving average of $300.90 and a two-hundred day moving average of $296.05. 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 52-week low of $243.87 and a 52-week high of $316.90. The stock has a market cap of $76.91 billion, a PE ratio of 21.30, a PEG ratio of 1.70 and a beta of 0.61.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share for the quarter, missing the consensus estimate of $3.48 by ($0.13). The firm had revenue of $11.67 billion for the quarter, compared to analyst estimates of $11.65 billion. General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the business posted $3.04 EPS. As a group, equities research analysts expect that General Dynamics Co. will post 13.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on GD. TD Cowen raised General Dynamics to a “strong-buy” rating in a report on Tuesday, October 8th. Morgan Stanley raised shares of General Dynamics from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $293.00 to $345.00 in a research report on Friday, August 9th. Royal Bank of Canada upped 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. Sanford C. Bernstein decreased their price target on shares of General Dynamics from $343.00 to $331.00 and set a “market perform” rating for the company in a report on Thursday, October 24th. Finally, Citigroup lifted their price objective on General Dynamics from $331.00 to $354.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, General Dynamics currently has a consensus rating of “Moderate Buy” and an average target price of $323.69.

Insider Transactions at General Dynamics

In related news, Director Peter A. Wall sold 1,320 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was 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. This trade represents a 26.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.52% of the company’s stock.

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.