General Dynamics Co. (NYSE:GD) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC boosted its holdings in shares of General Dynamics Co. (NYSE:GD) by 23.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,014 shares of the aerospace company’s stock after purchasing an additional 2,452 shares during the period. Intech Investment Management LLC’s holdings in General Dynamics were worth $3,933,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GD. MFA Wealth Advisors LLC boosted its stake 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 buying an additional 58 shares during the last quarter. Hara Capital LLC purchased a new stake in General Dynamics in the 3rd quarter worth approximately $26,000. New Covenant Trust Company N.A. acquired a new stake in shares of General Dynamics during the 1st quarter worth approximately $29,000. American Capital Advisory LLC acquired a new stake in shares of General Dynamics during the 2nd quarter worth approximately $29,000. Finally, Lowe Wealth Advisors LLC purchased a new position in shares of General Dynamics during the 3rd quarter valued at approximately $30,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on GD. Morgan Stanley raised shares of General Dynamics from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $293.00 to $345.00 in a report on Friday, August 9th. TD Cowen upgraded General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 8th. Barclays increased their price target on General Dynamics from $325.00 to $330.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Seaport Res Ptn cut General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Finally, Wells Fargo & Company increased their target price on General Dynamics from $317.00 to $322.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $323.69.

General Dynamics Trading Up 0.7 %

Shares of General Dynamics stock opened at $281.81 on Friday. General Dynamics Co. has a 1-year low of $243.87 and a 1-year high of $316.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.32 and a quick ratio of 0.80. The stock has a market cap of $77.49 billion, a P/E ratio of 21.46, a P/E/G ratio of 1.70 and a beta of 0.61. The stock’s 50 day simple moving average is $300.44 and its 200-day simple moving average is $295.98.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.48 by ($0.13). The company 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 firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.04 earnings per share. Analysts predict that General Dynamics Co. will post 13.98 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Peter A. Wall sold 1,320 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $1,106,515.60. This represents a 26.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.52% of the stock is owned by insiders.

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.