Davis R M Inc. Has $412,000 Holdings in General Dynamics Co. (NYSE:GD)

Davis R M Inc. lowered its position in General Dynamics Co. (NYSE:GD) by 17.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,363 shares of the aerospace company’s stock after selling 290 shares during the period. Davis R M Inc.’s holdings in General Dynamics were worth $412,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. MFA Wealth Advisors LLC raised its stake in General Dynamics by 241.7% during 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 stake in General Dynamics during the 3rd quarter worth about $26,000. New Covenant Trust Company N.A. bought a new position in shares of General Dynamics in the 1st quarter worth about $29,000. American Capital Advisory LLC bought a new stake in shares of General Dynamics during the 2nd quarter valued at about $29,000. Finally, Lowe Wealth Advisors LLC acquired a new stake in General Dynamics during the third quarter worth approximately $30,000. 86.14% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the business’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 directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.60% of the company’s stock.

General Dynamics Stock Down 0.2 %

GD opened at $281.30 on Tuesday. General Dynamics Co. has a fifty-two week low of $243.87 and a fifty-two week 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 company’s 50-day moving average is $299.91 and its 200 day moving average is $295.92. The firm has a market capitalization of $77.35 billion, a P/E ratio of 21.42, a PEG ratio of 1.70 and a beta of 0.61.

General Dynamics (NYSE:GD) 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 firm had revenue of $11.67 billion for the quarter, compared to the consensus estimate of $11.65 billion. General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. General Dynamics’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business earned $3.04 EPS. Research analysts expect that General Dynamics Co. will post 13.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

GD has been the subject of several recent analyst reports. TD Cowen raised shares of General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 8th. Seaport Res Ptn downgraded shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of General Dynamics from $309.00 to $306.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Sanford C. Bernstein decreased their target price on 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. Finally, Barclays increased their price target on General Dynamics from $325.00 to $330.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Seven analysts have rated the stock with a hold rating, eleven have issued 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 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.