General Dynamics Co. (NYSE:GD) Position Trimmed by JB Capital LLC

JB Capital LLC trimmed its stake in General Dynamics Co. (NYSE:GD) by 8.3% in the third quarter, Holdings Channel.com reports. The firm owned 1,065 shares of the aerospace company’s stock after selling 97 shares during the quarter. JB Capital LLC’s holdings in General Dynamics were worth $322,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in GD. MFA Wealth Advisors LLC raised its holdings in shares of 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 acquiring an additional 58 shares in the last quarter. New Covenant Trust Company N.A. acquired a new position in General Dynamics in the 1st quarter worth about $29,000. American Capital Advisory LLC purchased a new stake in shares of General Dynamics during the 2nd quarter worth about $29,000. Lowe Wealth Advisors LLC acquired a new stake in shares of General Dynamics during the 3rd quarter valued at about $30,000. Finally, Beacon Capital Management LLC grew its stake in shares of General Dynamics by 1,144.4% in the 1st quarter. Beacon Capital Management LLC now owns 112 shares of the aerospace company’s stock valued at $32,000 after buying an additional 103 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity 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 transaction of $406,626.00. Following the completion of the sale, the director now owns 3,592 shares in the company, valued at $1,106,515.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Barclays raised their price target on shares of General Dynamics from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Sanford C. Bernstein cut their target price on General Dynamics from $343.00 to $331.00 and set a “market perform” rating on the stock in a report on Thursday, October 24th. TD Cowen upgraded General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 8th. Wells Fargo & Company raised their price objective on General Dynamics from $317.00 to $322.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Finally, Susquehanna upped their target price on General Dynamics from $333.00 to $352.00 and gave the stock a “positive” rating in a research report on Thursday, October 17th. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, General Dynamics has a consensus rating of “Moderate Buy” and a consensus target price of $323.69.

General Dynamics Trading Down 0.8 %

GD stock opened at $306.08 on Friday. The business has a fifty day moving average price of $301.25 and a 200 day moving average price of $295.38. 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 fifty-two week low of $238.31 and a fifty-two week high of $313.11. The stock has a market capitalization of $84.16 billion, a price-to-earnings ratio of 23.31, a P/E/G ratio of 1.78 and a beta of 0.61.

General Dynamics (NYSE:GD) last issued its quarterly 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). General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. The company had revenue of $11.67 billion for the quarter, compared to analyst estimates of $11.65 billion. During the same quarter last year, the company earned $3.04 EPS. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. Analysts expect that General Dynamics Co. will post 13.97 EPS for the current fiscal year.

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.