Blackhawk Capital Partners LLC. Acquires 80 Shares of General Dynamics Co. (NYSE:GD)

Blackhawk Capital Partners LLC. lifted its holdings in General Dynamics Co. (NYSE:GD) by 1.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,285 shares of the aerospace company’s stock after buying an additional 80 shares during the period. Blackhawk Capital Partners LLC.’s holdings in General Dynamics were worth $1,295,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. MFA Wealth Advisors LLC raised its position in General Dynamics by 241.7% during the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 58 shares during the period. Hara Capital LLC purchased a new stake in shares of General Dynamics in the third quarter valued at $26,000. New Covenant Trust Company N.A. bought a new position in General Dynamics during the 1st quarter valued at about $29,000. American Capital Advisory LLC purchased a new stake in General Dynamics in the 2nd quarter worth about $29,000. Finally, Lowe Wealth Advisors LLC bought a new stake in General Dynamics in the third quarter worth about $30,000. Institutional investors own 86.14% of the company’s stock.

Insider Transactions at General Dynamics

In other 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 transaction of $406,626.00. Following the completion of the sale, the director now owns 3,592 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.52% of the company’s stock.

General Dynamics Stock Down 0.3 %

GD stock opened at $279.98 on Thursday. The company has a market capitalization of $76.99 billion, a P/E ratio of 21.32, a price-to-earnings-growth ratio of 1.70 and a beta of 0.61. General Dynamics Co. has a 12 month low of $243.87 and a 12 month high of $316.90. The firm’s fifty day simple moving average is $301.32 and its 200-day simple moving average is $296.16. 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 (NYSE:GD) last announced its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The company had revenue of $11.67 billion during the quarter, compared to analyst estimates of $11.65 billion. During the same period in the previous year, the firm posted $3.04 earnings per share. The company’s revenue was up 10.4% compared to the same quarter last year. As a group, equities research analysts forecast that General Dynamics Co. will post 13.98 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on GD shares. Deutsche Bank Aktiengesellschaft cut their target price on General Dynamics from $309.00 to $306.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Barclays raised their price target on shares of General Dynamics from $325.00 to $330.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Royal Bank of Canada upped their target price on shares of General Dynamics from $320.00 to $330.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Morgan Stanley upgraded General Dynamics from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $293.00 to $345.00 in a report on Friday, August 9th. Finally, Wells Fargo & Company lifted 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 given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $323.69.

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.