Prudent Man Advisors LLC Has $782,000 Stock Position in General Dynamics Co. (NYSE:GD)

Prudent Man Advisors LLC lessened its holdings in shares of General Dynamics Co. (NYSE:GD) by 2.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,589 shares of the aerospace company’s stock after selling 68 shares during the quarter. Prudent Man Advisors LLC’s holdings in General Dynamics were worth $782,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GD. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of General Dynamics in the first quarter worth $361,000. Acadian Asset Management LLC boosted its stake in shares of General Dynamics by 59.1% during the 1st quarter. Acadian Asset Management LLC now owns 2,377 shares of the aerospace company’s stock worth $670,000 after buying an additional 883 shares during the last quarter. Edgestream Partners L.P. grew its holdings in shares of General Dynamics by 116.2% in the 1st quarter. Edgestream Partners L.P. now owns 2,662 shares of the aerospace company’s stock valued at $752,000 after acquiring an additional 1,431 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of General Dynamics by 18.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 49,921 shares of the aerospace company’s stock valued at $14,102,000 after acquiring an additional 7,670 shares during the last quarter. Finally, Clearbridge Investments LLC bought a new stake in General Dynamics during the first quarter worth about $493,000. 86.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on GD. Seaport Res Ptn cut shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Wells Fargo & Company boosted their target price on General Dynamics from $317.00 to $322.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Barclays raised their price target on General Dynamics from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Morgan Stanley upgraded shares of General Dynamics from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $293.00 to $345.00 in a research note on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on General Dynamics from $309.00 to $306.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, General Dynamics presently has a consensus rating of “Moderate Buy” and a consensus price target of $323.69.

General Dynamics Stock Down 1.5 %

General Dynamics stock opened at $287.99 on Monday. The stock has a market cap of $79.19 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 1.74 and a beta of 0.61. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.80 and a current ratio of 1.32. The firm’s 50-day simple moving average is $302.45 and its 200 day simple moving average is $296.34. General Dynamics Co. has a fifty-two week low of $243.87 and a fifty-two week high of $316.90.

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 analysts’ expectations of $11.65 billion. During the same quarter in the previous year, the business earned $3.04 EPS. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. Research analysts predict that General Dynamics Co. will post 13.98 EPS for the current fiscal year.

Insiders Place Their Bets

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were 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 of the company’s stock, valued at $1,106,515.60. This trade represents a 26.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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.