General Dynamics Co. (NYSE:GD) Stock Holdings Decreased by Cypress Capital Group

Cypress Capital Group lowered its stake in General Dynamics Co. (NYSE:GD) by 8.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,420 shares of the aerospace company’s stock after selling 225 shares during the period. Cypress Capital Group’s holdings in General Dynamics were worth $731,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Intech Investment Management LLC grew its position in shares of General Dynamics by 23.2% during the 3rd quarter. Intech Investment Management LLC now owns 13,014 shares of the aerospace company’s stock valued at $3,933,000 after buying an additional 2,452 shares during the last quarter. King Luther Capital Management Corp grew its position in shares of General Dynamics by 0.5% during the 3rd quarter. King Luther Capital Management Corp now owns 22,922 shares of the aerospace company’s stock valued at $6,927,000 after buying an additional 124 shares during the last quarter. Citizens Financial Group Inc. RI boosted its stake in General Dynamics by 0.8% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 23,758 shares of the aerospace company’s stock valued at $7,180,000 after purchasing an additional 190 shares during the period. Moors & Cabot Inc. boosted its stake in General Dynamics by 21.9% during the 3rd quarter. Moors & Cabot Inc. now owns 7,105 shares of the aerospace company’s stock valued at $2,147,000 after purchasing an additional 1,278 shares during the period. Finally, Altman Advisors Inc. acquired a new position in General Dynamics during the 3rd quarter valued at about $1,963,000. Institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Down 0.1 %

Shares of NYSE GD opened at $279.70 on Friday. The stock has a market cap of $76.91 billion, a P/E ratio of 21.30, a P/E/G ratio of 1.70 and a beta of 0.61. The firm has a 50 day moving average price of $300.90 and a 200 day moving average price of $296.05. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.80 and a current ratio of 1.32. General Dynamics Co. has a 52-week low of $243.87 and a 52-week high of $316.90.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share 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 analyst estimates 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 last year, the company earned $3.04 EPS. Analysts expect that General Dynamics Co. will post 13.98 EPS for the current year.

Insider Transactions at General Dynamics

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $308.05, for a total transaction of $406,626.00. Following the sale, the director now directly owns 3,592 shares of the company’s stock, valued at approximately $1,106,515.60. This represents a 26.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.52% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on GD shares. Citigroup boosted their target price on shares of General Dynamics from $331.00 to $354.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Seaport Res Ptn lowered shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Royal Bank of Canada raised their target price on shares of General Dynamics from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Wells Fargo & Company raised their target price on shares of General Dynamics from $317.00 to $322.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Finally, 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 report on Friday, August 9th. 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 company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.