Captrust Financial Advisors Acquires 290 Shares of General Dynamics Co. (NYSE:GD)

Captrust Financial Advisors raised its stake in General Dynamics Co. (NYSE:GD) by 0.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,004 shares of the aerospace company’s stock after acquiring an additional 290 shares during the quarter. Captrust Financial Advisors’ holdings in General Dynamics were worth $11,485,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of GD. MFA Wealth Advisors LLC boosted its holdings in General Dynamics by 241.7% in the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 58 shares during the last quarter. Hara Capital LLC bought a new position in shares of General Dynamics in the 3rd quarter valued at about $26,000. American Capital Advisory LLC acquired a new stake in shares of General Dynamics during the 2nd quarter worth approximately $29,000. Lowe Wealth Advisors LLC bought a new stake in shares of General Dynamics during the third quarter worth approximately $30,000. Finally, Atlantic Edge Private Wealth Management LLC lifted its holdings in General Dynamics by 120.0% in the second quarter. Atlantic Edge Private Wealth Management LLC now owns 110 shares of the aerospace company’s stock valued at $32,000 after buying an additional 60 shares during the period. 86.14% of the stock is owned by institutional investors.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $280.91, for a total transaction of $1,556,241.40. Following the transaction, the vice president now owns 20,296 shares of the company’s stock, valued at $5,701,349.36. The trade was a 21.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Peter A. Wall sold 1,320 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 3,592 shares of the company’s stock, valued at approximately $1,106,515.60. The trade was a 26.87 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.52% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on GD. Deutsche Bank Aktiengesellschaft dropped their target price on shares of General Dynamics from $309.00 to $306.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Morgan Stanley raised General Dynamics from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $293.00 to $345.00 in a research note on Friday, August 9th. Susquehanna boosted 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. Barclays increased their price target on shares of General Dynamics from $325.00 to $330.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Finally, Seaport Res Ptn cut shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Seven research 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $323.69.

General Dynamics Stock Up 0.6 %

NYSE:GD opened at $284.01 on Monday. The stock has a 50-day simple moving average of $298.17 and a 200 day simple moving average of $295.58. General Dynamics Co. has a 52-week low of $245.01 and a 52-week high of $316.90. The company has a market cap of $78.09 billion, a PE ratio of 21.63, a PEG ratio of 1.72 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.

General Dynamics (NYSE:GD) last issued 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 business 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 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 earnings per share. On average, sell-side analysts expect that General Dynamics Co. will post 13.98 EPS for the current fiscal year.

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.