True Wealth Design LLC Makes New $34,000 Investment in General Dynamics Co. (NYSE:GD)

True Wealth Design LLC bought a new position in General Dynamics Co. (NYSE:GD) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 111 shares of the aerospace company’s stock, valued at approximately $34,000.

Several other hedge funds and other institutional investors also recently modified their holdings of GD. Semmax Financial Advisors Inc. grew its stake in General Dynamics by 2.1% in the 3rd quarter. Semmax Financial Advisors Inc. now owns 3,428 shares of the aerospace company’s stock valued at $1,075,000 after buying an additional 69 shares in the last quarter. Cobblestone Capital Advisors LLC NY grew its position in shares of General Dynamics by 4.2% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 1,012 shares of the aerospace company’s stock valued at $306,000 after purchasing an additional 41 shares in the last quarter. L.M. Kohn & Company purchased a new position in shares of General Dynamics in the third quarter valued at $201,000. Caisse DE Depot ET Placement DU Quebec lifted its holdings in General Dynamics by 5.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 213,652 shares of the aerospace company’s stock worth $64,566,000 after purchasing an additional 10,600 shares in the last quarter. Finally, Captrust Financial Advisors boosted its stake in General Dynamics by 0.8% in the 3rd quarter. Captrust Financial Advisors now owns 38,004 shares of the aerospace company’s stock worth $11,485,000 after purchasing an additional 290 shares during the period. Institutional investors own 86.14% of the company’s stock.

Insider Transactions at General Dynamics

In related news, VP Christopher J. Brady sold 5,540 shares of General Dynamics stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $280.91, for a total value of $1,556,241.40. Following the transaction, the vice president now directly owns 20,296 shares of the company’s stock, valued at $5,701,349.36. The trade was a 21.44 % decrease in their ownership of the stock. The sale was disclosed in a filing 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 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 $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

GD has been the topic of several analyst reports. Seaport Res Ptn cut General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Sanford C. Bernstein decreased their target price on shares of 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 raised shares of General Dynamics to a “strong-buy” rating in a report on Tuesday, October 8th. Morgan Stanley raised shares of General Dynamics from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $293.00 to $345.00 in a report on Friday, August 9th. Finally, Citigroup lifted their price objective on General Dynamics from $331.00 to $354.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $323.69.

General Dynamics Stock Up 0.6 %

Shares of NYSE GD opened at $284.01 on Monday. The stock has a market capitalization of $78.09 billion, a P/E ratio of 21.63, a PEG ratio of 1.72 and a beta of 0.61. General Dynamics Co. has a one year low of $245.01 and a one year high of $316.90. The firm’s 50 day simple moving average is $298.17 and its two-hundred day simple moving average is $295.58. 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 released its earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 EPS 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 net margin of 7.90% and a return on equity of 16.59%. General Dynamics’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the prior year, the business posted $3.04 EPS. As a group, 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.