Entropy Technologies LP Decreases Position in General Dynamics Co. (NYSE:GD)

Entropy Technologies LP lessened its stake in General Dynamics Co. (NYSE:GD) by 65.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 2,889 shares of the aerospace company’s stock after selling 5,546 shares during the period. Entropy Technologies LP’s holdings in General Dynamics were worth $873,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in General Dynamics in the 1st quarter valued at about $361,000. Ledyard National Bank purchased a new stake in General Dynamics during the 1st quarter worth about $205,000. Beacon Investment Advisory Services Inc. grew its holdings in General Dynamics by 7.6% during the 1st quarter. Beacon Investment Advisory Services Inc. now owns 1,067 shares of the aerospace company’s stock worth $301,000 after acquiring an additional 75 shares in the last quarter. Kingsview Wealth Management LLC boosted its position in shares of General Dynamics by 87.6% during the 1st quarter. Kingsview Wealth Management LLC now owns 14,690 shares of the aerospace company’s stock worth $4,150,000 after acquiring an additional 6,858 shares in the last quarter. Finally, HBK Sorce Advisory LLC lifted its position in shares of General Dynamics by 1.1% during the 1st quarter. HBK Sorce Advisory LLC now owns 7,664 shares of the aerospace company’s stock worth $2,165,000 after buying an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Activity

In other news, Director Peter A. Wall sold 1,320 shares of General Dynamics 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 transaction, the director now directly owns 3,592 shares of the company’s stock, valued at $1,106,515.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.52% of the stock is currently owned by company insiders.

General Dynamics Stock Up 0.6 %

Shares of GD opened at $313.97 on Thursday. The company has a 50-day simple moving average of $302.25 and a 200-day simple moving average of $296.11. 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. The firm has a market capitalization of $86.33 billion, a P/E ratio of 23.91, a P/E/G ratio of 1.89 and a beta of 0.61.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. The business had revenue of $11.67 billion for the quarter, compared to the consensus estimate of $11.65 billion. During the same quarter last year, the company earned $3.04 earnings per share. The firm’s revenue was up 10.4% on a year-over-year basis. On average, equities research analysts expect that General Dynamics Co. will post 13.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on GD shares. TD Cowen upgraded shares of General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 8th. Royal Bank of Canada raised their target price on General Dynamics from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft decreased their price target 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. Morgan Stanley raised shares of General Dynamics from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $293.00 to $345.00 in a research note on Friday, August 9th. Finally, Citigroup increased their target price on General Dynamics from $331.00 to $354.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Seven 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $323.69.

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.