General Dynamics Co. (NYSE:GD) Shares Acquired by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC raised its position in shares of General Dynamics Co. (NYSE:GD) by 67.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,546 shares of the aerospace company’s stock after buying an additional 3,448 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in General Dynamics were worth $2,583,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of GD. MFA Wealth Advisors LLC increased its stake in General Dynamics by 241.7% during the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 58 shares during the last quarter. Hara Capital LLC bought a new stake in shares of General Dynamics during the 3rd quarter valued at about $26,000. New Covenant Trust Company N.A. acquired a new stake in General Dynamics during the first quarter worth about $29,000. American Capital Advisory LLC bought a new position in General Dynamics in the second quarter worth about $29,000. Finally, Lowe Wealth Advisors LLC acquired a new position in General Dynamics in the third quarter valued at approximately $30,000. Institutional investors own 86.14% of the company’s stock.

General Dynamics Trading Down 0.7 %

GD stock opened at $286.00 on Tuesday. The company has a current ratio of 1.32, a quick ratio of 0.80 and a debt-to-equity ratio of 0.32. The firm has a market cap of $78.64 billion, a P/E ratio of 21.78, a P/E/G ratio of 1.74 and a beta of 0.61. General Dynamics Co. has a 1-year low of $243.87 and a 1-year high of $316.90. The business’s 50 day moving average is $302.14 and its 200-day moving average is $296.33.

General Dynamics (NYSE:GD) last released its quarterly earnings data 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 analyst estimates of $11.65 billion. During the same quarter in the prior year, the company earned $3.04 earnings per share. The business’s revenue was up 10.4% compared to the same quarter last year. Equities analysts anticipate that General Dynamics Co. will post 13.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on GD shares. Barclays boosted their price objective on General Dynamics from $325.00 to $330.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Seaport Res Ptn cut shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Citigroup raised their price objective 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. TD Cowen upgraded General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 8th. Finally, 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 research note on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $323.69.

Insider Transactions at General Dynamics

In other news, Director Peter A. Wall sold 1,320 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was 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 in the company, valued at approximately $1,106,515.60. This trade represents a 26.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.60% of the company’s stock.

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.