General Dynamics Co. (NYSE:GD) Shares Sold by Aberdeen Wealth Management LLC

Aberdeen Wealth Management LLC trimmed its position in General Dynamics Co. (NYSE:GD) by 7.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 958 shares of the aerospace company’s stock after selling 74 shares during the period. Aberdeen Wealth Management LLC’s holdings in General Dynamics were worth $289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MFA Wealth Advisors LLC raised its stake in shares of General Dynamics by 241.7% in the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 58 shares during the last quarter. Hara Capital LLC purchased a new position in General Dynamics during the 3rd quarter worth approximately $26,000. New Covenant Trust Company N.A. acquired a new stake in General Dynamics during the 1st quarter valued at approximately $29,000. American Capital Advisory LLC purchased a new stake in shares of General Dynamics in the 2nd quarter valued at $29,000. Finally, Lowe Wealth Advisors LLC acquired a new stake in shares of General Dynamics in the third quarter worth $30,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Transactions at General Dynamics

In related news, Director Peter A. Wall sold 1,320 shares of the stock in a transaction that occurred 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 owns 3,592 shares of the company’s stock, valued at approximately $1,106,515.60. This trade represents a 26.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on GD shares. Barclays upped their price target on shares of General Dynamics from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Citigroup raised their target price on General Dynamics from $331.00 to $354.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Royal Bank of Canada boosted their price target on General Dynamics from $320.00 to $330.00 and gave the company an “outperform” rating 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. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of General Dynamics from $309.00 to $306.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, General Dynamics has an average rating of “Moderate Buy” and a consensus target price of $323.69.

General Dynamics Price Performance

NYSE:GD opened at $286.00 on Tuesday. The stock has a 50 day moving average of $302.14 and a two-hundred day moving average of $296.33. General Dynamics Co. has a 12 month low of $243.87 and a 12 month high of $316.90. The firm has a market cap of $78.64 billion, a P/E ratio of 21.78, a price-to-earnings-growth ratio of 1.74 and a beta of 0.61. The company has a current ratio of 1.32, a quick ratio of 0.80 and a debt-to-equity ratio of 0.32.

General Dynamics (NYSE:GD) last issued its quarterly 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 firm had revenue of $11.67 billion for the quarter, compared to analysts’ expectations of $11.65 billion. General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.04 earnings per share. On average, analysts expect that General Dynamics Co. will post 13.98 earnings per share for the current fiscal year.

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.