General Dynamics Co. (NYSE:GD) Shares Sold by Caprock Group LLC

Caprock Group LLC decreased its holdings in shares of General Dynamics Co. (NYSE:GD) by 0.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 8,434 shares of the aerospace company’s stock after selling 66 shares during the period. Caprock Group LLC’s holdings in General Dynamics were worth $2,549,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Coston McIsaac & Partners lifted its position in General Dynamics by 22.8% during the 3rd quarter. Coston McIsaac & Partners now owns 178 shares of the aerospace company’s stock worth $53,000 after acquiring an additional 33 shares during the period. Global X Japan Co. Ltd. lifted its holdings in shares of General Dynamics by 2.3% during the third quarter. Global X Japan Co. Ltd. now owns 1,482 shares of the aerospace company’s stock worth $448,000 after purchasing an additional 33 shares during the period. Grove Bank & Trust boosted its position in General Dynamics by 10.6% in the third quarter. Grove Bank & Trust now owns 354 shares of the aerospace company’s stock valued at $107,000 after buying an additional 34 shares during the last quarter. Trueblood Wealth Management LLC increased its holdings in General Dynamics by 1.6% in the 3rd quarter. Trueblood Wealth Management LLC now owns 2,223 shares of the aerospace company’s stock worth $672,000 after buying an additional 34 shares during the period. Finally, Modera Wealth Management LLC lifted its stake in General Dynamics by 0.4% during the 2nd quarter. Modera Wealth Management LLC now owns 8,120 shares of the aerospace company’s stock valued at $2,356,000 after acquiring an additional 35 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Trading Down 1.8 %

Shares of GD opened at $280.98 on Wednesday. General Dynamics Co. has a 52-week low of $243.87 and a 52-week high of $316.90. The stock has a market cap of $77.26 billion, a PE ratio of 21.40, a price-to-earnings-growth ratio of 1.74 and a beta of 0.61. The firm’s fifty day moving average is $301.71 and its two-hundred day moving average is $296.28. The company has a quick ratio of 0.80, a current ratio of 1.32 and a debt-to-equity ratio of 0.32.

General Dynamics (NYSE:GD) last announced its quarterly earnings data 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 company had revenue of $11.67 billion for the quarter, compared to analysts’ expectations of $11.65 billion. During the same quarter in the previous year, the business posted $3.04 EPS. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. Research analysts forecast that General Dynamics Co. will post 13.98 earnings per share for the current fiscal year.

Insider Activity

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GD. Citigroup raised their target price on shares of General Dynamics from $331.00 to $354.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft lowered their target price 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. Royal Bank of Canada raised their target price on General Dynamics from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Wells Fargo & Company boosted their price target on General Dynamics from $317.00 to $322.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Finally, Morgan Stanley raised shares of General Dynamics from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $293.00 to $345.00 in a report on Friday, August 9th. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $323.69.

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.