Catalina Capital Group LLC Purchases 48 Shares of General Dynamics Co. (NYSE:GD)

Catalina Capital Group LLC increased its stake in General Dynamics Co. (NYSE:GD) by 4.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,042 shares of the aerospace company’s stock after purchasing an additional 48 shares during the period. Catalina Capital Group LLC’s holdings in General Dynamics were worth $315,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of GD. MFA Wealth Advisors LLC increased its position 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 period. New Covenant Trust Company N.A. bought a new position in General Dynamics in the first quarter valued at about $29,000. American Capital Advisory LLC bought a new position in General Dynamics in the second quarter valued at about $29,000. Lowe Wealth Advisors LLC bought a new position in General Dynamics in the third quarter valued at about $30,000. Finally, Beacon Capital Management LLC grew its position in General Dynamics by 1,144.4% in the first quarter. Beacon Capital Management LLC now owns 112 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 103 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on GD shares. Barclays lifted their target price 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 lowered General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. TD Cowen raised General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 8th. Wells Fargo & Company lifted their price target on General Dynamics from $317.00 to $322.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Finally, Royal Bank of Canada lifted their price target 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 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. Based on data from MarketBeat.com, General Dynamics has an average rating of “Moderate Buy” and a consensus target price of $323.69.

General Dynamics Stock Performance

Shares of GD stock opened at $308.43 on Thursday. The firm has a 50 day moving average of $301.25 and a 200-day moving average of $295.38. The company has a market cap of $84.81 billion, a price-to-earnings ratio of 23.49, a price-to-earnings-growth ratio of 1.78 and a beta of 0.61. 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 Co. has a 52 week low of $238.31 and a 52 week high of $313.11.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share for the quarter, missing the consensus estimate of $3.48 by ($0.13). The company had revenue of $11.67 billion during 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%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the firm posted $3.04 earnings per share. On average, equities analysts forecast that General Dynamics Co. will post 13.97 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Peter A. Wall sold 1,320 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $308.05, for a total transaction of $406,626.00. Following the completion of the sale, the director now owns 3,592 shares in the company, valued at $1,106,515.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

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.