General Dynamics Co. (NYSE:GD) Shares Bought by Community Bank & Trust Waco Texas

Community Bank & Trust Waco Texas raised its stake in General Dynamics Co. (NYSE:GD) by 9.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,539 shares of the aerospace company’s stock after acquiring an additional 1,901 shares during the period. General Dynamics accounts for about 1.5% of Community Bank & Trust Waco Texas’ investment portfolio, making the stock its 24th biggest holding. Community Bank & Trust Waco Texas’ holdings in General Dynamics were worth $6,509,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. MFA Wealth Advisors LLC grew its holdings in shares of General Dynamics by 241.7% in the 3rd quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 58 shares during the last quarter. Hara Capital LLC acquired a new stake in shares of General Dynamics in the 3rd quarter valued at $26,000. New Covenant Trust Company N.A. acquired a new position in shares of General Dynamics during the 1st quarter valued at about $29,000. American Capital Advisory LLC bought a new position in shares of General Dynamics in the second quarter valued at approximately $29,000. Finally, Lowe Wealth Advisors LLC acquired a new position in General Dynamics during the 3rd quarter worth $30,000. 86.14% of the stock is currently owned by institutional investors.

Insider Activity at General Dynamics

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the 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 completion of the transaction, the director now owns 3,592 shares in the company, valued at $1,106,515.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is owned by corporate insiders.

General Dynamics Stock Down 0.6 %

NYSE:GD opened at $312.12 on Wednesday. General Dynamics Co. has a 1-year low of $243.52 and a 1-year high of $315.93. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.32 and a quick ratio of 0.80. The company has a market capitalization of $85.82 billion, a PE ratio of 23.77, a P/E/G ratio of 1.90 and a beta of 0.61. The firm’s 50-day moving average price is $301.91 and its 200-day moving average price is $295.91.

General Dynamics (NYSE:GD) last issued its earnings results 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 during the quarter, compared to analysts’ expectations of $11.65 billion. During the same quarter in the prior year, the business posted $3.04 EPS. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, equities analysts predict that General Dynamics Co. will post 13.97 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on GD shares. Citigroup increased their price target on shares of General Dynamics from $331.00 to $354.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Susquehanna upped their price target on General Dynamics from $333.00 to $352.00 and gave the stock a “positive” rating in a research report on Thursday, October 17th. Seaport Res Ptn cut General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of General Dynamics from $309.00 to $306.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Finally, Barclays upped their price objective on General Dynamics from $325.00 to $330.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Seven research 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, General Dynamics presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.69.

About General Dynamics

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.