Vectors Research Management LLC Trims Stock Holdings in General Dynamics Co. (NYSE:GD)

Vectors Research Management LLC trimmed its holdings in General Dynamics Co. (NYSE:GD) by 1.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,109 shares of the aerospace company’s stock after selling 159 shares during the period. Vectors Research Management LLC’s holdings in General Dynamics were worth $2,454,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of GD. First Business Financial Services Inc. boosted its position in shares of General Dynamics by 9.6% in the third quarter. First Business Financial Services Inc. now owns 6,244 shares of the aerospace company’s stock valued at $1,887,000 after acquiring an additional 547 shares during the period. Dearborn Partners LLC grew its position in shares of General Dynamics by 0.3% during the 3rd quarter. Dearborn Partners LLC now owns 57,065 shares of the aerospace company’s stock valued at $17,245,000 after purchasing an additional 173 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of General Dynamics by 10.9% during the third quarter. CIBC Asset Management Inc now owns 56,517 shares of the aerospace company’s stock worth $17,069,000 after purchasing an additional 5,536 shares in the last quarter. Intellectus Partners LLC purchased a new stake in General Dynamics in the third quarter valued at approximately $695,000. Finally, Balboa Wealth Partners bought a new stake in General Dynamics during the third quarter valued at approximately $212,000. Institutional investors 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 firm’s stock in a transaction that occurred 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 sale, the director now owns 3,592 shares of the company’s stock, valued at $1,106,515.60. This trade represents a 26.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.52% of the company’s stock.

General Dynamics Trading Down 6.9 %

NYSE GD opened at $292.42 on Friday. The stock’s 50 day moving average is $302.64 and its 200 day moving average is $296.23. The company has a quick ratio of 0.80, a current ratio of 1.32 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $80.41 billion, a PE ratio of 22.27, a P/E/G ratio of 1.90 and a beta of 0.61. General Dynamics Co. has a twelve month low of $243.87 and a twelve month high of $316.90.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share 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 business had revenue of $11.67 billion during the quarter, compared to analysts’ expectations of $11.65 billion. During the same period in the prior year, the company earned $3.04 earnings per share. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. Research analysts forecast that General Dynamics Co. will post 13.97 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GD. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of General Dynamics from $309.00 to $306.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Seaport Res Ptn lowered General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Morgan Stanley raised shares of General Dynamics from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $293.00 to $345.00 in a research note on Friday, August 9th. Royal Bank of Canada increased their price target on shares of General Dynamics from $320.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, TD Cowen upgraded shares of General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 8th. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.