General Dynamics Co. (NYSE:GD) Shares Acquired by Portside Wealth Group LLC

Portside Wealth Group LLC raised its stake in shares of General Dynamics Co. (NYSE:GD) by 7.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,908 shares of the aerospace company’s stock after purchasing an additional 419 shares during the period. Portside Wealth Group LLC’s holdings in General Dynamics were worth $1,785,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. CWC Advisors LLC. acquired a new stake in General Dynamics during the 3rd quarter worth approximately $771,000. Kingsview Wealth Management LLC increased its position in shares of General Dynamics by 87.6% in the first quarter. Kingsview Wealth Management LLC now owns 14,690 shares of the aerospace company’s stock worth $4,150,000 after acquiring an additional 6,858 shares in the last quarter. Olstein Capital Management L.P. raised its stake in shares of General Dynamics by 36.4% in the 3rd quarter. Olstein Capital Management L.P. now owns 15,000 shares of the aerospace company’s stock valued at $4,533,000 after acquiring an additional 4,000 shares during the period. Clearbridge Investments LLC acquired a new position in shares of General Dynamics during the 1st quarter valued at $493,000. Finally, Peak Financial Advisors LLC purchased a new stake in General Dynamics during the 3rd quarter worth $3,022,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insiders Place Their Bets

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $308.05, for a total value of $406,626.00. Following the transaction, the director now owns 3,592 shares of the company’s stock, valued at $1,106,515.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

GD has been the topic of a number of recent research reports. Wells Fargo & Company boosted their price objective on General Dynamics from $317.00 to $322.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Susquehanna boosted 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. Citigroup increased their price objective on shares of General Dynamics from $331.00 to $354.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Barclays boosted their target price on shares of General Dynamics from $325.00 to $330.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of General Dynamics from $309.00 to $306.00 and set a “hold” rating for the company in a report on Friday, November 1st. 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. Based on data from MarketBeat, General Dynamics presently has an average rating of “Moderate Buy” and a consensus price target of $323.69.

General Dynamics Stock Down 0.8 %

Shares of General Dynamics stock opened at $306.08 on Friday. The business has a 50-day moving average price of $301.25 and a 200 day moving average price of $295.38. General Dynamics Co. has a fifty-two week low of $238.31 and a fifty-two week high of $313.11. The firm has a market cap of $84.16 billion, a P/E ratio of 23.31, a P/E/G 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 (NYSE:GD) last issued its quarterly 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 net margin of 7.90% and a return on equity of 16.59%. The firm had revenue of $11.67 billion during the quarter, compared to the consensus estimate of $11.65 billion. During the same quarter last year, the firm posted $3.04 earnings per share. General Dynamics’s revenue was up 10.4% compared to the same quarter last year. On average, sell-side analysts forecast that General Dynamics Co. will post 13.97 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.