General Dynamics Co. (NYSE:GD) Shares Sold by Accretive Wealth Partners LLC

Accretive Wealth Partners LLC reduced its holdings in shares of General Dynamics Co. (NYSE:GD) by 3.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,380 shares of the aerospace company’s stock after selling 226 shares during the period. Accretive Wealth Partners LLC’s holdings in General Dynamics were worth $1,928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Acadian Asset Management LLC boosted its stake in General Dynamics by 59.1% in the 1st quarter. Acadian Asset Management LLC now owns 2,377 shares of the aerospace company’s stock worth $670,000 after purchasing an additional 883 shares in the last quarter. Clearbridge Investments LLC purchased a new stake in General Dynamics in the first quarter valued at $493,000. Canada Pension Plan Investment Board grew its position in General Dynamics by 33.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 199,644 shares of the aerospace company’s stock worth $56,397,000 after purchasing an additional 50,426 shares during the period. Kestra Advisory Services LLC raised its stake in shares of General Dynamics by 27.2% during the 1st quarter. Kestra Advisory Services LLC now owns 49,666 shares of the aerospace company’s stock valued at $14,030,000 after buying an additional 10,631 shares during the last quarter. Finally, BOKF NA lifted its holdings in shares of General Dynamics by 51.3% in the 1st quarter. BOKF NA now owns 61,625 shares of the aerospace company’s stock valued at $17,967,000 after buying an additional 20,907 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

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 shares were sold at an average price of $308.05, for a total value of $406,626.00. Following the sale, the director now directly owns 3,592 shares of the company’s stock, valued at approximately $1,106,515.60. The trade was a 26.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.52% of the stock is owned by insiders.

General Dynamics Trading Down 0.1 %

GD opened at $279.70 on Friday. 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’s 50 day simple moving average is $300.90 and its two-hundred day simple moving average is $296.05. The firm has a market capitalization of $76.91 billion, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of 1.70 and a beta of 0.61. General Dynamics Co. has a 1-year low of $243.87 and a 1-year high of $316.90.

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). The company had revenue of $11.67 billion during the quarter, compared to analysts’ expectations of $11.65 billion. General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.04 earnings per share. Analysts expect that General Dynamics Co. will post 13.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on GD shares. Seaport Res Ptn lowered General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. TD Cowen raised shares of General Dynamics to a “strong-buy” rating in a report on Tuesday, October 8th. Sanford C. Bernstein lowered their price target on shares of General Dynamics from $343.00 to $331.00 and set a “market perform” rating on the stock in a report on Thursday, October 24th. Citigroup lifted their price objective on shares of General Dynamics from $331.00 to $354.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, Morgan Stanley raised shares of General Dynamics from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $293.00 to $345.00 in a research note on Friday, August 9th. 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.