STAR Financial Bank Sells 523 Shares of General Dynamics Co. (NYSE:GD)

STAR Financial Bank lowered its stake in General Dynamics Co. (NYSE:GD) by 24.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,660 shares of the aerospace company’s stock after selling 523 shares during the period. STAR Financial Bank’s holdings in General Dynamics were worth $502,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in GD. MFA Wealth Advisors LLC grew its position in General Dynamics by 241.7% in the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 58 shares during the last quarter. Hara Capital LLC acquired a new stake in General Dynamics in the third quarter valued at approximately $26,000. New Covenant Trust Company N.A. acquired a new position in shares of General Dynamics during the first quarter worth $29,000. American Capital Advisory LLC bought a new position in shares of General Dynamics in the 2nd quarter valued at $29,000. Finally, Lowe Wealth Advisors LLC bought a new stake in General Dynamics during the 3rd quarter worth $30,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GD has been the subject of several research reports. Susquehanna increased their target price on General Dynamics from $333.00 to $352.00 and gave the company a “positive” rating in a research report on Thursday, October 17th. Seaport Res Ptn lowered shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. 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 report on Tuesday, October 29th. Sanford C. Bernstein cut 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. Finally, TD Cowen raised shares of General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 8th. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $323.69.

Insider Transactions at General Dynamics

In related news, Director Peter A. Wall sold 1,320 shares of General Dynamics stock in a transaction 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 completion of the sale, the director now owns 3,592 shares of the company’s stock, valued at approximately $1,106,515.60. This trade represents a 26.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.52% of the company’s stock.

General Dynamics Trading Down 0.3 %

Shares of GD stock opened at $279.98 on Thursday. The company has a market cap of $76.99 billion, a P/E ratio of 21.32, a PEG ratio of 1.70 and a beta of 0.61. General Dynamics Co. has a fifty-two week low of $243.87 and a fifty-two week high of $316.90. The stock has a 50 day simple moving average of $301.32 and a two-hundred day simple moving average of $296.16. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.80 and a current ratio of 1.32.

General Dynamics (NYSE:GD) last released its quarterly earnings data 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 business’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.04 EPS. Research analysts forecast that General Dynamics Co. will post 13.98 earnings per share for the current 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.