General Dynamics Co. (NYSE:GD) Shares Bought by Nicolet Advisory Services LLC

Nicolet Advisory Services LLC grew its position in General Dynamics Co. (NYSE:GD) by 2.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,176 shares of the aerospace company’s stock after acquiring an additional 115 shares during the quarter. Nicolet Advisory Services LLC’s holdings in General Dynamics were worth $1,251,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Massachusetts Financial Services Co. MA increased its stake in General Dynamics by 2.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,829,662 shares of the aerospace company’s stock valued at $2,366,124,000 after purchasing an additional 189,904 shares during the period. Price T Rowe Associates Inc. MD increased its position in General Dynamics by 2.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,782,612 shares of the aerospace company’s stock valued at $1,351,041,000 after acquiring an additional 115,063 shares during the period. Ameriprise Financial Inc. increased its position in General Dynamics by 2.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,071,803 shares of the aerospace company’s stock valued at $601,756,000 after acquiring an additional 47,915 shares during the period. Boston Partners raised its stake in General Dynamics by 1.4% during the 1st quarter. Boston Partners now owns 1,680,666 shares of the aerospace company’s stock valued at $474,927,000 after acquiring an additional 23,262 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of General Dynamics by 1.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,606,289 shares of the aerospace company’s stock valued at $466,049,000 after purchasing an additional 23,304 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Peter A. Wall sold 1,320 shares of the 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 approximately $1,106,515.60. This represents a 26.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.52% of the stock is currently owned by company insiders.

General Dynamics Stock Performance

NYSE GD opened at $281.81 on Friday. 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 stock has a market cap of $77.49 billion, a price-to-earnings ratio of 21.46, a price-to-earnings-growth ratio of 1.69 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 business has a fifty day moving average of $300.44 and a 200-day moving average of $295.98.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 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 firm had revenue of $11.67 billion during the quarter, compared to analysts’ expectations of $11.65 billion. During the same period in the previous year, the firm posted $3.04 earnings per share. The firm’s revenue was up 10.4% on a year-over-year basis. As a group, analysts predict that General Dynamics Co. will post 13.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GD has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft cut their price target on General Dynamics from $309.00 to $306.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Royal Bank of Canada raised their target price on shares of General Dynamics from $320.00 to $330.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Citigroup boosted their price target on shares of General Dynamics from $331.00 to $354.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Susquehanna raised their price objective on shares of General Dynamics from $333.00 to $352.00 and gave the company a “positive” rating in a research report on Thursday, October 17th. Finally, Sanford C. Bernstein dropped their target price on General Dynamics from $343.00 to $331.00 and set a “market perform” rating on the stock in a research report on Thursday, October 24th. Seven research 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 stock. According to MarketBeat, General Dynamics currently has a consensus rating of “Moderate Buy” and an average target price 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.