Associated Banc Corp Has $334,000 Holdings in General Dynamics Co. (NYSE:GD)

Associated Banc Corp boosted its holdings in shares of General Dynamics Co. (NYSE:GD) by 7.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,104 shares of the aerospace company’s stock after buying an additional 75 shares during the quarter. Associated Banc Corp’s holdings in General Dynamics were worth $334,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in GD. Hancock Whitney Corp lifted its stake in shares of General Dynamics by 1.3% in the third quarter. Hancock Whitney Corp now owns 7,634 shares of the aerospace company’s stock worth $2,307,000 after buying an additional 100 shares during the last quarter. Truvestments Capital LLC acquired a new position in General Dynamics during the 3rd quarter worth $74,000. DRW Securities LLC bought a new stake in General Dynamics during the third quarter valued at about $656,000. Independent Advisor Alliance increased its stake in shares of General Dynamics by 12.9% in the third quarter. Independent Advisor Alliance now owns 23,373 shares of the aerospace company’s stock worth $7,063,000 after purchasing an additional 2,662 shares during the period. Finally, Dynamic Technology Lab Private Ltd increased its stake in shares of General Dynamics by 56.0% in the third quarter. Dynamic Technology Lab Private Ltd now owns 15,494 shares of the aerospace company’s stock worth $4,682,000 after purchasing an additional 5,559 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Activity at General Dynamics

In other General Dynamics 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 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. 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 accessible through the SEC website. 1.60% of the stock is owned by company insiders.

General Dynamics Trading Down 0.2 %

GD opened at $281.30 on Tuesday. General Dynamics Co. has a 1-year low of $243.87 and a 1-year high of $316.90. The firm has a 50-day moving average price of $299.91 and a two-hundred day moving average price of $295.92. The stock has a market capitalization of $77.35 billion, a PE ratio of 21.42, a PEG ratio of 1.70 and a beta of 0.61. The company has a current ratio of 1.32, a quick ratio of 0.80 and a debt-to-equity ratio of 0.32.

General Dynamics (NYSE:GD) last posted its quarterly earnings data 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 firm had revenue of $11.67 billion for the quarter, compared to analyst estimates of $11.65 billion. General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the company posted $3.04 EPS. As a group, equities analysts anticipate that General Dynamics Co. will post 13.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on GD. Seaport Res Ptn downgraded General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft cut their target price on shares of General Dynamics from $309.00 to $306.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Susquehanna boosted their price objective on shares of General Dynamics from $333.00 to $352.00 and gave the stock a “positive” rating in a report on Thursday, October 17th. Sanford C. Bernstein reduced their target price on shares of General Dynamics from $343.00 to $331.00 and set a “market perform” rating for the company in a research note on Thursday, October 24th. Finally, Royal Bank of Canada upped their price target on General Dynamics from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Seven investment 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’s stock. According to data from MarketBeat.com, General Dynamics has an average rating of “Moderate Buy” and an average price target of $323.69.

General Dynamics 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.