Maia Wealth LLC Makes New Investment in General Dynamics Co. (NYSE:GD)

Maia Wealth LLC bought a new position in General Dynamics Co. (NYSE:GD) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 766 shares of the aerospace company’s stock, valued at approximately $231,000.

A number of other hedge funds have also made changes to their positions in the company. CWC Advisors LLC. acquired a new position in General Dynamics in the third quarter worth $771,000. Kingsview Wealth Management LLC lifted its position in General Dynamics by 87.6% during the 1st quarter. Kingsview Wealth Management LLC now owns 14,690 shares of the aerospace company’s stock worth $4,150,000 after buying an additional 6,858 shares in the last quarter. Clearbridge Investments LLC bought a new stake in General Dynamics during the 1st quarter worth about $493,000. Peak Financial Advisors LLC acquired a new stake in General Dynamics in the 3rd quarter valued at about $3,022,000. Finally, Cetera Investment Advisers raised its stake in shares of General Dynamics by 291.4% in the first quarter. Cetera Investment Advisers now owns 96,539 shares of the aerospace company’s stock worth $27,271,000 after acquiring an additional 71,871 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Activity

In related news, Director Peter A. Wall sold 1,320 shares of the firm’s 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 sale, the director now directly owns 3,592 shares in the company, 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 hyperlink. Corporate insiders own 1.60% of the company’s stock.

General Dynamics Trading Up 4.0 %

Shares of NYSE GD opened at $308.43 on Thursday. The stock has a market cap of $84.81 billion, a price-to-earnings ratio of 23.49, a P/E/G ratio of 1.78 and a beta of 0.61. General Dynamics Co. has a twelve month low of $238.31 and a twelve month high of $313.11. 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 company’s fifty day moving average is $301.25 and its 200-day moving average is $295.38.

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). General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The business had revenue of $11.67 billion for the quarter, compared to the consensus estimate of $11.65 billion. During the same quarter last year, the firm earned $3.04 EPS. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. Equities research analysts predict that General Dynamics Co. will post 13.97 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GD. Royal Bank of Canada increased their price target on shares of General Dynamics from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Seaport Res Ptn lowered General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Susquehanna boosted their target price on General Dynamics from $333.00 to $352.00 and gave the stock a “positive” rating in a research report on Thursday, October 17th. TD Cowen upgraded General Dynamics to a “strong-buy” rating in a report on Tuesday, October 8th. Finally, Morgan Stanley upgraded General Dynamics from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $293.00 to $345.00 in a research report on Friday, August 9th. Seven equities 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’s stock. According to MarketBeat.com, the stock 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.