General Dynamics Co. (NYSE:GD) Shares Purchased by Consolidated Planning Corp

Consolidated Planning Corp boosted its position in General Dynamics Co. (NYSE:GD) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,606 shares of the aerospace company’s stock after purchasing an additional 267 shares during the quarter. Consolidated Planning Corp’s holdings in General Dynamics were worth $6,227,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWC Advisors LLC. purchased a new position in General Dynamics during the third quarter worth approximately $771,000. Kingsview Wealth Management LLC boosted its position in shares of General Dynamics by 87.6% during the 1st quarter. Kingsview Wealth Management LLC now owns 14,690 shares of the aerospace company’s stock valued at $4,150,000 after acquiring an additional 6,858 shares during the last quarter. Olstein Capital Management L.P. boosted its position in shares of General Dynamics by 36.4% during the 3rd quarter. Olstein Capital Management L.P. now owns 15,000 shares of the aerospace company’s stock valued at $4,533,000 after acquiring an additional 4,000 shares during the last quarter. Clearbridge Investments LLC acquired a new stake in General Dynamics during the first quarter worth about $493,000. Finally, Peak Financial Advisors LLC purchased a new position in General Dynamics during the third quarter worth about $3,022,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on GD shares. Sanford C. Bernstein dropped their price target 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. Royal Bank of Canada increased their price objective on General Dynamics from $320.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Seaport Res Ptn downgraded General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Citigroup increased their price target on General Dynamics from $331.00 to $354.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, Susquehanna boosted their price objective on shares of General Dynamics from $333.00 to $352.00 and gave the company a “positive” rating in a report on Thursday, October 17th. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $323.69.

Insider Buying and Selling at General Dynamics

In related news, Director Peter A. Wall sold 1,320 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $308.05, for a total value of $406,626.00. Following the completion of the transaction, the director now directly owns 3,592 shares of the company’s stock, valued at $1,106,515.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.60% of the stock is owned by insiders.

General Dynamics Stock Performance

Shares of GD opened at $306.08 on Friday. The stock has a 50-day simple moving average of $301.25 and a 200-day simple moving average of $295.38. 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 Co. has a 1 year low of $238.31 and a 1 year high of $313.11. The stock has a market capitalization of $84.16 billion, a PE ratio of 23.31, a PEG ratio of 1.78 and a beta of 0.61.

General Dynamics (NYSE:GD) last posted its quarterly 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 for the quarter, compared to analyst estimates of $11.65 billion. During the same quarter last year, the firm earned $3.04 EPS. The company’s revenue was up 10.4% on a year-over-year basis. On average, analysts predict that General Dynamics Co. will post 13.97 earnings per share for the current fiscal 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.