Cobblestone Capital Advisors LLC NY Has $306,000 Stake in General Dynamics Co. (NYSE:GD)

Cobblestone Capital Advisors LLC NY grew its stake in shares of General Dynamics Co. (NYSE:GD) by 4.2% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,012 shares of the aerospace company’s stock after buying an additional 41 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in General Dynamics were worth $306,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Fifth Third Wealth Advisors LLC raised its stake in shares of General Dynamics by 67.6% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 8,546 shares of the aerospace company’s stock valued at $2,583,000 after buying an additional 3,448 shares in the last quarter. Olstein Capital Management L.P. raised its position in General Dynamics by 36.4% in the third quarter. Olstein Capital Management L.P. now owns 15,000 shares of the aerospace company’s stock worth $4,533,000 after purchasing an additional 4,000 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in General Dynamics by 10.0% during the third quarter. Oppenheimer & Co. Inc. now owns 37,074 shares of the aerospace company’s stock worth $11,204,000 after purchasing an additional 3,363 shares during the period. Lummis Asset Management LP boosted its holdings in General Dynamics by 32.6% during the third quarter. Lummis Asset Management LP now owns 10,368 shares of the aerospace company’s stock valued at $3,133,000 after purchasing an additional 2,551 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of General Dynamics by 0.9% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 588,619 shares of the aerospace company’s stock valued at $177,881,000 after purchasing an additional 5,069 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

General Dynamics Trading Up 0.6 %

GD stock opened at $284.01 on Monday. The business has a fifty day moving average of $298.17 and a 200-day moving average of $295.58. The company has a market cap of $78.09 billion, a P/E ratio of 21.63, a PEG ratio of 1.72 and a beta of 0.61. General Dynamics Co. has a twelve month low of $245.01 and a twelve month high of $316.90. The company has a quick ratio of 0.80, a current ratio of 1.32 and a debt-to-equity ratio of 0.32.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). The business had revenue of $11.67 billion for the quarter, compared to analyst estimates 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 for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.04 earnings per share. As a group, equities research analysts expect that General Dynamics Co. will post 13.98 EPS for the current year.

Wall Street Analysts Forecast Growth

GD has been the topic of several recent analyst reports. Sanford C. Bernstein decreased their price target on General Dynamics from $343.00 to $331.00 and set a “market perform” rating on the stock in a research note on Thursday, October 24th. Barclays boosted their target price on shares of General Dynamics from $325.00 to $330.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Seaport Res Ptn cut shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Citigroup boosted their price target on shares of General Dynamics from $331.00 to $354.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of General Dynamics from $309.00 to $306.00 and set a “hold” rating for the company in a report on Friday, November 1st. Seven equities 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $323.69.

Insider Buying and Selling at General Dynamics

In other news, Director Peter A. Wall sold 1,320 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 3,592 shares of the company’s stock, valued at $1,106,515.60. This represents a 26.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Christopher J. Brady sold 5,540 shares of General Dynamics stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $280.91, for a total transaction of $1,556,241.40. Following the transaction, the vice president now directly owns 20,296 shares in the company, valued at $5,701,349.36. The trade was a 21.44 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.52% of the company’s stock.

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.