Consolidated Planning Corp Buys 267 Shares of General Dynamics Co. (NYSE:GD)

Consolidated Planning Corp increased its stake in General Dynamics Co. (NYSE:GD) by 1.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,606 shares of the aerospace company’s stock after buying an additional 267 shares during the quarter. Consolidated Planning Corp’s holdings in General Dynamics were worth $6,227,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. MFA Wealth Advisors LLC grew its stake in shares of General Dynamics by 241.7% during the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after buying an additional 58 shares during the last quarter. Hara Capital LLC purchased a new stake in General Dynamics in the third quarter worth $26,000. New Covenant Trust Company N.A. bought a new stake in shares of General Dynamics during the first quarter worth $29,000. American Capital Advisory LLC purchased a new stake in shares of General Dynamics during the second quarter valued at $29,000. Finally, Lowe Wealth Advisors LLC bought a new position in shares of General Dynamics in the third quarter worth about $30,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of General Dynamics from $320.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Barclays boosted their price target on General Dynamics from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Seaport Res Ptn lowered General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft dropped their price target on General Dynamics from $309.00 to $306.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Finally, Citigroup lifted their price objective on General Dynamics from $331.00 to $354.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, General Dynamics currently has an average rating of “Moderate Buy” and an average target price of $323.69.

General Dynamics Trading Down 0.8 %

General Dynamics stock opened at $306.08 on Friday. The firm has a market cap of $84.16 billion, a PE ratio of 23.31, a P/E/G ratio of 1.78 and a beta of 0.61. General Dynamics Co. has a 12 month low of $238.31 and a 12 month high of $313.11. The stock’s 50 day simple moving average is $301.25 and its two-hundred day simple moving average is $295.38. 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 released 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). The firm 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 firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.04 EPS. Analysts anticipate that General Dynamics Co. will post 13.97 earnings per share for the current year.

Insider Activity at General Dynamics

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the firm’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 sale, the director now directly owns 3,592 shares of the company’s stock, valued at approximately $1,106,515.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is owned by company insiders.

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.