Investment Management Associates Inc. ADV Sells 12,002 Shares of General Dynamics Co. (NYSE:GD)

Investment Management Associates Inc. ADV lessened its holdings in General Dynamics Co. (NYSE:GD) by 42.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,477 shares of the aerospace company’s stock after selling 12,002 shares during the quarter. General Dynamics makes up approximately 1.9% of Investment Management Associates Inc. ADV’s investment portfolio, making the stock its 16th largest position. Investment Management Associates Inc. ADV’s holdings in General Dynamics were worth $4,979,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Jeppson Wealth Management LLC increased its position in General Dynamics by 3.8% during the 3rd quarter. Jeppson Wealth Management LLC now owns 955 shares of the aerospace company’s stock valued at $289,000 after purchasing an additional 35 shares during the period. WCM Investment Management LLC grew its position in shares of General Dynamics by 227.0% during the 3rd quarter. WCM Investment Management LLC now owns 6,390 shares of the aerospace company’s stock worth $1,918,000 after buying an additional 4,436 shares during the period. Nations Financial Group Inc. IA ADV grew its position in shares of General Dynamics by 13.1% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 11,083 shares of the aerospace company’s stock worth $3,349,000 after buying an additional 1,282 shares during the period. Ashton Thomas Securities LLC acquired a new stake in shares of General Dynamics during the 3rd quarter worth approximately $115,000. Finally, Los Angeles Capital Management LLC grew its position in shares of General Dynamics by 55.0% during the 3rd quarter. Los Angeles Capital Management LLC now owns 155,658 shares of the aerospace company’s stock worth $47,040,000 after buying an additional 55,240 shares during the period. Institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling at General Dynamics

In other news, Director Peter A. Wall sold 1,320 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $308.05, for a total transaction of $406,626.00. Following the completion of the transaction, the director now owns 3,592 shares of the company’s stock, valued at approximately $1,106,515.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.52% of the company’s stock.

General Dynamics Trading Up 1.4 %

Shares of General Dynamics stock opened at $313.91 on Tuesday. General Dynamics Co. has a 52-week low of $243.52 and a 52-week high of $315.93. The stock’s 50-day simple moving average is $301.62 and its 200 day simple moving average is $295.71. The stock has a market capitalization of $86.32 billion, a P/E ratio of 23.91, a P/E/G ratio of 1.87 and a beta of 0.61. 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 (NYSE:GD) last announced its quarterly earnings data 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 firm had revenue of $11.67 billion during the quarter, compared to the consensus estimate of $11.65 billion. General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The company’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.04 earnings per share. As a group, research analysts anticipate that General Dynamics Co. will post 13.97 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Wells Fargo & Company raised their price objective on shares of General Dynamics from $317.00 to $322.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Susquehanna lifted their price target on shares of General Dynamics from $333.00 to $352.00 and gave the company a “positive” rating in a research report on Thursday, October 17th. Citigroup lifted 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. Deutsche Bank Aktiengesellschaft dropped their price objective on General Dynamics from $309.00 to $306.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Finally, Barclays raised their price objective on General Dynamics from $325.00 to $330.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, 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.