Entropy Technologies LP Sells 5,546 Shares of General Dynamics Co. (NYSE:GD)

Entropy Technologies LP trimmed its position in General Dynamics Co. (NYSE:GD) by 65.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,889 shares of the aerospace company’s stock after selling 5,546 shares during the quarter. Entropy Technologies LP’s holdings in General Dynamics were worth $873,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. MFA Wealth Advisors LLC grew its holdings in shares of General Dynamics by 241.7% in the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 58 shares in the last quarter. Hara Capital LLC bought a new stake in shares of General Dynamics during the 3rd quarter worth $26,000. American Capital Advisory LLC purchased a new position in shares of General Dynamics in the 2nd quarter worth about $29,000. Lowe Wealth Advisors LLC bought a new position in General Dynamics during the third quarter valued at approximately $30,000. Finally, New Covenant Trust Company N.A. bought a new position in shares of General Dynamics during the 1st quarter valued at $29,000. 86.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GD. TD Cowen upgraded shares of General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of General Dynamics from $309.00 to $306.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Sanford C. Bernstein reduced their price objective on General Dynamics from $343.00 to $331.00 and set a “market perform” rating for the company in a research report on Thursday, October 24th. Wells Fargo & Company lifted their target price on shares of General Dynamics from $317.00 to $322.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Finally, Barclays increased their target price on General Dynamics from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, General Dynamics has a consensus rating of “Moderate Buy” and a consensus target price of $323.69.

General Dynamics Stock Up 0.6 %

General Dynamics stock opened at $313.97 on Thursday. The stock’s fifty day simple moving average is $302.25 and its 200-day simple moving average is $296.11. The firm has a market capitalization of $86.33 billion, a P/E ratio of 23.91, a P/E/G ratio of 1.89 and a beta of 0.61. General Dynamics Co. has a twelve month low of $243.87 and a twelve month high of $316.90. 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 posted its earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). The company had revenue of $11.67 billion during the quarter, compared to analysts’ expectations of $11.65 billion. General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the business earned $3.04 earnings per share. As a group, equities analysts expect that General Dynamics Co. will post 13.97 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Peter A. Wall sold 1,320 shares of the business’s stock in a transaction dated 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.52% of the stock is owned by insiders.

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.