Kirtland Hills Capital Management LLC Buys 121 Shares of General Dynamics Co. (NYSE:GD)

Kirtland Hills Capital Management LLC lifted its position in General Dynamics Co. (NYSE:GD) by 2.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,544 shares of the aerospace company’s stock after buying an additional 121 shares during the period. Kirtland Hills Capital Management LLC’s holdings in General Dynamics were worth $1,373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of GD. MFA Wealth Advisors LLC grew its holdings in 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 purchasing an additional 58 shares during the period. Hara Capital LLC purchased a new stake in shares of General Dynamics in the third quarter worth $26,000. New Covenant Trust Company N.A. purchased a new position in shares of General Dynamics during the 1st quarter valued at $29,000. American Capital Advisory LLC bought a new stake in General Dynamics during the second quarter valued at about $29,000. Finally, Lowe Wealth Advisors LLC bought a new stake in General Dynamics during the 3rd quarter valued at approximately $30,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at General Dynamics

In related news, Director Peter A. Wall sold 1,320 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $308.05, for a total transaction of $406,626.00. Following the transaction, the director now directly owns 3,592 shares in the company, valued at $1,106,515.60. The trade was a 26.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.60% of the company’s stock.

General Dynamics Stock Performance

General Dynamics stock opened at $280.98 on Wednesday. General Dynamics Co. has a fifty-two week low of $243.87 and a fifty-two week high of $316.90. The company has a market capitalization of $77.26 billion, a PE ratio of 21.40, a P/E/G ratio of 1.74 and a beta of 0.61. The company has a 50 day moving average price of $301.71 and a 200-day moving average price of $296.28. 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 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). The business 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 for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.04 EPS. As a group, equities analysts forecast that General Dynamics Co. will post 13.98 earnings per share for the current year.

Analyst Ratings Changes

GD has been the subject of a number of research analyst reports. Wells Fargo & Company increased their price objective on shares of General Dynamics from $317.00 to $322.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Royal Bank of Canada boosted their price target on shares of General Dynamics from $320.00 to $330.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Seaport Res Ptn cut General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Morgan Stanley upgraded shares of General Dynamics from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $293.00 to $345.00 in a report on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target 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 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. According to data from MarketBeat, General Dynamics presently has a consensus rating of “Moderate Buy” and a consensus 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.