Mizuho Securities USA LLC Has $5.05 Million Stake in General Dynamics Co. (NYSE:GD)

Mizuho Securities USA LLC lessened its holdings in shares of General Dynamics Co. (NYSE:GD) by 4.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,722 shares of the aerospace company’s stock after selling 804 shares during the period. Mizuho Securities USA LLC’s holdings in General Dynamics were worth $5,053,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. MFA Wealth Advisors LLC increased its holdings in General Dynamics by 241.7% in the 3rd 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 period. Hara Capital LLC acquired a new stake in shares of General Dynamics during the 3rd quarter worth approximately $26,000. New Covenant Trust Company N.A. bought a new position in General Dynamics in the first quarter valued at approximately $29,000. American Capital Advisory LLC acquired a new position in General Dynamics during the second quarter valued at approximately $29,000. Finally, Lowe Wealth Advisors LLC bought a new stake in General Dynamics during the third quarter worth $30,000. 86.14% of the stock is owned by institutional investors.

General Dynamics Trading Down 0.1 %

NYSE GD opened at $279.70 on Friday. The stock has a market capitalization of $76.91 billion, a price-to-earnings ratio of 21.30, a PEG ratio of 1.70 and a beta of 0.61. The business’s fifty day moving average is $300.90 and its 200-day moving average is $296.05. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.32 and a quick ratio of 0.80. General Dynamics Co. has a one year low of $243.87 and a one year high of $316.90.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The company had revenue of $11.67 billion during the quarter, compared to analysts’ expectations of $11.65 billion. During the same quarter in the previous year, the firm earned $3.04 earnings per share. The firm’s revenue was up 10.4% compared to the same quarter last year. Equities research analysts predict that General Dynamics Co. will post 13.98 EPS for the current year.

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 that occurred on Monday, September 16th. The shares were sold at an average price of $308.05, for a total value of $406,626.00. Following the sale, the director now owns 3,592 shares of the company’s stock, valued at $1,106,515.60. The trade was a 26.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GD. Royal Bank of Canada lifted their price target on General Dynamics from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. TD Cowen raised General Dynamics to a “strong-buy” rating in a report on Tuesday, October 8th. Seaport Res Ptn lowered shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Sanford C. Bernstein decreased their price target on General Dynamics from $343.00 to $331.00 and set a “market perform” rating for the company in a research note on Thursday, October 24th. Finally, Citigroup increased their price objective on shares of General Dynamics from $331.00 to $354.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Seven research 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 company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $323.69.

General Dynamics Company 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.