General Dynamics Co. (NYSE:GD) Stock Position Raised by Independent Advisor Alliance

Independent Advisor Alliance lifted its position in General Dynamics Co. (NYSE:GD) by 12.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,373 shares of the aerospace company’s stock after buying an additional 2,662 shares during the quarter. Independent Advisor Alliance’s holdings in General Dynamics were worth $7,063,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in GD. MFA Wealth Advisors LLC increased its stake in shares of General Dynamics by 241.7% during the 3rd quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 58 shares during the last quarter. Hara Capital LLC acquired a new position in General Dynamics during the third quarter worth $26,000. American Capital Advisory LLC bought a new position in General Dynamics during the second quarter valued at about $29,000. Lowe Wealth Advisors LLC acquired a new stake in shares of General Dynamics in the third quarter worth about $30,000. Finally, New Covenant Trust Company N.A. bought a new stake in shares of General Dynamics during the 1st quarter worth about $29,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Price Performance

Shares of GD stock opened at $281.81 on Monday. The company has a current ratio of 1.32, a quick ratio of 0.80 and a debt-to-equity ratio of 0.32. The firm’s 50 day moving average is $300.44 and its 200-day moving average is $296.02. General Dynamics Co. has a 1 year low of $243.87 and a 1 year high of $316.90. The firm has a market capitalization of $77.49 billion, a price-to-earnings ratio of 21.46, a PEG ratio of 1.70 and a beta of 0.61.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share 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 analyst estimates 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 quarter in the prior year, the company earned $3.04 earnings per share. Sell-side analysts forecast that General Dynamics Co. will post 13.98 EPS for the current fiscal year.

Insider Buying and Selling at General Dynamics

In other news, Director Peter A. Wall sold 1,320 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $308.05, for a total value of $406,626.00. Following the completion of the transaction, the director now owns 3,592 shares in the company, valued at $1,106,515.60. This trade represents a 26.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

GD has been the subject of several analyst reports. Susquehanna boosted their target price on General Dynamics from $333.00 to $352.00 and gave the stock a “positive” rating in a report on Thursday, October 17th. TD Cowen upgraded shares of General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft lowered 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 note on Friday, November 1st. Sanford C. Bernstein cut their target price on shares of 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. Finally, Seaport Res Ptn downgraded General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, General Dynamics currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.69.

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.