General Dynamics Co. (NYSE:GD) Shares Bought by Associated Banc Corp

Associated Banc Corp boosted its holdings in General Dynamics Co. (NYSE:GD) by 7.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,104 shares of the aerospace company’s stock after buying an additional 75 shares during the period. Associated Banc Corp’s holdings in General Dynamics were worth $334,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. MFA Wealth Advisors LLC lifted its position in shares of General Dynamics by 241.7% during the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 58 shares in the last quarter. Hara Capital LLC acquired a new position in shares of General Dynamics in the 3rd quarter worth approximately $26,000. New Covenant Trust Company N.A. bought a new stake in shares of General Dynamics in the 1st quarter valued at approximately $29,000. American Capital Advisory LLC acquired a new stake in shares of General Dynamics during the 2nd quarter valued at approximately $29,000. Finally, Lowe Wealth Advisors LLC bought a new position in shares of General Dynamics in the 3rd quarter worth about $30,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

GD has been the topic of a number of analyst reports. Wells Fargo & Company increased their price objective 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. Deutsche Bank Aktiengesellschaft decreased their price objective 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. Susquehanna upped their target price on General Dynamics from $333.00 to $352.00 and gave the stock a “positive” rating in a research report on Thursday, October 17th. Sanford C. Bernstein lowered their price target on General Dynamics from $343.00 to $331.00 and set a “market perform” rating on the stock in a research report on Thursday, October 24th. Finally, Royal Bank of Canada upped their price objective on General Dynamics from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, General Dynamics has a consensus rating of “Moderate Buy” and an average target price of $323.69.

Insider Buying and Selling at General Dynamics

In other General Dynamics 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 value of $406,626.00. Following the transaction, the director now owns 3,592 shares in the company, valued at $1,106,515.60. The trade was a 26.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.60% of the company’s stock.

General Dynamics Stock Performance

Shares of GD stock opened at $281.30 on Tuesday. The company has a market capitalization of $77.35 billion, a price-to-earnings ratio of 21.42, a P/E/G ratio of 1.70 and a beta of 0.61. General Dynamics Co. has a 1-year low of $243.87 and a 1-year 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. The stock’s fifty day simple moving average is $299.91 and its 200-day simple moving average is $295.92.

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 the consensus estimate of $3.48 by ($0.13). The business had revenue of $11.67 billion for 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 revenue was up 10.4% compared to the same quarter last year. During the same period last year, the firm earned $3.04 EPS. On average, sell-side analysts predict that General Dynamics Co. will post 13.98 earnings per share for the current fiscal year.

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.