Hara Capital LLC Buys New Position in General Dynamics Co. (NYSE:GD)

Hara Capital LLC acquired a new stake in shares of General Dynamics Co. (NYSE:GD) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 85 shares of the aerospace company’s stock, valued at approximately $26,000.

Several other hedge funds also recently made changes to their positions in GD. Coston McIsaac & Partners increased its stake in General Dynamics by 22.8% in the 3rd quarter. Coston McIsaac & Partners now owns 178 shares of the aerospace company’s stock worth $53,000 after purchasing an additional 33 shares in the last quarter. Global X Japan Co. Ltd. grew its stake in General Dynamics by 2.3% during the 3rd quarter. Global X Japan Co. Ltd. now owns 1,482 shares of the aerospace company’s stock valued at $448,000 after acquiring an additional 33 shares in the last quarter. Grove Bank & Trust grew its position in General Dynamics by 10.6% during the third quarter. Grove Bank & Trust now owns 354 shares of the aerospace company’s stock valued at $107,000 after purchasing an additional 34 shares in the last quarter. Trueblood Wealth Management LLC increased its stake in General Dynamics by 1.6% in the 3rd quarter. Trueblood Wealth Management LLC now owns 2,223 shares of the aerospace company’s stock valued at $672,000 after buying an additional 34 shares during the period. Finally, Modera Wealth Management LLC lifted its position in General Dynamics by 0.4% in the 2nd quarter. Modera Wealth Management LLC now owns 8,120 shares of the aerospace company’s stock worth $2,356,000 after buying an additional 35 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Trading Down 0.8 %

Shares of General Dynamics stock opened at $306.08 on Friday. The company has a market cap of $84.16 billion, a price-to-earnings ratio of 23.31, a PEG ratio of 1.78 and a beta of 0.61. General Dynamics Co. has a 1 year low of $238.31 and a 1 year high of $313.11. The company’s fifty day simple moving average is $301.25 and its 200-day simple moving average is $295.38. 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 announced its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 EPS 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 for the quarter, compared to analyst estimates of $11.65 billion. During the same period in the prior year, the company posted $3.04 EPS. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. As a group, sell-side analysts expect that General Dynamics Co. will post 13.97 EPS for the current year.

Insider Buying and Selling

In related news, Director Peter A. Wall sold 1,320 shares of the company’s stock in a transaction dated 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

GD has been the topic of a number of research reports. Royal Bank of Canada upped 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. Wells Fargo & Company lifted their price target on General Dynamics from $317.00 to $322.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Susquehanna raised their price objective on shares of General Dynamics from $333.00 to $352.00 and gave the company a “positive” rating in a research report on Thursday, October 17th. Barclays lifted their target price on shares of General Dynamics from $325.00 to $330.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of General Dynamics from $309.00 to $306.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.