General Dynamics Co. (NYSE:GD) Shares Sold by Apollon Wealth Management LLC

Apollon Wealth Management LLC reduced its holdings in General Dynamics Co. (NYSE:GD) by 1.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,391 shares of the aerospace company’s stock after selling 295 shares during the quarter. Apollon Wealth Management LLC’s holdings in General Dynamics were worth $6,465,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of GD. Olstein Capital Management L.P. raised its holdings in General Dynamics by 36.4% during the third quarter. Olstein Capital Management L.P. now owns 15,000 shares of the aerospace company’s stock worth $4,533,000 after purchasing an additional 4,000 shares during the last quarter. CWC Advisors LLC. acquired a new position in General Dynamics during the third quarter worth $771,000. Kingsview Wealth Management LLC raised its holdings in General Dynamics by 87.6% during the first quarter. Kingsview Wealth Management LLC now owns 14,690 shares of the aerospace company’s stock worth $4,150,000 after purchasing an additional 6,858 shares during the last quarter. Clearbridge Investments LLC acquired a new position in General Dynamics during the first quarter worth $493,000. Finally, Peak Financial Advisors LLC acquired a new position in General Dynamics during the third quarter worth $3,022,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related 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 approximately $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 can be accessed through this link. Insiders own 1.52% of the company’s stock.

Analyst Ratings Changes

GD has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reduced their price objective on General Dynamics from $309.00 to $306.00 and set a “hold” rating for the company in a report on Friday, November 1st. Susquehanna boosted their price target on General Dynamics from $333.00 to $352.00 and gave the stock a “positive” rating in a report on Thursday, October 17th. Royal Bank of Canada boosted their price target on General Dynamics from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Sanford C. Bernstein cut their price target on General Dynamics from $343.00 to $331.00 and set a “market perform” rating for the company in a report on Thursday, October 24th. Finally, Citigroup boosted their price target on General Dynamics from $331.00 to $354.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, General Dynamics currently has an average rating of “Moderate Buy” and an average price target of $323.69.

General Dynamics Trading Up 1.4 %

Shares of GD opened at $313.91 on Tuesday. The stock’s 50-day moving average is $301.62 and its two-hundred day moving average is $295.71. The stock has a market cap of $86.32 billion, a PE ratio of 23.91, a P/E/G ratio of 1.87 and a beta of 0.61. General Dynamics Co. has a 12 month low of $243.52 and a 12 month high of $315.93. 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 (NYSE:GD) last issued 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 return on equity of 16.59% and a net margin of 7.90%. The company had revenue of $11.67 billion for the quarter, compared to analyst estimates of $11.65 billion. During the same quarter in the prior year, the firm earned $3.04 EPS. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. Equities analysts forecast that General Dynamics Co. will post 13.97 earnings per share for the current fiscal year.

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.