General Dynamics Co. (NYSE:GD) Short Interest Update

General Dynamics Co. (NYSE:GD) saw a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 3,080,000 shares, a growth of 14.5% from the October 15th total of 2,690,000 shares. Based on an average daily trading volume, of 1,150,000 shares, the short-interest ratio is presently 2.7 days. Currently, 1.1% of the company’s stock are sold short.

Analyst Ratings Changes

GD has been the subject of several analyst reports. TD Cowen upgraded General Dynamics to a “strong-buy” rating in a report on Tuesday, October 8th. Citigroup upped their price objective on General Dynamics from $331.00 to $354.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. 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 report on Friday, November 1st. Wells Fargo & Company increased their price target on shares of General Dynamics from $317.00 to $322.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Finally, Barclays upped their target price on shares of General Dynamics from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.69.

General Dynamics Stock Down 0.5 %

GD stock traded down $1.48 during trading on Monday, reaching $286.51. The stock had a trading volume of 80,807 shares, compared to its average volume of 1,096,286. General Dynamics has a one year low of $243.87 and a one year high of $316.90. The company’s 50 day moving average is $302.45 and its two-hundred day moving average is $296.34. The company has a quick ratio of 0.80, a current ratio of 1.32 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $78.78 billion, a price-to-earnings ratio of 21.93, a P/E/G ratio of 1.74 and a beta of 0.61.

General Dynamics (NYSE:GD) last posted its quarterly 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 company had revenue of $11.67 billion for the quarter, compared to the consensus estimate of $11.65 billion. General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. General Dynamics’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.04 EPS. Equities research analysts forecast that General Dynamics will post 13.98 EPS for the current year.

Insider Transactions at General Dynamics

In related news, Director Peter A. Wall sold 1,320 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $308.05, for a total transaction of $406,626.00. Following the completion of the transaction, the director now owns 3,592 shares in the company, valued at approximately $1,106,515.60. This represents a 26.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.52% of the stock is owned by insiders.

Institutional Trading of General Dynamics

Hedge funds have recently added to or reduced their stakes in the business. Chiron Investment Management LLC purchased a new stake in shares of General Dynamics during the third quarter valued at approximately $187,000. Coldstream Capital Management Inc. grew its position in shares of General Dynamics by 9.4% in the 3rd quarter. Coldstream Capital Management Inc. now owns 6,865 shares of the aerospace company’s stock worth $2,077,000 after buying an additional 588 shares during the last quarter. Geode Capital Management LLC lifted its stake in General Dynamics by 13.0% in the third quarter. Geode Capital Management LLC now owns 5,557,404 shares of the aerospace company’s stock worth $1,674,998,000 after acquiring an additional 638,342 shares during the period. Nabity Jensen Investment Management Inc bought a new position in General Dynamics in the 3rd quarter worth $432,000. Finally, Barclays PLC boosted its holdings in shares of General Dynamics by 43.1% during the 3rd quarter. Barclays PLC now owns 942,485 shares of the aerospace company’s stock valued at $284,818,000 after buying an additional 283,972 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

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.