Hilton Capital Management LLC Invests $6.27 Million in General Dynamics Co. (NYSE:GD)

Hilton Capital Management LLC bought a new position in General Dynamics Co. (NYSE:GD) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 20,737 shares of the aerospace company’s stock, valued at approximately $6,267,000.

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

General Dynamics Trading Down 1.8 %

NYSE GD opened at $280.98 on Wednesday. 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 company’s 50-day moving average price is $301.71 and its 200-day moving average price is $296.28. General Dynamics Co. has a 12 month low of $243.87 and a 12 month high of $316.90. The stock has a market cap of $77.26 billion, a PE ratio of 21.40, a PEG ratio of 1.74 and a beta of 0.61.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share for the quarter, missing analysts’ consensus estimates 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 revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business earned $3.04 EPS. Equities research analysts forecast that General Dynamics Co. will post 13.98 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on GD shares. TD Cowen upgraded shares of General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 8th. Seaport Res Ptn lowered General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Sanford C. Bernstein cut their price objective 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. Barclays upped their target price on General Dynamics from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Finally, Royal Bank of Canada raised their target price on shares of General Dynamics from $320.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, General Dynamics currently has a consensus rating of “Moderate Buy” and an average price target of $323.69.

Insider Buying and Selling at General Dynamics

In related news, Director Peter A. Wall sold 1,320 shares of General Dynamics stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $308.05, for a total value of $406,626.00. Following the completion of the sale, the director now directly owns 3,592 shares in the company, valued at $1,106,515.60. This trade represents a 26.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is owned by insiders.

About General Dynamics

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.