Navellier & Associates Inc. Has $3.41 Million Position in General Dynamics Co. (NYSE:GD)

Navellier & Associates Inc. trimmed its holdings in General Dynamics Co. (NYSE:GD) by 4.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 11,286 shares of the aerospace company’s stock after selling 486 shares during the quarter. Navellier & Associates Inc.’s holdings in General Dynamics were worth $3,411,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Massachusetts Financial Services Co. MA raised its position in shares of General Dynamics by 2.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,829,662 shares of the aerospace company’s stock valued at $2,366,124,000 after purchasing an additional 189,904 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of General Dynamics by 2.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,782,612 shares of the aerospace company’s stock worth $1,351,041,000 after purchasing an additional 115,063 shares during the period. Ameriprise Financial Inc. lifted its position in shares of General Dynamics by 2.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,071,803 shares of the aerospace company’s stock worth $601,756,000 after purchasing an additional 47,915 shares during the last quarter. Boston Partners boosted its stake in General Dynamics by 1.4% during the 1st quarter. Boston Partners now owns 1,680,666 shares of the aerospace company’s stock valued at $474,927,000 after purchasing an additional 23,262 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in General Dynamics by 1.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,606,289 shares of the aerospace company’s stock valued at $466,049,000 after buying an additional 23,304 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Stock Up 0.3 %

GD opened at $280.97 on Thursday. General Dynamics Co. has a twelve month low of $243.87 and a twelve month high of $316.90. The firm has a market cap of $77.26 billion, a price-to-earnings ratio of 21.32, a PEG ratio of 1.70 and a beta of 0.61. The firm’s 50-day simple moving average is $301.32 and its 200-day simple moving average is $296.16. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.80 and a current ratio of 1.32.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). The firm had revenue of $11.67 billion during 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%. The business’s revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the firm posted $3.04 EPS. Equities research analysts anticipate that General Dynamics Co. will post 13.98 EPS for the current fiscal year.

Insider Transactions at General Dynamics

In other news, Director Peter A. Wall sold 1,320 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly 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 Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.52% of the company’s stock.

Analyst Ratings Changes

GD has been the topic of several research analyst reports. Sanford C. Bernstein lowered their price objective on shares of General Dynamics from $343.00 to $331.00 and set a “market perform” rating on the stock in a research note on Thursday, October 24th. TD Cowen upgraded shares of General Dynamics to a “strong-buy” rating in a report on Tuesday, October 8th. Wells Fargo & Company increased their target price 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. Citigroup boosted their price target on General Dynamics from $331.00 to $354.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, Seaport Res Ptn downgraded General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Seven 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 company’s stock. According to data from MarketBeat.com, General Dynamics has a consensus rating of “Moderate Buy” and an average target price of $323.69.

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.