General Dynamics Co. (NYSE:GD) Stake Trimmed by Northcape Wealth Management LLC

Northcape Wealth Management LLC cut its position in shares of General Dynamics Co. (NYSE:GD) by 0.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,742 shares of the aerospace company’s stock after selling 52 shares during the quarter. General Dynamics accounts for 1.6% of Northcape Wealth Management LLC’s portfolio, making the stock its 15th largest position. Northcape Wealth Management LLC’s holdings in General Dynamics were worth $4,757,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in GD. MFA Wealth Advisors LLC grew its holdings in shares of General Dynamics by 241.7% during the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after buying an additional 58 shares in the last quarter. Hara Capital LLC purchased a new position in General Dynamics during the 3rd quarter valued at about $26,000. American Capital Advisory LLC acquired a new position in shares of General Dynamics in the 2nd quarter valued at about $29,000. Lowe Wealth Advisors LLC purchased a new stake in shares of General Dynamics in the third quarter worth approximately $30,000. Finally, New Covenant Trust Company N.A. acquired a new stake in shares of General Dynamics during the first quarter worth approximately $29,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at General Dynamics

In other news, Director Peter A. Wall sold 1,320 shares of the business’s stock in a transaction dated 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 owns 3,592 shares in the company, valued at approximately $1,106,515.60. The trade was a 26.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.52% of the stock is currently owned by corporate insiders.

General Dynamics Stock Down 1.5 %

General Dynamics stock opened at $288.01 on Friday. The firm has a market cap of $79.19 billion, a price-to-earnings ratio of 21.93, a P/E/G ratio of 1.90 and a beta of 0.61. The firm has a fifty day moving average price of $302.45 and a two-hundred day moving average price of $296.21. General Dynamics Co. has a fifty-two week low of $243.87 and a fifty-two week high of $316.90. 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 announced its 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 business 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 quarter in the previous year, the company earned $3.04 EPS. As a group, analysts forecast that General Dynamics Co. will post 13.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on GD shares. Royal Bank of Canada increased 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. TD Cowen upgraded General Dynamics to a “strong-buy” rating in a report on Tuesday, October 8th. Barclays boosted their target price on General Dynamics from $325.00 to $330.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Seaport Res Ptn downgraded General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Finally, Morgan Stanley raised General Dynamics from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $293.00 to $345.00 in a research note on Friday, August 9th. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, General Dynamics currently has a consensus rating of “Moderate Buy” and a consensus 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.