Nixon Peabody Trust Co. Buys 762 Shares of General Dynamics Co. (NYSE:GD)

Nixon Peabody Trust Co. increased its stake in shares of General Dynamics Co. (NYSE:GD) by 1.4% during the 1st quarter, Holdings Channel reports. The fund owned 56,859 shares of the aerospace company’s stock after acquiring an additional 762 shares during the period. General Dynamics comprises approximately 1.3% of Nixon Peabody Trust Co.’s investment portfolio, making the stock its 27th largest position. Nixon Peabody Trust Co.’s holdings in General Dynamics were worth $15,499,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Austin Wealth Management LLC boosted its position in shares of General Dynamics by 5.4% during the 4th quarter. Austin Wealth Management LLC now owns 826 shares of the aerospace company’s stock valued at $220,000 after acquiring an additional 42 shares during the last quarter. SRS Capital Advisors Inc. lifted its position in General Dynamics by 35.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 163 shares of the aerospace company’s stock valued at $43,000 after purchasing an additional 43 shares during the last quarter. Stokes Family Office LLC grew its stake in General Dynamics by 0.4% in the 4th quarter. Stokes Family Office LLC now owns 10,279 shares of the aerospace company’s stock worth $2,708,000 after buying an additional 43 shares in the last quarter. ICW Investment Advisors LLC increased its holdings in shares of General Dynamics by 0.5% in the 4th quarter. ICW Investment Advisors LLC now owns 8,491 shares of the aerospace company’s stock worth $2,237,000 after buying an additional 43 shares during the last quarter. Finally, Lindbrook Capital LLC raised its position in shares of General Dynamics by 3.9% during the 4th quarter. Lindbrook Capital LLC now owns 1,178 shares of the aerospace company’s stock valued at $310,000 after buying an additional 44 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other General Dynamics news, SVP Marguerite Amy Gilliland sold 27,562 shares of General Dynamics stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $272.11, for a total transaction of $7,499,895.82. Following the sale, the senior vice president now directly owns 45,192 shares of the company’s stock, valued at approximately $12,297,195.12. The trade was a 37.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on GD. Cowen reissued a “buy” rating on shares of General Dynamics in a research note on Thursday, April 24th. Citigroup reduced their price objective on General Dynamics from $335.00 to $330.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Morgan Stanley dropped their target price on General Dynamics from $305.00 to $300.00 and set an “equal weight” rating for the company in a research report on Thursday, April 24th. Argus set a $295.00 price target on shares of General Dynamics in a research note on Tuesday, May 6th. Finally, Wells Fargo & Company reduced their price objective on General Dynamics from $261.00 to $236.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, General Dynamics has an average rating of “Hold” and an average price target of $293.00.

General Dynamics Trading Up 0.2%

GD opened at $276.13 on Wednesday. General Dynamics Co. has a one year low of $239.20 and a one year high of $316.90. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.37 and a quick ratio of 0.82. The business has a 50 day simple moving average of $272.49 and a two-hundred day simple moving average of $266.77. The firm has a market capitalization of $74.11 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 1.69 and a beta of 0.49.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 EPS for the quarter, beating analysts’ consensus estimates of $3.43 by $0.23. The company had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.92 billion. General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.88 earnings per share. Analysts predict that General Dynamics Co. will post 14.83 EPS for the current year.

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.