General Dynamics Corporation $GD Stock: Moors & Cabot Inc. Raises Position

Moors & Cabot Inc. lifted its position in shares of General Dynamics Corporation (NYSE:GD) by 50.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,951 shares of the aerospace company’s stock after buying an additional 1,985 shares during the quarter. Moors & Cabot Inc.’s holdings in General Dynamics were worth $1,975,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Oxford Financial Group LTD. LLC grew its position in shares of General Dynamics by 1.9% in the second quarter. Oxford Financial Group LTD. LLC now owns 1,426 shares of the aerospace company’s stock valued at $505,000 after purchasing an additional 26 shares during the period. Willner & Heller LLC increased its stake in General Dynamics by 1.4% in the second quarter. Willner & Heller LLC now owns 2,050 shares of the aerospace company’s stock valued at $726,000 after purchasing an additional 28 shares during the last quarter. Meriwether Wealth & Planning LLC increased its stake in General Dynamics by 0.8% in the second quarter. Meriwether Wealth & Planning LLC now owns 3,443 shares of the aerospace company’s stock valued at $1,220,000 after purchasing an additional 28 shares during the last quarter. Gryphon Financial Partners LLC lifted its position in General Dynamics by 0.9% during the third quarter. Gryphon Financial Partners LLC now owns 3,083 shares of the aerospace company’s stock worth $1,023,000 after buying an additional 28 shares during the period. Finally, Capital Advisors Inc. OK lifted its position in General Dynamics by 0.6% during the second quarter. Capital Advisors Inc. OK now owns 4,551 shares of the aerospace company’s stock worth $1,612,000 after buying an additional 29 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on GD. Wall Street Zen cut shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. Deutsche Bank reaffirmed a “hold” rating and set a $384.00 price target on shares of General Dynamics in a research report on Thursday, July 30th. Sanford C. Bernstein increased their price target on shares of General Dynamics from $365.00 to $386.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 3rd. Citigroup increased their price target on shares of General Dynamics from $374.00 to $400.00 and gave the stock a “neutral” rating in a research note on Monday, November 2nd. Finally, Morgan Stanley lifted their price target on shares of General Dynamics from $465.00 to $480.00 and gave the company an “overweight” rating in a report on Tuesday, November 3rd. Eleven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $408.94.

Insider Transactions at General Dynamics

In other General Dynamics news, CEO Phebe N. Novakovic sold 45,353 shares of the stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $361.42, for a total transaction of $16,391,481.26. Following the sale, the chief executive officer directly owned 766,457 shares of the company’s stock, valued at approximately $277,012,888.94. This represents a 5.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert K. Steel sold 7,440 shares of the stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $346.05, for a total transaction of $2,574,612.00. Following the sale, the director owned 3,096 shares in the company, valued at approximately $1,071,370.80. This trade represents a 70.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.40% of the company’s stock.

General Dynamics Stock Up 0.0%

NYSE:GD traded up $0.06 on Friday, reaching $363.13. The stock had a trading volume of 735,905 shares, compared to its average volume of 1,295,961. The company has a current ratio of 1.43, a quick ratio of 0.94 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average of $349.20 and a 200 day moving average of $355.04. The stock has a market cap of $98.13 billion, a P/E ratio of 21.36, a price-to-earnings-growth ratio of 2.04 and a beta of 0.30. General Dynamics Corporation has a 12-month low of $306.77 and a 12-month high of $400.00.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Friday, October 30th. The aerospace company reported $4.49 EPS for the quarter, beating analysts’ consensus estimates of $4.12 by $0.37. General Dynamics had a return on equity of 17.60% and a net margin of 8.24%. The firm had revenue of $14.57 billion during the quarter, compared to the consensus estimate of $13.72 billion. During the same quarter in the prior year, the business posted $3.88 earnings per share. General Dynamics’s revenue for the quarter was up 12.9% on a year-over-year basis. On average, research analysts predict that General Dynamics Corporation will post 17.32 earnings per share for the current year.

About General Dynamics

General Dynamics Corporation is an aerospace and defense company that develops and manufactures products and provides services for commercial, government and military customers. Its businesses span aerospace, marine systems, combat systems and defense technologies. The company makes Gulfstream business jets and provides aircraft services. Its marine systems operations design and build submarines and surface ships, while its combat systems business produces military vehicles, weapons systems and munitions.