AXS Investments LLC trimmed its position in shares of General Dynamics Co. (NYSE:GD – Free Report) by 27.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 121 shares of the aerospace company’s stock after selling 45 shares during the quarter. AXS Investments LLC’s holdings in General Dynamics were worth $26,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Certified Advisory Corp bought a new stake in General Dynamics in the first quarter worth about $25,000. Guardian Wealth Advisors LLC purchased a new position in General Dynamics during the 1st quarter valued at $28,000. NewSquare Capital LLC grew its position in General Dynamics by 153.7% in the 2nd quarter. NewSquare Capital LLC now owns 137 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 83 shares during the last quarter. Live Oak Investment Partners purchased a new stake in General Dynamics in the fourth quarter worth $30,000. Finally, Resurgent Financial Advisors LLC bought a new stake in shares of General Dynamics during the fourth quarter worth $37,000. Hedge funds and other institutional investors own 86.08% of the company’s stock.
Analyst Ratings Changes
Several research analysts recently commented on the stock. Bank Of America (Bofa) raised their price target on shares of General Dynamics from $295.00 to $305.00 and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Wells Fargo & Company raised their target price on shares of General Dynamics from $243.00 to $264.00 and gave the stock an “overweight” rating in a research report on Thursday, October 26th. Morgan Stanley boosted their price target on General Dynamics from $248.00 to $250.00 in a report on Thursday, July 27th. Deutsche Bank Aktiengesellschaft assumed coverage on General Dynamics in a report on Wednesday, September 27th. They set a “buy” rating and a $271.00 price objective on the stock. Finally, UBS Group began coverage on General Dynamics in a report on Tuesday, October 10th. They issued a “neutral” rating and a $265.00 target price for the company. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $263.43.
Insider Buying and Selling at General Dynamics
In other news, VP Gregory S. Gallopoulos sold 33,200 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $238.37, for a total value of $7,913,884.00. Following the completion of the transaction, the vice president now directly owns 113,319 shares in the company, valued at $27,011,850.03. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.52% of the company’s stock.
General Dynamics Stock Up 0.4 %
Shares of GD stock opened at $245.78 on Tuesday. The stock’s fifty day moving average price is $233.47 and its 200 day moving average price is $222.58. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.43 and a quick ratio of 0.91. General Dynamics Co. has a 1-year low of $202.35 and a 1-year high of $256.86. The company has a market cap of $67.07 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 2.18 and a beta of 0.77.
General Dynamics (NYSE:GD – Get Free Report) last posted its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $3.04 EPS for the quarter, topping the consensus estimate of $2.87 by $0.17. General Dynamics had a net margin of 7.97% and a return on equity of 17.13%. The business had revenue of $10.57 billion during the quarter, compared to the consensus estimate of $10.05 billion. During the same period in the previous year, the firm posted $3.26 earnings per share. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, research analysts expect that General Dynamics Co. will post 12.59 earnings per share for the current fiscal year.
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.
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