Veracity Capital LLC Has $637,000 Holdings in General Dynamics Co. (NYSE:GD)

Veracity Capital LLC cut its position in General Dynamics Co. (NYSE:GD) by 33.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,338 shares of the aerospace company’s stock after selling 1,172 shares during the period. Veracity Capital LLC’s holdings in General Dynamics were worth $637,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Austin Wealth Management LLC grew its position in shares of General Dynamics by 5.4% in 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 period. SRS Capital Advisors Inc. grew its position in shares of General Dynamics by 35.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 163 shares of the aerospace company’s stock valued at $43,000 after acquiring an additional 43 shares during the period. Stokes Family Office LLC grew its position in shares of General Dynamics by 0.4% in the 4th quarter. Stokes Family Office LLC now owns 10,279 shares of the aerospace company’s stock valued at $2,708,000 after acquiring an additional 43 shares during the period. ICW Investment Advisors LLC grew its position 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 valued at $2,237,000 after acquiring an additional 43 shares during the period. Finally, Lindbrook Capital LLC grew its position in shares of General Dynamics by 3.9% in the 4th quarter. Lindbrook Capital LLC now owns 1,178 shares of the aerospace company’s stock valued at $310,000 after acquiring an additional 44 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. William Blair cut shares of General Dynamics from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. BTIG Research cut shares of General Dynamics from a “buy” rating to a “neutral” rating in a research note on Thursday, February 13th. UBS Group raised their target price on shares of General Dynamics from $268.00 to $279.00 and gave the stock a “neutral” rating in a research note on Thursday, April 24th. Argus set a $295.00 target price on shares of General Dynamics in a research note on Tuesday, May 6th. Finally, Barclays dropped their price objective on shares of General Dynamics from $305.00 to $285.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $293.00.

General Dynamics Stock Up 0.2%

Shares of GD opened at $276.13 on Wednesday. General Dynamics Co. has a 52 week low of $239.20 and a 52 week high of $316.90. The stock 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. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.37. The stock has a fifty day moving average of $272.49 and a 200-day moving average of $266.77.

General Dynamics (NYSE:GD) last announced its quarterly 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 analysts’ expectations of $11.92 billion. General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. General Dynamics’s revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.88 EPS. As a group, sell-side analysts anticipate that General Dynamics Co. will post 14.83 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Marguerite Amy Gilliland sold 27,562 shares of the firm’s stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 45,192 shares of the company’s stock, valued at $12,297,195.12. This trade represents a 37.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is owned by corporate insiders.

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.