R Squared Ltd Purchases 2,621 Shares of General Dynamics Corporation $GD

R Squared Ltd bought a new stake in General Dynamics Corporation (NYSE:GD) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,621 shares of the aerospace company’s stock, valued at approximately $870,000.

Other large investors have also made changes to their positions in the company. Oxford Financial Group LTD. LLC lifted its holdings in General Dynamics by 1.9% during the 2nd 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 last quarter. Willner & Heller LLC increased its holdings in shares of General Dynamics by 1.4% during the second quarter. Willner & Heller LLC now owns 2,050 shares of the aerospace company’s stock worth $726,000 after buying an additional 28 shares in the last quarter. Meriwether Wealth & Planning LLC raised its stake in shares of 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 acquiring an additional 28 shares during the last quarter. Gryphon Financial Partners LLC boosted its holdings in shares of General Dynamics by 0.9% in the 3rd quarter. Gryphon Financial Partners LLC now owns 3,083 shares of the aerospace company’s stock worth $1,023,000 after acquiring an additional 28 shares in the last quarter. Finally, Capital Advisors Inc. OK increased its holdings in General Dynamics by 0.6% during the 2nd quarter. Capital Advisors Inc. OK now owns 4,551 shares of the aerospace company’s stock valued at $1,612,000 after purchasing an additional 29 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

General Dynamics Trading Down 1.1%

General Dynamics stock opened at $363.05 on Friday. The firm has a 50-day moving average of $349.26 and a 200-day moving average of $355.06. General Dynamics Corporation has a one year low of $306.77 and a one year high of $400.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.43 and a quick ratio of 0.94. The company has a market cap of $98.10 billion, a price-to-earnings ratio of 21.36, a P/E/G ratio of 2.07 and a beta of 0.30.

General Dynamics (NYSE:GD) last released its earnings results on Friday, October 30th. The aerospace company reported $4.49 earnings per share (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 business had revenue of $14.57 billion for the quarter, compared to the consensus estimate of $13.72 billion. During the same quarter in the previous year, the business earned $3.88 earnings per share. General Dynamics’s quarterly revenue was up 12.9% on a year-over-year basis. On average, equities analysts expect that General Dynamics Corporation will post 17.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In other General Dynamics news, Director Robert K. Steel sold 7,440 shares of the firm’s stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $346.05, for a total transaction of $2,574,612.00. Following the completion of the sale, the director directly owned 3,096 shares in the company, valued at $1,071,370.80. This trade represents a 70.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Phebe N. Novakovic sold 45,353 shares of the business’s stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $361.42, for a total value of $16,391,481.26. Following the completion of the sale, the chief executive officer owned 766,457 shares of the company’s stock, valued at $277,012,888.94. This trade represents a 5.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on GD. Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a report on Monday, September 28th. BNP Paribas Exane upped their target price on shares of General Dynamics from $390.00 to $430.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Wells Fargo & Company upped their target price on shares of General Dynamics from $400.00 to $440.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Deutsche Bank reissued a “hold” rating and set a $384.00 price target on shares of General Dynamics in a research note on Thursday, July 30th. Finally, Sanford C. Bernstein raised their price target on shares of General Dynamics from $365.00 to $386.00 and gave the company a “market perform” rating in a report on Tuesday, November 3rd. Eleven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, General Dynamics currently has an average rating of “Moderate Buy” and a consensus target price of $408.94.

General Dynamics Profile

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.