Radnor Capital Management LLC Acquires New Shares in General Dynamics Co. (NYSE:GD)

Radnor Capital Management LLC purchased a new position in General Dynamics Co. (NYSE:GD) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 6,743 shares of the aerospace company’s stock, valued at approximately $2,038,000.

Several other large investors also recently modified their holdings of the business. International Assets Investment Management LLC increased its stake in General Dynamics by 40,389.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,379,472 shares of the aerospace company’s stock worth $416,876,000 after acquiring an additional 1,376,065 shares during the period. 1832 Asset Management L.P. boosted its holdings in shares of General Dynamics by 2,189.3% during the 2nd quarter. 1832 Asset Management L.P. now owns 374,207 shares of the aerospace company’s stock valued at $108,572,000 after acquiring an additional 357,861 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its holdings in shares of General Dynamics by 879.9% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 340,359 shares of the aerospace company’s stock valued at $96,148,000 after acquiring an additional 305,624 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of General Dynamics by 4.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,639,758 shares of the aerospace company’s stock valued at $2,216,599,000 after acquiring an additional 293,316 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in General Dynamics by 24.2% during the 2nd quarter. Hsbc Holdings PLC now owns 1,347,247 shares of the aerospace company’s stock worth $391,119,000 after buying an additional 262,164 shares during the period. 86.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GD has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft lowered their price objective on General Dynamics from $309.00 to $306.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Barclays boosted their price objective on General Dynamics from $325.00 to $330.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Royal Bank of Canada boosted their price objective on General Dynamics from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Morgan Stanley upgraded General Dynamics from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $293.00 to $345.00 in a research note on Friday, August 9th. Finally, Susquehanna boosted their target price on General Dynamics from $333.00 to $352.00 and gave the stock a “positive” rating in a research note on Thursday, October 17th. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.69.

Insider Activity

In related news, Director Peter A. Wall sold 1,320 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $308.05, for a total value of $406,626.00. Following the completion of the sale, the director now owns 3,592 shares in the company, valued at $1,106,515.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.60% of the company’s stock.

General Dynamics Price Performance

Shares of GD stock opened at $296.78 on Wednesday. The firm’s 50-day moving average is $301.01 and its two-hundred day moving average is $295.29. The company has a market capitalization of $81.61 billion, a PE ratio of 22.60, a price-to-earnings-growth ratio of 1.75 and a beta of 0.61. General Dynamics Co. has a 12 month low of $238.31 and a 12 month high of $313.11. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.32 and a quick ratio of 0.80.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing the consensus estimate of $3.48 by ($0.13). General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. The firm had revenue of $11.67 billion for the quarter, compared to analyst estimates of $11.65 billion. During the same quarter last year, the firm earned $3.04 EPS. The company’s revenue was up 10.4% on a year-over-year basis. Analysts predict that General Dynamics Co. will post 13.97 earnings per share for the current year.

General Dynamics Company 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.