Freedom Investment Management Inc. Has $1.31 Million Holdings in General Dynamics Co. (NYSE:GD)

Freedom Investment Management Inc. lifted its position in shares of General Dynamics Co. (NYSE:GD) by 0.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,344 shares of the aerospace company’s stock after buying an additional 37 shares during the quarter. Freedom Investment Management Inc.’s holdings in General Dynamics were worth $1,313,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Silvercrest Asset Management Group LLC grew its holdings in General Dynamics by 10.0% in the first quarter. Silvercrest Asset Management Group LLC now owns 7,466 shares of the aerospace company’s stock worth $2,109,000 after purchasing an additional 679 shares during the period. B. Riley Wealth Advisors Inc. grew its holdings in General Dynamics by 15.6% in the first quarter. B. Riley Wealth Advisors Inc. now owns 8,443 shares of the aerospace company’s stock worth $2,385,000 after purchasing an additional 1,140 shares during the period. Tidal Investments LLC grew its holdings in General Dynamics by 7.8% in the first quarter. Tidal Investments LLC now owns 4,704 shares of the aerospace company’s stock worth $1,329,000 after purchasing an additional 340 shares during the period. Beacon Capital Management LLC grew its holdings in General Dynamics by 1,144.4% in the first quarter. Beacon Capital Management LLC now owns 112 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 103 shares during the period. Finally, Plato Investment Management Ltd grew its holdings in General Dynamics by 1,172.3% in the first quarter. Plato Investment Management Ltd now owns 2,939 shares of the aerospace company’s stock worth $830,000 after purchasing an additional 2,708 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Stock Performance

Shares of GD stock opened at $282.31 on Thursday. The firm has a market cap of $77.63 billion, a price-to-earnings ratio of 21.50, a P/E/G ratio of 1.70 and a beta of 0.61. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.80 and a current ratio of 1.32. General Dynamics Co. has a 52 week low of $243.87 and a 52 week high of $316.90. The firm’s 50-day simple moving average is $299.07 and its two-hundred day simple moving average is $295.72.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing the consensus estimate of $3.48 by ($0.13). The company had revenue of $11.67 billion during the quarter, compared to the consensus estimate of $11.65 billion. General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. The business’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm posted $3.04 EPS. As a group, equities analysts forecast that General Dynamics Co. will post 13.98 earnings per share for the current year.

Insider Transactions at General Dynamics

In related news, Director Peter A. Wall sold 1,320 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $308.05, for a total transaction of $406,626.00. Following the completion of the transaction, the director now owns 3,592 shares of the company’s stock, valued at approximately $1,106,515.60. The trade was a 26.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christopher J. Brady sold 5,540 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $280.91, for a total transaction of $1,556,241.40. Following the transaction, the vice president now directly owns 20,296 shares of the company’s stock, valued at approximately $5,701,349.36. This represents a 21.44 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. TD Cowen upgraded shares of General Dynamics to a “strong-buy” rating in a report on Tuesday, October 8th. Wells Fargo & Company lifted their price objective on shares of General Dynamics from $317.00 to $322.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Susquehanna lifted their price objective on shares of General Dynamics from $333.00 to $352.00 and gave the company a “positive” rating in a report on Thursday, October 17th. Citigroup lifted their price objective on shares of General Dynamics from $331.00 to $354.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, Barclays lifted their price objective on shares of General Dynamics from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.69.

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.