General Dynamics Co. (NYSE:GD) Shares Acquired by Avestar Capital LLC

Avestar Capital LLC increased its holdings in shares of General Dynamics Co. (NYSE:GD) by 9.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 2,492 shares of the aerospace company’s stock after acquiring an additional 208 shares during the quarter. Avestar Capital LLC’s holdings in General Dynamics were worth $753,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. MFA Wealth Advisors LLC boosted its holdings in shares of General Dynamics by 241.7% in the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 58 shares during the period. Hara Capital LLC purchased a new stake in General Dynamics during the 3rd quarter valued at approximately $26,000. New Covenant Trust Company N.A. acquired a new stake in General Dynamics during the 1st quarter worth approximately $29,000. American Capital Advisory LLC purchased a new stake in shares of General Dynamics during the second quarter worth approximately $29,000. Finally, Lowe Wealth Advisors LLC acquired a new stake in shares of General Dynamics during the third quarter worth $30,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. TD Cowen raised General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 8th. Susquehanna boosted their target price on shares of General Dynamics from $333.00 to $352.00 and gave the stock a “positive” rating in a research report on Thursday, October 17th. Royal Bank of Canada upped their price target on shares of General Dynamics from $320.00 to $330.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Barclays raised their price objective on shares of General Dynamics from $325.00 to $330.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Finally, Sanford C. Bernstein dropped their target price on shares of General Dynamics from $343.00 to $331.00 and set a “market perform” rating for the company in a report on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $323.69.

Insider Buying and Selling

In other news, VP Christopher J. Brady sold 5,540 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $280.91, for a total value of $1,556,241.40. Following the completion of the sale, the vice president now owns 20,296 shares of the company’s stock, valued at $5,701,349.36. This represents a 21.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter A. Wall sold 1,320 shares of General Dynamics stock in a transaction 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 transaction, the director now owns 3,592 shares in the company, valued at $1,106,515.60. The trade was a 26.87 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.

General Dynamics Trading Up 0.2 %

Shares of GD opened at $282.01 on Wednesday. General Dynamics Co. has a fifty-two week low of $243.87 and a fifty-two week high of $316.90. The stock has a fifty day moving average of $299.47 and a two-hundred day moving average of $295.82. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.80 and a current ratio of 1.32. The company has a market capitalization of $77.54 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 1.70 and a beta of 0.61.

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