7,655 General Dynamics Corporation $GD Shares Purchased by Lido Advisors LLC

Lido Advisors LLC grew its stake in shares of General Dynamics Corporation (NYSE:GD) by 9.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 85,561 shares of the aerospace company’s stock after purchasing an additional 7,655 shares during the period. Lido Advisors LLC’s holdings in General Dynamics were worth $28,392,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in GD. Oxford Financial Group LTD. LLC grew its stake in shares of General Dynamics by 1.9% in the 2nd quarter. Oxford Financial Group LTD. LLC now owns 1,426 shares of the aerospace company’s stock valued at $505,000 after buying an additional 26 shares during the period. Willner & Heller LLC increased its position in General Dynamics by 1.4% in the 2nd quarter. Willner & Heller LLC now owns 2,050 shares of the aerospace company’s stock valued at $726,000 after buying an additional 28 shares in the last quarter. Meriwether Wealth & Planning LLC raised its stake in General Dynamics by 0.8% during the 2nd quarter. Meriwether Wealth & Planning LLC now owns 3,443 shares of the aerospace company’s stock worth $1,220,000 after buying an additional 28 shares during the period. Gryphon Financial Partners LLC raised its stake in General Dynamics by 0.9% during the 3rd quarter. Gryphon Financial Partners LLC now owns 3,083 shares of the aerospace company’s stock worth $1,023,000 after buying an additional 28 shares during the period. Finally, Capital Advisors Inc. OK raised its stake 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 worth $1,612,000 after buying an additional 29 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Royal Bank Of Canada increased their price target on General Dynamics from $360.00 to $400.00 and gave the stock a “sector perform” rating in a report on Monday, November 2nd. Jefferies Financial Group restated a “buy” rating and set a $455.00 price objective on shares of General Dynamics in a report on Monday, November 2nd. Citigroup boosted their price objective on General Dynamics from $374.00 to $400.00 and gave the company a “neutral” rating in a report on Monday, November 2nd. UBS Group upped their target price on General Dynamics from $395.00 to $408.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 8th. Finally, Wall Street Zen cut General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Eleven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, General Dynamics currently has a consensus rating of “Moderate Buy” and an average price target of $408.94.

Trending Headlines about General Dynamics

Here are the key news stories impacting General Dynamics this week:

• Positive Sentiment: Technical momentum: GD crossed above its 200-day moving average, a level the report describes as resistance; the move may signal a more bullish longer-term trend. Article: General Dynamics crossed above the 200-day moving average
• Positive Sentiment: Growth outlook: A recap of GD’s Q3 earnings call characterized its signals as pointing to stronger growth ahead. The company’s latest reported quarter also beat earnings and revenue estimates, with revenue up 12.9% year over year. Article: General Dynamics earnings call signals stronger growth ahead
• Positive Sentiment: Growth-stock screening: Zacks highlighted GD as a strong growth stock using its Style Scores, adding to the positive growth narrative. Article: Why General Dynamics is a strong growth stock
• Negative Sentiment: Insider selling: CEO Phebe Novakovic sold 45,353 shares for about $16.4 million, reducing her direct stake by 5.59%. She still held 766,457 shares after the transaction; the sale may nevertheless raise investor caution. Article: General Dynamics CEO sells 45,353 shares

Insider Transactions at General Dynamics

In other news, CEO Phebe N. Novakovic sold 45,353 shares of the stock in a transaction that occurred on Thursday, November 5th. The stock was 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 directly owned 766,457 shares of the company’s stock, valued at $277,012,888.94. This represents a 5.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 value of $2,574,612.00. Following the completion of the transaction, the director owned 3,096 shares in the company, valued at $1,071,370.80. This represents a 70.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.40% of the stock is currently owned by insiders.

General Dynamics Stock Up 1.5%

Shares of NYSE GD opened at $367.50 on Wednesday. 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 50-day moving average price of $349.32 and a 200-day moving average price of $355.05. The stock has a market capitalization of $99.31 billion, a P/E ratio of 21.62, a P/E/G ratio of 2.04 and a beta of 0.30. General Dynamics Corporation has a 1 year low of $306.77 and a 1 year high of $400.00.

General Dynamics (NYSE:GD) last posted its earnings results on Friday, October 30th. The aerospace company reported $4.49 earnings per share for the quarter, topping analysts’ consensus estimates of $4.12 by $0.37. General Dynamics had a net margin of 8.24% and a return on equity of 17.60%. The company had revenue of $14.57 billion for the quarter, compared to analyst estimates of $13.72 billion. During the same quarter in the prior year, the business posted $3.88 EPS. The firm’s revenue was up 12.9% compared to the same quarter last year. On average, equities research analysts forecast that General Dynamics Corporation will post 17.29 EPS for the current fiscal year.

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.