3,038 General Dynamics Corporation $GD Shares Bought by Csenge Advisory Group

Csenge Advisory Group lifted its stake in shares of General Dynamics Corporation (NYSE:GD) by 253.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,237 shares of the aerospace company’s stock after buying an additional 3,038 shares during the period. Csenge Advisory Group’s holdings in General Dynamics were worth $1,406,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of GD. Wellington Altus USA Inc. boosted its stake in General Dynamics by 77.8% during the second quarter. Wellington Altus USA Inc. now owns 80 shares of the aerospace company’s stock worth $27,000 after acquiring an additional 35 shares in the last quarter. Downshift Financial LLC increased its stake in General Dynamics by 134.3% in the third quarter. Downshift Financial LLC now owns 82 shares of the aerospace company’s stock valued at $27,000 after purchasing an additional 47 shares in the last quarter. Morton Brown Family Wealth LLC increased its stake in General Dynamics by 182.8% in the third quarter. Morton Brown Family Wealth LLC now owns 82 shares of the aerospace company’s stock valued at $27,000 after purchasing an additional 53 shares in the last quarter. Paladin Partners LLC acquired a new position in shares of General Dynamics during the second quarter valued at about $30,000. Finally, John Boyer Inc. acquired a new position in shares of General Dynamics during the third quarter valued at about $28,000. Institutional investors own 86.14% of the company’s stock.

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.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Morgan Stanley increased their price objective on shares of General Dynamics from $465.00 to $480.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 3rd. Jefferies Financial Group reaffirmed a “buy” rating and set a $455.00 price target on shares of General Dynamics in a research note on Monday, November 2nd. Wells Fargo & Company increased their price target on General Dynamics from $400.00 to $440.00 and gave the stock an “overweight” rating in a report on Tuesday, August 4th. UBS Group raised their price objective on General Dynamics from $395.00 to $408.00 and gave the company a “neutral” rating in a research note on Tuesday, September 8th. Finally, 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. Eleven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, General Dynamics has a consensus rating of “Moderate Buy” and a consensus price target of $408.94.

General Dynamics Stock Down 1.1%

General Dynamics stock opened at $363.05 on Friday. The firm has a market capitalization of $98.10 billion, a price-to-earnings ratio of 21.60, a price-to-earnings-growth ratio of 2.07 and a beta of 0.30. The firm’s fifty day moving average price is $349.26 and its two-hundred day moving average price is $355.06. General Dynamics Corporation has a 1-year low of $306.77 and a 1-year high of $400.00. The company has a current ratio of 1.43, a quick ratio of 0.94 and a debt-to-equity ratio of 0.23.

General Dynamics (NYSE:GD) last posted its earnings results on Friday, October 30th. The aerospace company reported $4.49 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $13.72 billion. During the same period in the previous year, the firm posted $3.88 earnings per share. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. On average, equities research analysts predict that General Dynamics Corporation will post 17.29 earnings per share 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.