Altrius Capital Management Inc Has $4.88 Million Stock Position in General Dynamics Co. (NYSE:GD)

Altrius Capital Management Inc increased its holdings in shares of General Dynamics Co. (NYSE:GD) by 0.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,134 shares of the aerospace company’s stock after buying an additional 135 shares during the quarter. Altrius Capital Management Inc’s holdings in General Dynamics were worth $4,876,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GD. MFA Wealth Advisors LLC increased its position in shares of General Dynamics by 241.7% during the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 58 shares in the last quarter. Hara Capital LLC bought a new position in General Dynamics during the 3rd quarter worth about $26,000. New Covenant Trust Company N.A. acquired a new stake in shares of General Dynamics in the 1st quarter valued at about $29,000. American Capital Advisory LLC bought a new stake in shares of General Dynamics in the second quarter valued at about $29,000. Finally, Lowe Wealth Advisors LLC acquired a new position in shares of General Dynamics during the third quarter worth about $30,000. 86.14% of the stock is currently owned by institutional investors.

General Dynamics Stock Performance

General Dynamics stock traded down $4.52 during trading hours on Friday, hitting $287.90. The company had a trading volume of 334,973 shares, compared to its average volume of 1,093,372. General Dynamics Co. has a one year low of $243.87 and a one year high of $316.90. The firm has a market cap of $79.16 billion, a PE ratio of 22.39, a PEG ratio of 1.90 and a beta of 0.61. The firm has a 50-day moving average of $302.55 and a 200 day moving average of $296.20. 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 released its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share for the quarter, missing the consensus estimate of $3.48 by ($0.13). The firm had revenue of $11.67 billion for the quarter, compared to analyst estimates 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 for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the business posted $3.04 earnings per share. On average, sell-side analysts expect that General Dynamics Co. will post 13.97 earnings per share for the current year.

Insider Activity at General Dynamics

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was 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. This trade represents a 26.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.52% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GD. Deutsche Bank Aktiengesellschaft dropped their target price on General Dynamics from $309.00 to $306.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Royal Bank of Canada lifted their price objective on shares of General Dynamics from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Morgan Stanley upgraded shares of General Dynamics from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $293.00 to $345.00 in a report on Friday, August 9th. Citigroup lifted their price target on shares of General Dynamics from $331.00 to $354.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, Sanford C. Bernstein reduced their price objective on shares of General Dynamics from $343.00 to $331.00 and set a “market perform” rating for the company in a research note on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, General Dynamics currently has an average rating of “Moderate Buy” and a consensus price target of $323.69.

About General Dynamics

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.