Aureus Asset Management LLC Trims Stock Holdings in General Dynamics Co. (NYSE:GD)

Aureus Asset Management LLC lessened its position in shares of General Dynamics Co. (NYSE:GD) by 24.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,840 shares of the aerospace company’s stock after selling 590 shares during the period. Aureus Asset Management LLC’s holdings in General Dynamics were worth $556,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of GD. Tidal Investments LLC lifted its holdings in General Dynamics by 7.8% during the 1st quarter. Tidal Investments LLC now owns 4,704 shares of the aerospace company’s stock worth $1,329,000 after buying an additional 340 shares during the last quarter. DNB Asset Management AS bought a new position in General Dynamics during the 2nd quarter worth approximately $265,000. Lynx Investment Advisory bought a new position in General Dynamics during the 2nd quarter worth approximately $37,000. Kingswood Wealth Advisors LLC lifted its holdings in General Dynamics by 87.9% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 11,560 shares of the aerospace company’s stock worth $3,354,000 after buying an additional 5,409 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its holdings in General Dynamics by 13.6% during the 2nd quarter. Park Avenue Securities LLC now owns 9,570 shares of the aerospace company’s stock worth $2,777,000 after buying an additional 1,149 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut their price target on General Dynamics from $309.00 to $306.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Royal Bank of Canada raised their price target on General Dynamics from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Sanford C. Bernstein cut their price target on General Dynamics from $343.00 to $331.00 and set a “market perform” rating on the stock in a report on Thursday, October 24th. TD Cowen raised General Dynamics to a “strong-buy” rating in a report on Tuesday, October 8th. Finally, Morgan Stanley raised General Dynamics from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $293.00 to $345.00 in a report on Friday, August 9th. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, General Dynamics presently has a consensus rating of “Moderate Buy” and an average target price of $323.69.

General Dynamics Stock Up 0.6 %

Shares of GD stock opened at $284.01 on Monday. General Dynamics Co. has a 1 year low of $245.01 and a 1 year high of $316.90. The stock has a market cap of $78.09 billion, a PE ratio of 21.63, a price-to-earnings-growth ratio of 1.72 and a beta of 0.61. The business’s fifty day moving average is $298.17 and its 200-day moving average is $295.58. 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 (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 the consensus estimate of $3.48 by ($0.13). General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The firm had revenue of $11.67 billion for the quarter, compared to analyst estimates of $11.65 billion. During the same quarter last year, the business posted $3.04 earnings per share. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. Equities analysts expect that General Dynamics Co. will post 13.98 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Christopher J. Brady sold 5,540 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $280.91, for a total transaction of $1,556,241.40. Following the completion of the sale, the vice president now directly owns 20,296 shares of the company’s stock, valued at $5,701,349.36. This trade represents a 21.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 value of $406,626.00. Following the sale, the director now directly owns 3,592 shares of the company’s stock, valued at approximately $1,106,515.60. This represents a 26.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.52% of the stock is owned by insiders.

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.