General Dynamics Co. (NYSE:GD) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets decreased its position in General Dynamics Co. (NYSE:GD) by 1.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 309,238 shares of the aerospace company’s stock after selling 3,926 shares during the quarter. BNP Paribas Financial Markets owned 0.11% of General Dynamics worth $93,452,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. MFA Wealth Advisors LLC grew its position in General Dynamics by 241.7% in the 3rd 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 in the last quarter. Hara Capital LLC purchased a new stake in General Dynamics during the 3rd quarter worth approximately $26,000. American Capital Advisory LLC purchased a new position in General Dynamics in the 2nd quarter valued at approximately $29,000. Lowe Wealth Advisors LLC purchased a new stake in shares of General Dynamics during the third quarter worth $30,000. Finally, New Covenant Trust Company N.A. purchased a new position in General Dynamics in the first quarter valued at $29,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Price Performance

Shares of GD opened at $282.01 on Wednesday. The firm has a market capitalization of $77.54 billion, a PE ratio of 21.48, a P/E/G ratio of 1.70 and a beta of 0.61. The stock’s 50 day moving average is $299.47 and its two-hundred day moving average is $295.82. General Dynamics Co. has a twelve month low of $243.87 and a twelve month high of $316.90. The company has a current ratio of 1.32, a quick ratio of 0.80 and a debt-to-equity ratio of 0.32.

General Dynamics (NYSE:GD) last released its quarterly earnings data 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). The business had revenue of $11.67 billion during the quarter, compared to analysts’ expectations of $11.65 billion. General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.04 EPS. Research analysts anticipate that General Dynamics Co. will post 13.98 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. TD Cowen upgraded General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 8th. Royal Bank of Canada boosted their price objective on shares of General Dynamics from $320.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Seaport Res Ptn cut shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft dropped their price objective on General Dynamics from $309.00 to $306.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Finally, Wells Fargo & Company upped their target price on General Dynamics from $317.00 to $322.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Seven research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $323.69.

Insider Activity at General Dynamics

In other news, VP Christopher J. Brady sold 5,540 shares of the stock in a transaction that occurred 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 sale, the vice president now directly owns 20,296 shares in the company, valued at $5,701,349.36. This represents a 21.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter A. Wall sold 1,320 shares of General Dynamics stock in a transaction that occurred 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 transaction, the director now owns 3,592 shares of the company’s stock, valued at $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. Company insiders own 1.60% of the company’s stock.

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.