William Allan Corp Decreases Stock Position in General Dynamics Co. (NYSE:GD)

William Allan Corp decreased its position in shares of General Dynamics Co. (NYSE:GD) by 0.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,754 shares of the aerospace company’s stock after selling 67 shares during the period. General Dynamics makes up approximately 1.6% of William Allan Corp’s investment portfolio, making the stock its 27th biggest position. William Allan Corp’s holdings in General Dynamics were worth $2,645,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in GD. Tidal Investments LLC lifted its position in General Dynamics by 7.8% during the first quarter. Tidal Investments LLC now owns 4,704 shares of the aerospace company’s stock valued at $1,329,000 after purchasing an additional 340 shares during the last quarter. Cetera Investment Advisers grew its position in General Dynamics by 291.4% in the first quarter. Cetera Investment Advisers now owns 96,539 shares of the aerospace company’s stock worth $27,271,000 after acquiring an additional 71,871 shares in the last quarter. Cetera Advisors LLC grew its position in General Dynamics by 102.8% in the first quarter. Cetera Advisors LLC now owns 22,163 shares of the aerospace company’s stock worth $6,261,000 after acquiring an additional 11,236 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its position in General Dynamics by 154.4% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 49,765 shares of the aerospace company’s stock valued at $14,059,000 after purchasing an additional 30,203 shares during the period. Finally, Westwood Holdings Group Inc. lifted its stake in shares of General Dynamics by 32.6% in the 1st quarter. Westwood Holdings Group Inc. now owns 139,778 shares of the aerospace company’s stock valued at $39,486,000 after purchasing an additional 34,340 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Up 0.1 %

Shares of NYSE GD opened at $282.31 on Friday. General Dynamics Co. has a 1 year low of $243.87 and a 1 year high of $316.90. The company has a market capitalization of $77.63 billion, a price-to-earnings ratio of 21.50, a price-to-earnings-growth ratio of 1.71 and a beta of 0.61. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.32 and a quick ratio of 0.80. The business has a 50-day moving average of $298.62 and a two-hundred day moving average of $295.63.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing the consensus estimate of $3.48 by ($0.13). General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. The company had revenue of $11.67 billion for the quarter, compared to analyst estimates of $11.65 billion. During the same quarter in the prior year, the business earned $3.04 earnings per share. General Dynamics’s revenue was up 10.4% compared to the same quarter last year. On average, analysts forecast that General Dynamics Co. will post 13.98 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Peter A. Wall sold 1,320 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $308.05, for a total value of $406,626.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Christopher J. Brady sold 5,540 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $280.91, for a total value of $1,556,241.40. Following the transaction, the vice president now directly owns 20,296 shares of the company’s stock, valued at approximately $5,701,349.36. This trade represents a 21.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GD. Royal Bank of Canada increased their price target on 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 General Dynamics from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $293.00 to $345.00 in a research report on Friday, August 9th. Barclays increased their price target on General Dynamics from $325.00 to $330.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Citigroup boosted their price objective on General Dynamics from $331.00 to $354.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, Seaport Res Ptn downgraded General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, General Dynamics currently has an average rating of “Moderate Buy” and an average 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.