Atria Investments Inc Sells 1,009 Shares of General Dynamics Co. (NYSE:GD)

Atria Investments Inc cut its holdings in shares of General Dynamics Co. (NYSE:GD) by 2.4% during the third quarter, HoldingsChannel.com reports. The firm owned 40,647 shares of the aerospace company’s stock after selling 1,009 shares during the period. Atria Investments Inc’s holdings in General Dynamics were worth $12,283,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. 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 purchasing an additional 58 shares in the last quarter. Hara Capital LLC acquired a new position in shares of General Dynamics during the third quarter worth $26,000. American Capital Advisory LLC acquired a new position in shares of General Dynamics during the second quarter worth $29,000. Lowe Wealth Advisors LLC acquired a new position in shares of General Dynamics during the third quarter worth $30,000. Finally, New Covenant Trust Company N.A. acquired a new position in shares of General Dynamics during the first quarter worth $29,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on GD. Royal Bank of Canada upped their target price on General Dynamics from $320.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Sanford C. Bernstein cut their target price on General Dynamics from $343.00 to $331.00 and set a “market perform” rating on the stock in a research report on Thursday, October 24th. 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. Barclays upped their target price on General Dynamics from $325.00 to $330.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. 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 investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $323.69.

General Dynamics Trading Up 1.1 %

GD stock opened at $309.47 on Monday. The company’s 50-day simple moving average is $301.62 and its 200-day simple moving average is $295.60. The company has a quick ratio of 0.80, a current ratio of 1.32 and a debt-to-equity ratio of 0.32. General Dynamics Co. has a 52-week low of $238.31 and a 52-week high of $313.11. The firm has a market cap of $85.09 billion, a P/E ratio of 23.57, a PEG ratio of 1.87 and a beta of 0.61.

General Dynamics (NYSE:GD) last posted its 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 return on equity of 16.59% and a net margin of 7.90%. The firm had revenue of $11.67 billion for the quarter, compared to analysts’ expectations of $11.65 billion. During the same period in the previous year, the company earned $3.04 earnings per share. The company’s revenue was up 10.4% compared to the same quarter last year. As a group, equities analysts forecast that General Dynamics Co. will post 13.97 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Peter A. Wall sold 1,320 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $308.05, for a total transaction of $406,626.00. Following the completion of the transaction, the director now owns 3,592 shares in the company, valued at $1,106,515.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.52% of the company’s stock.

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.