Intellectus Partners LLC Acquires New Holdings in General Dynamics Co. (NYSE:GD)

Intellectus Partners LLC bought a new position in shares of General Dynamics Co. (NYSE:GD) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,299 shares of the aerospace company’s stock, valued at approximately $695,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. MFA Wealth Advisors LLC lifted its position in General Dynamics by 241.7% during the third 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 during the last quarter. Hara Capital LLC acquired a new position in shares of General Dynamics during the third quarter worth $26,000. New Covenant Trust Company N.A. purchased a new stake in shares of General Dynamics during the 1st quarter valued at $29,000. American Capital Advisory LLC acquired a new stake in shares of General Dynamics in the 2nd quarter worth $29,000. Finally, Lowe Wealth Advisors LLC purchased a new position in General Dynamics during the 3rd quarter worth $30,000. Institutional investors own 86.14% of the company’s stock.

General Dynamics Price Performance

Shares of NYSE GD opened at $288.01 on Friday. 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 firm’s 50 day simple moving average is $302.55 and its 200-day simple moving average is $296.20. General Dynamics Co. has a 12 month low of $243.87 and a 12 month high of $316.90. The stock has a market capitalization of $79.19 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 1.90 and a beta of 0.61.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $11.65 billion. During the same quarter last year, the company posted $3.04 EPS. The company’s revenue was up 10.4% on a year-over-year basis. Analysts expect that General Dynamics Co. will post 13.97 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on GD shares. Citigroup raised their price target on General Dynamics from $331.00 to $354.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Susquehanna boosted their target price on shares of General Dynamics from $333.00 to $352.00 and gave the stock a “positive” rating in a research report on Thursday, October 17th. Wells Fargo & Company raised their price target on shares of General Dynamics from $317.00 to $322.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Sanford C. Bernstein dropped their price objective on shares of General Dynamics from $343.00 to $331.00 and set a “market perform” rating on the stock in a report on Thursday, October 24th. Finally, TD Cowen upgraded General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 8th. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $323.69.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the company’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 completion of the sale, the director now directly owns 3,592 shares in the company, valued at $1,106,515.60. This represents a 26.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.52% of the stock is owned by corporate insiders.

General Dynamics Company 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.