Prudent Man Advisors LLC Sells 68 Shares of General Dynamics Co. (NYSE:GD)

Prudent Man Advisors LLC lowered its position in General Dynamics Co. (NYSE:GD) by 2.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,589 shares of the aerospace company’s stock after selling 68 shares during the quarter. Prudent Man Advisors LLC’s holdings in General Dynamics were worth $782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of GD. MFA Wealth Advisors LLC increased its position in shares of General Dynamics by 241.7% in 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 period. Hara Capital LLC bought a new stake in shares of General Dynamics in the third quarter worth about $26,000. New Covenant Trust Company N.A. purchased a new position in General Dynamics during the 1st quarter valued at about $29,000. American Capital Advisory LLC bought a new position in General Dynamics during the 2nd quarter valued at approximately $29,000. Finally, Lowe Wealth Advisors LLC purchased a new stake in General Dynamics in the 3rd quarter worth approximately $30,000. 86.14% of the stock is currently owned by institutional investors.

Insider Activity

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the company’s 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 completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.52% of the company’s stock.

General Dynamics Trading Down 1.5 %

Shares of GD stock opened at $287.99 on Monday. 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 company has a market cap of $79.19 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 1.74 and a beta of 0.61. General Dynamics Co. has a 1 year low of $243.87 and a 1 year high of $316.90. The firm has a fifty day moving average price of $302.45 and a 200-day moving average price of $296.34.

General Dynamics (NYSE:GD) last released 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). The company had revenue of $11.67 billion for the quarter, compared to the consensus estimate of $11.65 billion. General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm posted $3.04 EPS. As a group, equities analysts predict that General Dynamics Co. will post 13.98 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. TD Cowen raised shares of General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 8th. Barclays lifted their price objective on General Dynamics from $325.00 to $330.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Citigroup increased their target price on General Dynamics from $331.00 to $354.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Wells Fargo & Company lifted their price target 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. Finally, Morgan Stanley upgraded General Dynamics from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $293.00 to $345.00 in a research note on Friday, August 9th. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, General Dynamics has a consensus rating of “Moderate Buy” and a consensus price target of $323.69.

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.