Douglass Winthrop Advisors LLC Sells 100 Shares of General Dynamics Co. (NYSE:GD)

Douglass Winthrop Advisors LLC decreased its holdings in General Dynamics Co. (NYSE:GD) by 11.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 795 shares of the aerospace company’s stock after selling 100 shares during the period. Douglass Winthrop Advisors LLC’s holdings in General Dynamics were worth $240,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Global X Japan Co. Ltd. boosted its stake in General Dynamics by 2.3% during the third quarter. Global X Japan Co. Ltd. now owns 1,482 shares of the aerospace company’s stock valued at $448,000 after buying an additional 33 shares during the period. Coston McIsaac & Partners increased its position in shares of General Dynamics by 22.8% in the third quarter. Coston McIsaac & Partners now owns 178 shares of the aerospace company’s stock worth $53,000 after purchasing an additional 33 shares during the last quarter. Grove Bank & Trust raised its stake in General Dynamics by 10.6% in the third quarter. Grove Bank & Trust now owns 354 shares of the aerospace company’s stock valued at $107,000 after purchasing an additional 34 shares in the last quarter. Trueblood Wealth Management LLC increased its holdings in shares of General Dynamics by 1.6% in the 3rd quarter. Trueblood Wealth Management LLC now owns 2,223 shares of the aerospace company’s stock worth $672,000 after buying an additional 34 shares during the last quarter. Finally, Modera Wealth Management LLC raised its position in shares of General Dynamics by 0.4% during the 2nd quarter. Modera Wealth Management LLC now owns 8,120 shares of the aerospace company’s stock valued at $2,356,000 after buying an additional 35 shares in the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

General Dynamics Price Performance

GD opened at $281.30 on Tuesday. General Dynamics Co. has a 12-month low of $243.87 and a 12-month high of $316.90. The company has a market cap of $77.35 billion, a price-to-earnings ratio of 21.42, a price-to-earnings-growth ratio of 1.70 and a beta of 0.61. The company has a current ratio of 1.32, a quick ratio of 0.80 and a debt-to-equity ratio of 0.32. The stock has a fifty day simple moving average of $299.91 and a two-hundred day simple moving average of $295.92.

General Dynamics (NYSE:GD) last released its 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). The company had revenue of $11.67 billion during the quarter, compared to the consensus estimate 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 period last year, the firm posted $3.04 earnings per share. Research analysts predict that General Dynamics Co. will post 13.98 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $308.05, for a total transaction of $406,626.00. Following the sale, the director now owns 3,592 shares in the company, valued at approximately $1,106,515.60. This trade represents a 26.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GD. Susquehanna increased their target price on General Dynamics from $333.00 to $352.00 and gave the company a “positive” rating in a research note on Thursday, October 17th. Wells Fargo & Company increased their price objective 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. Deutsche Bank Aktiengesellschaft cut their target price on General Dynamics from $309.00 to $306.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Royal Bank of Canada lifted their price target on shares of General Dynamics from $320.00 to $330.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, TD Cowen raised shares of General Dynamics to a “strong-buy” rating in a report on Tuesday, October 8th. Seven equities research 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $323.69.

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.