CWS Financial Advisors LLC Raises Holdings in General Dynamics Co. (NYSE:GD)

CWS Financial Advisors LLC grew its position in General Dynamics Co. (NYSE:GD) by 8.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,539 shares of the aerospace company’s stock after buying an additional 119 shares during the quarter. CWS Financial Advisors LLC’s holdings in General Dynamics were worth $465,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Financial Counselors Inc. lifted its holdings in shares of General Dynamics by 183.8% in the 3rd quarter. Financial Counselors Inc. now owns 5,690 shares of the aerospace company’s stock worth $1,720,000 after buying an additional 3,685 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of General Dynamics by 4.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 666,544 shares of the aerospace company’s stock worth $201,430,000 after purchasing an additional 29,223 shares during the last quarter. Public Sector Pension Investment Board lifted its stake in shares of General Dynamics by 11.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 64,455 shares of the aerospace company’s stock worth $19,478,000 after purchasing an additional 6,400 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of General Dynamics by 7.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,899 shares of the aerospace company’s stock worth $17,497,000 after purchasing an additional 4,024 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its stake in shares of General Dynamics by 9.5% during the 3rd quarter. MetLife Investment Management LLC now owns 67,322 shares of the aerospace company’s stock worth $20,345,000 after purchasing an additional 5,859 shares during the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GD has been the subject of a number of analyst reports. Morgan Stanley upgraded General Dynamics from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $293.00 to $345.00 in a research note on Friday, August 9th. Seaport Res Ptn lowered General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Susquehanna upped their target price on General Dynamics from $333.00 to $352.00 and gave the company a “positive” rating in a research report on Thursday, October 17th. TD Cowen raised General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 8th. Finally, Sanford C. Bernstein reduced 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. 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $323.69.

Insider Transactions at General Dynamics

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $308.05, for a total transaction of $406,626.00. Following the transaction, the director now owns 3,592 shares in the company, valued at approximately $1,106,515.60. This represents a 26.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 owns 20,296 shares in the company, valued at $5,701,349.36. This represents a 21.44 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.52% of the company’s stock.

General Dynamics Stock Up 0.1 %

Shares of GD stock opened at $282.31 on Friday. The stock’s 50-day simple moving average is $298.62 and its 200-day simple moving average is $295.63. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.80 and a current ratio of 1.32. The firm has a market capitalization of $77.63 billion, a PE ratio of 21.50, a P/E/G ratio of 1.71 and a beta of 0.61. General Dynamics Co. has a fifty-two week low of $243.87 and a fifty-two week high of $316.90.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 EPS 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 company had revenue of $11.67 billion during the quarter, compared to analysts’ expectations of $11.65 billion. During the same quarter in the previous year, the company earned $3.04 EPS. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. Equities analysts expect that General Dynamics Co. will post 13.98 earnings per share for the current year.

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.