Brooklyn Investment Group Invests $269,000 in General Dynamics Co. (NYSE:GD)

Brooklyn Investment Group bought a new stake in shares of General Dynamics Co. (NYSE:GD) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 892 shares of the aerospace company’s stock, valued at approximately $269,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MFA Wealth Advisors LLC increased its stake in shares of General Dynamics by 241.7% in the 3rd 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 purchased a new stake in General Dynamics in the third quarter worth about $26,000. New Covenant Trust Company N.A. bought a new position in shares of General Dynamics in the first quarter worth about $29,000. American Capital Advisory LLC bought a new position in shares of General Dynamics during the 2nd quarter valued at approximately $29,000. Finally, Lowe Wealth Advisors LLC bought a new position in shares of General Dynamics during the 3rd quarter valued at approximately $30,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Sanford C. Bernstein lowered their price target 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. Royal Bank of Canada raised their price target on General Dynamics from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lowered their price target on General Dynamics from $309.00 to $306.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Barclays upped their target price on shares of General Dynamics from $325.00 to $330.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Finally, Susquehanna increased their price objective on shares of General Dynamics from $333.00 to $352.00 and gave the company a “positive” rating in a report on Thursday, October 17th. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $323.69.

General Dynamics Stock Performance

Shares of NYSE:GD opened at $282.01 on Wednesday. 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 company has a market capitalization of $77.54 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 1.70 and a beta of 0.61. General Dynamics Co. has a 12 month low of $243.87 and a 12 month high of $316.90. The firm’s 50-day moving average is $299.47 and its 200 day moving average is $295.82.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The business had revenue of $11.67 billion for the quarter, compared to analysts’ expectations of $11.65 billion. During the same quarter in the previous year, the firm earned $3.04 EPS. General Dynamics’s revenue was up 10.4% compared to the same quarter last year. Research analysts predict that General Dynamics Co. will post 13.98 EPS for the current year.

Insider Transactions at General Dynamics

In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of the company’s stock in a transaction 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 completion of the sale, the vice president now directly owns 20,296 shares in the company, valued at approximately $5,701,349.36. This represents a 21.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Peter A. Wall sold 1,320 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $308.05, for a total value 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 position. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

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.