General Dynamics Co. (NYSE:GD) Shares Purchased by Blackhawk Capital Partners LLC.

Blackhawk Capital Partners LLC. raised its holdings in shares of General Dynamics Co. (NYSE:GD) by 1.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,285 shares of the aerospace company’s stock after buying an additional 80 shares during the quarter. Blackhawk Capital Partners LLC.’s holdings in General Dynamics were worth $1,295,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. MFA Wealth Advisors LLC raised its position in shares of General Dynamics by 241.7% during the 3rd quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after buying an additional 58 shares during the period. Hara Capital LLC purchased a new stake in General Dynamics in the third quarter valued at $26,000. New Covenant Trust Company N.A. purchased a new position in shares of General Dynamics during the 1st quarter worth $29,000. American Capital Advisory LLC acquired a new stake in shares of General Dynamics during the 2nd quarter worth about $29,000. Finally, Lowe Wealth Advisors LLC purchased a new stake in General Dynamics in the 3rd quarter valued at about $30,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GD has been the topic of a number of research analyst reports. Barclays boosted their price target on shares of General Dynamics from $325.00 to $330.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of General Dynamics from $309.00 to $306.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Seaport Res Ptn cut shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Susquehanna increased their target price on General Dynamics from $333.00 to $352.00 and gave the company a “positive” rating in a report on Thursday, October 17th. Finally, Wells Fargo & Company lifted their price target on General Dynamics from $317.00 to $322.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $323.69.

General Dynamics Stock Down 0.3 %

GD opened at $279.98 on Thursday. General Dynamics Co. has a 52 week low of $243.87 and a 52 week high of $316.90. The business has a 50 day moving average price of $301.32 and a two-hundred day moving average price of $296.16. The company has a quick ratio of 0.80, a current ratio of 1.32 and a debt-to-equity ratio of 0.32. The company has a market cap of $76.99 billion, a PE ratio of 21.32, a P/E/G ratio of 1.70 and a beta of 0.61.

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

Insider Buying and Selling at General Dynamics

In related news, Director Peter A. Wall sold 1,320 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,106,515.60. The trade was a 26.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.52% of the stock is owned by corporate insiders.

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.