United Capital Management of KS Inc. Cuts Stock Position in General Dynamics Co. (NYSE:GD)

United Capital Management of KS Inc. trimmed its position in shares of General Dynamics Co. (NYSE:GD) by 14.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,453 shares of the aerospace company’s stock after selling 3,271 shares during the quarter. General Dynamics accounts for approximately 1.3% of United Capital Management of KS Inc.’s investment portfolio, making the stock its 28th biggest position. United Capital Management of KS Inc.’s holdings in General Dynamics were worth $5,879,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its position in General Dynamics by 4.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,639,758 shares of the aerospace company’s stock valued at $2,216,599,000 after purchasing an additional 293,316 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in General Dynamics by 2.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,782,612 shares of the aerospace company’s stock worth $1,351,041,000 after acquiring an additional 115,063 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of General Dynamics by 2.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,071,803 shares of the aerospace company’s stock valued at $601,756,000 after purchasing an additional 47,915 shares during the last quarter. Boston Partners raised its holdings in shares of General Dynamics by 1.4% in the 1st quarter. Boston Partners now owns 1,680,666 shares of the aerospace company’s stock valued at $474,927,000 after purchasing an additional 23,262 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of General Dynamics by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,606,289 shares of the aerospace company’s stock worth $466,049,000 after purchasing an additional 23,304 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Peter A. Wall sold 1,320 shares of the company’s stock in a transaction 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 approximately $1,106,515.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. TD Cowen upgraded General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 8th. Morgan Stanley upgraded shares of General Dynamics from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $293.00 to $345.00 in a report on Friday, August 9th. Susquehanna boosted their price target on shares of General Dynamics from $333.00 to $352.00 and gave the company a “positive” rating in a research report on Thursday, October 17th. Seaport Res Ptn lowered General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Finally, Barclays lifted their target price on General Dynamics from $325.00 to $330.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $323.69.

General Dynamics Trading Up 1.1 %

Shares of GD stock opened at $309.47 on Monday. General Dynamics Co. has a twelve month low of $238.31 and a twelve month high of $313.11. The company has a market capitalization of $85.09 billion, a price-to-earnings ratio of 23.57, a PEG ratio of 1.87 and a beta of 0.61. The firm has a 50-day moving average price of $301.62 and a 200 day moving average price of $295.71. The company has a current ratio of 1.32, a quick ratio of 0.80 and a debt-to-equity ratio of 0.32.

General Dynamics (NYSE:GD) last announced its quarterly earnings data 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). General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The firm had revenue of $11.67 billion for the quarter, compared to analysts’ expectations of $11.65 billion. During the same period in the previous year, the company posted $3.04 EPS. The business’s quarterly revenue was up 10.4% on a year-over-year basis. Research analysts forecast that General Dynamics Co. will post 13.97 earnings per share for the current fiscal year.

About General Dynamics

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.