General Dynamics Co. (NYSE:GD) Shares Purchased by Empirical Finance LLC

Empirical Finance LLC raised its stake in shares of General Dynamics Co. (NYSE:GD) by 2.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,851 shares of the aerospace company’s stock after buying an additional 165 shares during the quarter. Empirical Finance LLC’s holdings in General Dynamics were worth $2,373,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. MFA Wealth Advisors LLC raised its holdings in General Dynamics by 241.7% in the third 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 position in shares of General Dynamics in the 3rd quarter valued at $26,000. New Covenant Trust Company N.A. acquired a new position in shares of General Dynamics during the 1st quarter valued at $29,000. American Capital Advisory LLC purchased a new stake in General Dynamics during the 2nd quarter worth $29,000. Finally, Lowe Wealth Advisors LLC acquired a new stake in General Dynamics in the 3rd quarter valued at $30,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Performance

Shares of GD opened at $288.01 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.32 and a quick ratio of 0.80. The company’s fifty day moving average price is $302.45 and its 200 day moving average price is $296.21. The company has a market capitalization of $79.19 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 1.90 and a beta of 0.61. General Dynamics Co. has a one year low of $243.87 and a one year high of $316.90.

General Dynamics (NYSE:GD) last released its earnings results 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 for the quarter, compared to analyst estimates of $11.65 billion. General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business earned $3.04 earnings per share. As a group, analysts expect that General Dynamics Co. will post 13.97 earnings per share for the current year.

Insider Buying and Selling at General Dynamics

In other news, Director Peter A. Wall sold 1,320 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 3,592 shares of the company’s stock, valued at $1,106,515.60. This represents a 26.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.52% of the company’s stock.

Analysts Set New Price Targets

GD has been the subject of several recent research reports. Citigroup increased their price objective on shares of General Dynamics from $331.00 to $354.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. TD Cowen raised shares of General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 8th. Susquehanna raised their price objective on General Dynamics from $333.00 to $352.00 and gave the company a “positive” rating in a research note on Thursday, October 17th. Sanford C. Bernstein decreased their price target on shares of General Dynamics from $343.00 to $331.00 and set a “market perform” rating for the company in a research report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of General Dynamics from $309.00 to $306.00 and set a “hold” rating for the company in a report on Friday, November 1st. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $323.69.

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.