Brown Brothers Harriman & Co. Sells 5,519 Shares of General Dynamics Co. (NYSE:GD)

Brown Brothers Harriman & Co. trimmed its position in General Dynamics Co. (NYSE:GD) by 65.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,871 shares of the aerospace company’s stock after selling 5,519 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in General Dynamics were worth $868,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GD. MFA Wealth Advisors LLC increased its holdings 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 buying an additional 58 shares during the last quarter. Hara Capital LLC bought a new stake in General Dynamics during the third quarter worth approximately $26,000. American Capital Advisory LLC purchased a new stake in General Dynamics during the second quarter valued at approximately $29,000. Lowe Wealth Advisors LLC bought a new stake in shares of General Dynamics in the 3rd quarter valued at approximately $30,000. Finally, New Covenant Trust Company N.A. purchased a new position in shares of General Dynamics in the 1st quarter worth approximately $29,000. 86.14% of the stock is owned by institutional investors.

Insider Buying and Selling at General Dynamics

In other General Dynamics 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 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. The trade was 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 the SEC website. Also, VP Christopher J. Brady sold 5,540 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $280.91, for a total transaction of $1,556,241.40. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

General Dynamics Stock Performance

Shares of General Dynamics stock opened at $282.01 on Wednesday. General Dynamics Co. has a 12 month low of $243.87 and a 12 month high of $316.90. The stock’s fifty day moving average price is $299.47 and its 200-day moving average price is $295.82. The firm has a market cap of $77.54 billion, a P/E ratio of 21.48, a P/E/G ratio of 1.70 and a beta of 0.61. 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 posted its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 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 business had revenue of $11.67 billion during the quarter, compared to the consensus estimate of $11.65 billion. During the same quarter in the prior year, the firm posted $3.04 EPS. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, equities research analysts expect that General Dynamics Co. will post 13.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on GD shares. Seaport Res Ptn lowered General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Barclays raised their target price on shares of General Dynamics from $325.00 to $330.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft cut their price target on shares of General Dynamics from $309.00 to $306.00 and set a “hold” rating on the stock in a report on Friday, November 1st. TD Cowen raised shares of General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 8th. Finally, Royal Bank of Canada upped their target price on General Dynamics from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, General Dynamics has a consensus rating of “Moderate Buy” and an average price target of $323.69.

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.