CWS Financial Advisors LLC Grows Stock Position in General Dynamics Co. (NYSE:GD)

CWS Financial Advisors LLC grew its position in General Dynamics Co. (NYSE:GD) by 8.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,539 shares of the aerospace company’s stock after buying an additional 119 shares during the quarter. CWS Financial Advisors LLC’s holdings in General Dynamics were worth $465,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in GD. MFA Wealth Advisors LLC raised its stake in General Dynamics by 241.7% during the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 58 shares during the period. Hara Capital LLC purchased a new stake in shares of General Dynamics during the 3rd quarter valued at approximately $26,000. American Capital Advisory LLC acquired a new position in General Dynamics in the second quarter valued at approximately $29,000. Lowe Wealth Advisors LLC purchased a new position in General Dynamics in the third quarter worth approximately $30,000. Finally, Atlantic Edge Private Wealth Management LLC increased its stake in General Dynamics by 120.0% during the second quarter. Atlantic Edge Private Wealth Management LLC now owns 110 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

GD has been the topic of a number of recent analyst reports. Susquehanna upped their target price 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. Citigroup lifted their price target 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. 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. Royal Bank of Canada lifted their price target on shares of General Dynamics from $320.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Morgan Stanley upgraded shares of General Dynamics from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $293.00 to $345.00 in a research report on Friday, August 9th. Seven equities research 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.69.

Insider Buying and Selling

In other news, VP Christopher J. Brady sold 5,540 shares of the business’s stock in a transaction that occurred on 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 approximately $5,701,349.36. The trade was 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 link. Also, Director Peter A. Wall sold 1,320 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was 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 $1,106,515.60. This represents a 26.87 % decrease in their position. The disclosure for this sale can be found here. 1.52% of the stock is owned by insiders.

General Dynamics Stock Up 0.1 %

Shares of General Dynamics stock opened at $282.31 on Friday. General Dynamics Co. has a 52-week low of $243.87 and a 52-week high of $316.90. The company has a 50 day moving average of $298.62 and a 200 day moving average of $295.63. 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 capitalization of $77.63 billion, a P/E ratio of 21.50, a P/E/G ratio of 1.71 and a beta of 0.61.

General Dynamics (NYSE:GD) last issued its quarterly earnings results 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 return on equity of 16.59% and a net margin of 7.90%. The firm had revenue of $11.67 billion during the quarter, compared to analysts’ expectations of $11.65 billion. During the same quarter in the prior year, the firm earned $3.04 EPS. The firm’s revenue was up 10.4% compared to the same quarter last year. As a group, research analysts forecast that General Dynamics Co. will post 13.98 EPS 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.