Radnor Capital Management LLC Invests $2.04 Million in General Dynamics Co. (NYSE:GD)

Radnor Capital Management LLC acquired a new stake in shares of General Dynamics Co. (NYSE:GD) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 6,743 shares of the aerospace company’s stock, valued at approximately $2,038,000.

Other hedge funds have also recently made changes to their positions in the company. 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 purchasing an additional 58 shares during the period. New Covenant Trust Company N.A. purchased a new position in shares of General Dynamics in the 1st quarter worth $29,000. American Capital Advisory LLC purchased a new position in shares of General Dynamics in the 2nd quarter worth $29,000. Lowe Wealth Advisors LLC purchased a new position in shares of General Dynamics in the 3rd quarter worth $30,000. Finally, Beacon Capital Management LLC grew its stake in shares of General Dynamics by 1,144.4% in the 1st quarter. Beacon Capital Management LLC now owns 112 shares of the aerospace company’s stock worth $32,000 after buying an additional 103 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GD has been the subject of several analyst reports. Morgan Stanley upgraded shares of General Dynamics from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $293.00 to $345.00 in a report on Friday, August 9th. Barclays lifted their price objective on shares of General Dynamics from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Royal Bank of Canada boosted their price target on shares of General Dynamics from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Seaport Res Ptn lowered shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of General Dynamics from $309.00 to $306.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Seven research 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $323.69.

General Dynamics Stock Up 1.1 %

GD opened at $296.78 on Wednesday. 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 stock has a market capitalization of $81.61 billion, a price-to-earnings ratio of 22.60, a price-to-earnings-growth ratio of 1.75 and a beta of 0.61. The business has a 50-day moving average of $301.01 and a two-hundred day moving average of $295.29. General Dynamics Co. has a 12 month low of $238.31 and a 12 month high of $313.11.

General Dynamics (NYSE:GD) last posted its quarterly earnings results 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). The firm had revenue of $11.67 billion for the quarter, compared to analyst estimates of $11.65 billion. General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The business’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the company posted $3.04 earnings per share. On average, research analysts expect that General Dynamics Co. will post 13.97 earnings per share for the current year.

Insider Activity at General Dynamics

In related news, Director Peter A. Wall sold 1,320 shares of the 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 approximately $1,106,515.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.60% of the company’s stock.

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.