Blake Schutter Theil Wealth Advisors LLC Invests $528,000 in General Dynamics Co. (NYSE:GD)

Blake Schutter Theil Wealth Advisors LLC acquired a new position in shares of General Dynamics Co. (NYSE:GD - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,748 shares of the aerospace company's stock, valued at approximately $528,000.

A number of other large investors have also recently bought and sold shares of GD. Signaturefd LLC grew its stake in General Dynamics by 3.2% during the first quarter. Signaturefd LLC now owns 4,707 shares of the aerospace company's stock worth $1,330,000 after buying an additional 147 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of General Dynamics by 8.7% in the first quarter. Geneos Wealth Management Inc. now owns 2,961 shares of the aerospace company's stock worth $837,000 after acquiring an additional 238 shares during the last quarter. Texas Permanent School Fund Corp lifted its holdings in shares of General Dynamics by 0.4% in the first quarter. Texas Permanent School Fund Corp now owns 46,934 shares of the aerospace company's stock worth $13,258,000 after acquiring an additional 165 shares during the last quarter. Advisory Services Network LLC lifted its holdings in shares of General Dynamics by 6.2% in the first quarter. Advisory Services Network LLC now owns 25,231 shares of the aerospace company's stock worth $7,128,000 after acquiring an additional 1,475 shares during the last quarter. Finally, Empirical Finance LLC lifted its holdings in shares of General Dynamics by 3.4% in the first quarter. Empirical Finance LLC now owns 8,238 shares of the aerospace company's stock worth $2,327,000 after acquiring an additional 274 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Trading Down 0.8 %

Shares of GD stock traded down $2.38 during trading hours on Thursday, hitting $306.08. 887,098 shares of the company were exchanged, compared to its average volume of 1,097,051. The firm has a market cap of $84.16 billion, a P/E ratio of 23.36, a P/E/G ratio of 1.78 and a beta of 0.61. General Dynamics Co. has a fifty-two week low of $238.31 and a fifty-two week high of $313.11. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.80 and a current ratio of 1.32. The company has a 50 day simple moving average of $301.25 and a two-hundred day simple moving average of $295.38.

General Dynamics (NYSE:GD - Get Free Report) 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). 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 analyst estimates of $11.65 billion. During the same period in the previous year, the business posted $3.04 EPS. The business's revenue for the quarter was up 10.4% compared to the same quarter last year. Equities analysts anticipate that General Dynamics Co. will post 13.97 EPS for the current year.

Insider Activity at General Dynamics

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the firm's stock in a transaction 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 transaction, the director now directly owns 3,592 shares in the company, valued at approximately $1,106,515.60. This trade 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 the SEC website. 1.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on GD shares. Deutsche Bank Aktiengesellschaft dropped their target price 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. TD Cowen upgraded shares of General Dynamics to a "strong-buy" rating in a report on Tuesday, October 8th. Royal Bank of Canada raised their price objective 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. Sanford C. Bernstein dropped their price objective on shares of General Dynamics from $343.00 to $331.00 and set a "market perform" rating for the company in a report on Thursday, October 24th. Finally, Barclays raised 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. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus 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.