Entropy Technologies LP Sells 5,546 Shares of General Dynamics Co. (NYSE:GD)

Entropy Technologies LP lessened its position in General Dynamics Co. (NYSE:GD - Free Report) by 65.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,889 shares of the aerospace company's stock after selling 5,546 shares during the quarter. Entropy Technologies LP's holdings in General Dynamics were worth $873,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in General Dynamics during the 1st quarter valued at about $361,000. Ledyard National Bank acquired a new position in General Dynamics in the 1st quarter valued at approximately $205,000. Beacon Investment Advisory Services Inc. lifted its position in General Dynamics by 7.6% in the 1st quarter. Beacon Investment Advisory Services Inc. now owns 1,067 shares of the aerospace company's stock worth $301,000 after buying an additional 75 shares in the last quarter. Kingsview Wealth Management LLC boosted its stake in shares of General Dynamics by 87.6% during the 1st quarter. Kingsview Wealth Management LLC now owns 14,690 shares of the aerospace company's stock valued at $4,150,000 after buying an additional 6,858 shares during the period. Finally, HBK Sorce Advisory LLC grew its holdings in shares of General Dynamics by 1.1% during the 1st quarter. HBK Sorce Advisory LLC now owns 7,664 shares of the aerospace company's stock valued at $2,165,000 after acquiring an additional 82 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

Insider Transactions at General Dynamics

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the company'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 value of $406,626.00. Following the completion of the transaction, the director now owns 3,592 shares of the company's stock, valued at $1,106,515.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.52% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Seaport Res Ptn lowered General Dynamics from a "strong-buy" rating to a "hold" rating in a report on Friday, October 11th. Wells Fargo & Company raised their price target on General Dynamics from $317.00 to $322.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 24th. Susquehanna boosted their price target on General Dynamics from $333.00 to $352.00 and gave the company a "positive" rating in a research note on Thursday, October 17th. TD Cowen raised shares of General Dynamics to a "strong-buy" rating in a research report on Tuesday, October 8th. Finally, Barclays boosted their target price on shares of General Dynamics from $325.00 to $330.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 29th. 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. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $323.69.

General Dynamics Stock Performance

Shares of NYSE GD traded down $17.74 during trading hours on Thursday, hitting $296.29. 524,379 shares of the company's stock were exchanged, compared to its average volume of 1,090,455. The stock has a market capitalization of $81.47 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 1.89 and a beta of 0.61. The company's 50-day moving average price is $302.64 and its 200-day moving average price is $296.23. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.32 and a quick ratio of 0.80. General Dynamics Co. has a 1-year low of $243.87 and a 1-year high of $316.90.

General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share for the quarter, missing the consensus estimate of $3.48 by ($0.13). The business had revenue of $11.67 billion during the quarter, compared to the consensus estimate of $11.65 billion. General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The firm's revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the company posted $3.04 earnings per share. On average, sell-side analysts expect that General Dynamics Co. will post 13.97 earnings per share for the current fiscal year.

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.