General Dynamics Co. (NYSE:GD) Shares Acquired by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC grew its holdings in shares of General Dynamics Co. (NYSE:GD - Free Report) by 67.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,546 shares of the aerospace company's stock after purchasing an additional 3,448 shares during the period. Fifth Third Wealth Advisors LLC's holdings in General Dynamics were worth $2,583,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Coston McIsaac & Partners lifted its stake in shares of General Dynamics by 22.8% during the third quarter. Coston McIsaac & Partners now owns 178 shares of the aerospace company's stock valued at $53,000 after buying an additional 33 shares during the period. Global X Japan Co. Ltd. lifted its holdings in shares of General Dynamics by 2.3% during the third quarter. Global X Japan Co. Ltd. now owns 1,482 shares of the aerospace company's stock valued at $448,000 after purchasing an additional 33 shares during the last quarter. Grove Bank & Trust lifted its position in shares of General Dynamics by 10.6% in the third quarter. Grove Bank & Trust now owns 354 shares of the aerospace company's stock worth $107,000 after purchasing an additional 34 shares in the last quarter. Trueblood Wealth Management LLC increased its stake in shares of General Dynamics by 1.6% during the 3rd quarter. Trueblood Wealth Management LLC now owns 2,223 shares of the aerospace company's stock worth $672,000 after purchasing an additional 34 shares during the last quarter. Finally, Modera Wealth Management LLC increased its stake in shares of General Dynamics by 0.4% in the second quarter. Modera Wealth Management LLC now owns 8,120 shares of the aerospace company's stock worth $2,356,000 after purchasing an additional 35 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

General Dynamics Stock Down 1.2 %

NYSE:GD traded down $3.44 during trading hours on Tuesday, reaching $282.56. 743,420 shares of the company traded hands, compared to its average volume of 1,099,888. General Dynamics Co. has a 1 year low of $243.87 and a 1 year high of $316.90. The business's 50-day moving average price is $302.14 and its two-hundred day moving average price is $296.33. The company has a current ratio of 1.32, a quick ratio of 0.80 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $77.70 billion, a P/E ratio of 21.78, a P/E/G ratio of 1.74 and a beta of 0.61.

General Dynamics (NYSE:GD - Get Free Report) last released its 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 business had revenue of $11.67 billion for the quarter, compared to analysts' expectations of $11.65 billion. General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. The business's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.04 EPS. Analysts predict that General Dynamics Co. will post 13.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on GD shares. Seaport Res Ptn lowered General Dynamics from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 11th. Barclays increased their price target on shares of General Dynamics from $325.00 to $330.00 and gave the company an "overweight" rating in a research note on Tuesday, October 29th. Wells Fargo & Company lifted their price objective on shares of General Dynamics from $317.00 to $322.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft reduced their price objective on General Dynamics from $309.00 to $306.00 and set a "hold" rating on the stock in a research report on Friday, November 1st. Finally, Royal Bank of Canada boosted their target price 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. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, General Dynamics has an average rating of "Moderate Buy" and a consensus target price of $323.69.

Insider Buying and Selling at General Dynamics

In related news, Director Peter A. Wall sold 1,320 shares of the firm'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 transaction, the director now directly owns 3,592 shares of the company's stock, valued at approximately $1,106,515.60. This trade represents a 26.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.60% of the company's stock.

General Dynamics 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.