Community Bank & Trust Waco Texas Acquires 1,901 Shares of General Dynamics Co. (NYSE:GD)

Community Bank & Trust Waco Texas raised its position in General Dynamics Co. (NYSE:GD - Free Report) by 9.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 21,539 shares of the aerospace company's stock after purchasing an additional 1,901 shares during the period. General Dynamics accounts for approximately 1.5% of Community Bank & Trust Waco Texas' portfolio, making the stock its 24th largest position. Community Bank & Trust Waco Texas' holdings in General Dynamics were worth $6,509,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of GD. Entropy Technologies LP raised its position in shares of General Dynamics by 325.8% in the 1st quarter. Entropy Technologies LP now owns 5,782 shares of the aerospace company's stock worth $1,633,000 after purchasing an additional 4,424 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of General Dynamics during the 1st quarter worth about $361,000. Koshinski Asset Management Inc. grew its stake in shares of General Dynamics by 133.9% in the 1st quarter. Koshinski Asset Management Inc. now owns 3,336 shares of the aerospace company's stock valued at $942,000 after purchasing an additional 1,910 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in General Dynamics by 7.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 262,920 shares of the aerospace company's stock valued at $74,272,000 after purchasing an additional 17,743 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in General Dynamics by 14.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 294,751 shares of the aerospace company's stock valued at $83,264,000 after acquiring an additional 36,541 shares during the period. Institutional investors and hedge funds own 86.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on GD. Royal Bank of Canada increased their target price on shares of General Dynamics from $320.00 to $330.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Sanford C. Bernstein decreased their target price on General Dynamics from $343.00 to $331.00 and set a "market perform" rating on the stock in a research note on Thursday, October 24th. Susquehanna lifted their price objective on General Dynamics from $333.00 to $352.00 and gave the company a "positive" rating in a research note on Thursday, October 17th. Wells Fargo & Company boosted their price objective on General Dynamics from $317.00 to $322.00 and gave the company an "equal weight" rating in a research report on Thursday, October 24th. Finally, Morgan Stanley upgraded General Dynamics from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $293.00 to $345.00 in a report on Friday, August 9th. Seven 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 company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $323.69.

Insider Activity at General Dynamics

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the business's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $308.05, for a total transaction of $406,626.00. Following the completion of the transaction, the director now directly owns 3,592 shares of the company's stock, valued at $1,106,515.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.52% of the company's stock.

General Dynamics Stock Performance

Shares of NYSE:GD traded up $2.56 during midday trading on Wednesday, reaching $314.61. 509,667 shares of the company traded hands, compared to its average volume of 1,091,224. The firm has a market capitalization of $86.51 billion, a price-to-earnings ratio of 24.08, a price-to-earnings-growth ratio of 1.89 and a beta of 0.61. General Dynamics Co. has a 12 month low of $243.87 and a 12 month high of $316.90. The firm's fifty day moving average price is $302.25 and its two-hundred day moving average price is $296.11. The company has a quick ratio of 0.80, a current ratio of 1.32 and a debt-to-equity ratio of 0.32.

General Dynamics (NYSE:GD - Get Free Report) last announced 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 company had revenue of $11.67 billion for 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 last year, the business posted $3.04 EPS. On average, equities analysts expect that General Dynamics Co. will post 13.97 earnings per share for the current 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.