General Dynamics Co. (NYSE:GD) Shares Purchased by Independent Advisor Alliance

Independent Advisor Alliance grew its holdings in General Dynamics Co. (NYSE:GD - Free Report) by 12.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,373 shares of the aerospace company's stock after buying an additional 2,662 shares during the quarter. Independent Advisor Alliance's holdings in General Dynamics were worth $7,063,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in GD. MFA Wealth Advisors LLC raised its stake in General Dynamics by 241.7% in 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 last quarter. Hara Capital LLC purchased a new position in shares of General Dynamics in the third quarter worth about $26,000. American Capital Advisory LLC acquired a new position in General Dynamics during the second quarter worth about $29,000. Lowe Wealth Advisors LLC purchased a new stake in General Dynamics during the 3rd quarter valued at about $30,000. Finally, New Covenant Trust Company N.A. acquired a new stake in General Dynamics in the 1st quarter valued at about $29,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Stock Performance

NYSE GD traded down $0.03 on Monday, reaching $281.78. The stock had a trading volume of 864,320 shares, compared to its average volume of 1,110,919. General Dynamics Co. has a 12-month low of $243.87 and a 12-month high of $316.90. The stock has a market cap of $77.48 billion, a P/E ratio of 21.46, a price-to-earnings-growth ratio of 1.70 and a beta of 0.61. The business's 50-day moving average price is $300.44 and its 200 day moving average price is $296.02. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.80 and a current ratio of 1.32.

General Dynamics (NYSE:GD - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $11.67 billion for the quarter, compared to analyst estimates of $11.65 billion. General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. General Dynamics's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business earned $3.04 earnings per share. As a group, equities analysts expect that General Dynamics Co. will post 13.98 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on GD shares. Barclays upped their price target on General Dynamics from $325.00 to $330.00 and gave the company an "overweight" rating in a research report on Tuesday, October 29th. Susquehanna lifted their target price on shares of General Dynamics from $333.00 to $352.00 and gave the stock a "positive" rating in a research note on Thursday, October 17th. Sanford C. Bernstein dropped their price target on shares of General Dynamics from $343.00 to $331.00 and set a "market perform" rating for the company in a research note on Thursday, October 24th. Seaport Res Ptn lowered shares of General Dynamics from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 11th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of General Dynamics from $309.00 to $306.00 and set a "hold" rating for the company in a research note on Friday, November 1st. Seven investment 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's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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 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 sale, the director now directly owns 3,592 shares in the company, valued at approximately $1,106,515.60. The trade was a 26.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.60% of the company's stock.

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.