Versor Investments LP Sells 1,900 Shares of General Dynamics Co. (NYSE:GD)

Versor Investments LP lessened its stake in General Dynamics Co. (NYSE:GD - Free Report) by 61.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,198 shares of the aerospace company's stock after selling 1,900 shares during the quarter. Versor Investments LP's holdings in General Dynamics were worth $362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. MFA Wealth Advisors LLC boosted its position in shares of General Dynamics by 241.7% during the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company's stock valued at $25,000 after buying an additional 58 shares during the last quarter. Hara Capital LLC bought a new stake in shares of General Dynamics in the third quarter worth approximately $26,000. New Covenant Trust Company N.A. purchased a new position in shares of General Dynamics during the first quarter valued at approximately $29,000. American Capital Advisory LLC purchased a new stake in General Dynamics in the second quarter worth approximately $29,000. Finally, Lowe Wealth Advisors LLC bought a new position in shares of General Dynamics during the 3rd quarter valued at $30,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GD. Morgan Stanley raised shares of General Dynamics from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $293.00 to $345.00 in a report on Friday, August 9th. TD Cowen raised shares of General Dynamics to a "strong-buy" rating in a report on Tuesday, October 8th. Seaport Res Ptn downgraded shares of General Dynamics from a "strong-buy" rating to a "hold" rating in a report on Friday, October 11th. Citigroup raised their target price on shares of General Dynamics from $331.00 to $354.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of General Dynamics from $309.00 to $306.00 and set a "hold" rating on the stock in a research note on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $323.69.

Insider Buying and Selling at General Dynamics

In other news, Director Peter A. Wall sold 1,320 shares of the 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 owns 3,592 shares of the company's stock, valued at approximately $1,106,515.60. This represents a 26.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.52% of the company's stock.

General Dynamics Trading Down 1.5 %

Shares of NYSE GD traded down $4.43 during trading hours on Friday, hitting $287.99. 1,997,358 shares of the company traded hands, compared to its average volume of 1,100,860. The company's 50 day moving average price is $302.45 and its 200 day moving average price is $296.21. General Dynamics Co. has a 12 month low of $243.87 and a 12 month high of $316.90. The stock has a market capitalization of $79.19 billion, a price-to-earnings ratio of 21.93, a price-to-earnings-growth ratio of 1.90 and a beta of 0.61. The company has a current ratio of 1.32, a quick ratio of 0.80 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 for the quarter, missing the consensus estimate of $3.48 by ($0.13). The firm had revenue of $11.67 billion during the quarter, compared to analysts' expectations of $11.65 billion. General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The company'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 EPS. On average, equities research analysts anticipate 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.