Intellectus Partners LLC Makes New $695,000 Investment in General Dynamics Co. (NYSE:GD)

Intellectus Partners LLC purchased a new stake in General Dynamics Co. (NYSE:GD - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,299 shares of the aerospace company's stock, valued at approximately $695,000.

Other large investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its holdings in shares of General Dynamics by 4.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,639,758 shares of the aerospace company's stock worth $2,216,599,000 after buying an additional 293,316 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in General Dynamics by 2.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,782,612 shares of the aerospace company's stock valued at $1,351,041,000 after buying an additional 115,063 shares during the last quarter. Ameriprise Financial Inc. increased its stake in General Dynamics by 2.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,071,803 shares of the aerospace company's stock valued at $601,756,000 after buying an additional 47,915 shares during the period. Boston Partners raised its position in General Dynamics by 1.4% during the 1st quarter. Boston Partners now owns 1,680,666 shares of the aerospace company's stock worth $474,927,000 after buying an additional 23,262 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of General Dynamics by 1.5% during the second quarter. Bank of New York Mellon Corp now owns 1,606,289 shares of the aerospace company's stock worth $466,049,000 after acquiring an additional 23,304 shares during the period. Institutional investors and hedge funds own 86.14% of the company's stock.

Insider Buying and Selling

In other news, Director Peter A. Wall sold 1,320 shares of the firm's stock in a transaction on 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 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 legal filing with the SEC, which is available at this link. Corporate insiders own 1.52% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Morgan Stanley raised General Dynamics from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $293.00 to $345.00 in a report on Friday, August 9th. Susquehanna increased their price objective on General Dynamics from $333.00 to $352.00 and gave the stock a "positive" rating in a research report on Thursday, October 17th. Royal Bank of Canada boosted 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. 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 report on Tuesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of General Dynamics from $309.00 to $306.00 and set a "hold" rating on the stock in a report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $323.69.

General Dynamics Trading Down 1.5 %

NYSE GD traded down $4.43 during mid-day trading on Friday, reaching $287.99. 1,997,358 shares of the stock were exchanged, compared to its average volume of 1,100,860. The business's fifty day simple moving average is $302.45 and its 200 day simple moving average is $296.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.80 and a current ratio of 1.32. The stock has a market capitalization of $79.19 billion, a PE ratio of 21.93, a PEG ratio of 1.90 and a beta of 0.61. 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 issued its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.48 by ($0.13). The business had revenue of $11.67 billion during 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%. The firm's quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the business posted $3.04 earnings per share. On average, research analysts anticipate that General Dynamics Co. will post 13.97 earnings per share for the current fiscal year.

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.