General Dynamics Co. (NYSE:GD) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC lowered its position in General Dynamics Co. (NYSE:GD - Free Report) by 29.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,199 shares of the aerospace company's stock after selling 8,004 shares during the quarter. OneDigital Investment Advisors LLC's holdings in General Dynamics were worth $5,802,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA raised its stake in shares of General Dynamics by 4.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,639,758 shares of the aerospace company's stock valued at $2,216,599,000 after acquiring an additional 293,316 shares during the period. Price T Rowe Associates Inc. MD raised its position in General Dynamics by 2.5% in the first 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 purchasing an additional 115,063 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of General Dynamics by 2.4% during the second quarter. Ameriprise Financial Inc. now owns 2,071,803 shares of the aerospace company's stock worth $601,756,000 after purchasing an additional 47,915 shares in the last quarter. Boston Partners boosted its position in shares of General Dynamics by 1.4% in the first 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 period. Finally, Bank of New York Mellon Corp grew its stake in shares of General Dynamics by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 1,606,289 shares of the aerospace company's stock valued at $466,049,000 after buying an additional 23,304 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.

General Dynamics Stock Performance

General Dynamics stock traded down $4.43 during mid-day trading on Friday, reaching $287.99. The company's stock had a trading volume of 1,997,358 shares, compared to its average volume of 1,100,860. The firm has a market cap of $79.19 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 1.90 and a beta of 0.61. General Dynamics Co. has a twelve month low of $243.87 and a twelve month high of $316.90. The business has a 50 day moving average price of $302.45 and a 200-day moving average price of $296.21. 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 issued its earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing analysts' consensus estimates of $3.48 by ($0.13). The company had revenue of $11.67 billion during the quarter, compared to analyst estimates of $11.65 billion. General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The business's revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.04 earnings per share. Sell-side analysts predict that General Dynamics Co. will post 13.97 EPS for the current fiscal year.

Insider Buying and Selling at General Dynamics

In other news, Director Peter A. Wall sold 1,320 shares of the business's stock in a transaction that occurred 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 completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.52% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the company. TD Cowen raised General Dynamics to a "strong-buy" rating in a research report on Tuesday, October 8th. Susquehanna boosted their target price on shares of General Dynamics from $333.00 to $352.00 and gave the stock a "positive" rating in a research report on Thursday, October 17th. Barclays raised 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. Wells Fargo & Company boosted their price objective on shares of General Dynamics from $317.00 to $322.00 and gave the stock an "equal weight" rating in a report on Thursday, October 24th. Finally, Seaport Res Ptn downgraded General Dynamics from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 11th. Seven investment 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 stock. Based on data from MarketBeat, General Dynamics presently has an average rating of "Moderate Buy" and a consensus target price of $323.69.

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.