Prime Capital Investment Advisors LLC Sells 2,945 Shares of General Dynamics Co. (NYSE:GD)

Prime Capital Investment Advisors LLC reduced its stake in shares of General Dynamics Co. (NYSE:GD - Free Report) by 19.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,064 shares of the aerospace company's stock after selling 2,945 shares during the period. Prime Capital Investment Advisors LLC's holdings in General Dynamics were worth $3,646,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Coston McIsaac & Partners boosted its holdings in General Dynamics by 22.8% in the third quarter. Coston McIsaac & Partners now owns 178 shares of the aerospace company's stock worth $53,000 after acquiring an additional 33 shares in the last quarter. Global X Japan Co. Ltd. increased its stake in General Dynamics by 2.3% during the 3rd quarter. Global X Japan Co. Ltd. now owns 1,482 shares of the aerospace company's stock valued at $448,000 after purchasing an additional 33 shares in the last quarter. Grove Bank & Trust grew its holdings in shares of General Dynamics by 10.6% during the third quarter. Grove Bank & Trust now owns 354 shares of the aerospace company's stock valued at $107,000 after buying an additional 34 shares during the last quarter. Trueblood Wealth Management LLC raised its stake in General Dynamics by 1.6% in the 3rd quarter. Trueblood Wealth Management LLC now owns 2,223 shares of the aerospace company's stock worth $672,000 after acquiring an additional 34 shares during the last quarter. Finally, Modera Wealth Management LLC increased its holdings in shares of General Dynamics by 0.4% in the second quarter. Modera Wealth Management LLC now owns 8,120 shares of the aerospace company's stock valued at $2,356,000 after purchasing an additional 35 shares during the period. Institutional investors own 86.14% of the company's stock.

Insider Transactions at General Dynamics

In related 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 value of $406,626.00. Following the completion of the sale, the director now owns 3,592 shares of the company's stock, valued at approximately $1,106,515.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.52% of the stock is currently owned by company insiders.

General Dynamics Trading Down 6.7 %

Shares of NYSE:GD traded down $21.15 during mid-day trading on Thursday, hitting $292.88. The stock had a trading volume of 1,353,374 shares, compared to its average volume of 1,093,907. The company's 50 day moving average is $302.64 and its 200-day moving average is $296.23. 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 Co. has a 12-month low of $243.87 and a 12-month high of $316.90. The company has a market cap of $80.53 billion, a PE ratio of 23.76, a P/E/G ratio of 1.89 and a beta of 0.61.

General Dynamics (NYSE:GD - Get Free Report) last released 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). General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The business had revenue of $11.67 billion for the quarter, compared to analysts' expectations of $11.65 billion. During the same period last year, the firm earned $3.04 EPS. The company's revenue was up 10.4% compared to the same quarter last year. On average, sell-side analysts predict that General Dynamics Co. will post 13.97 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Susquehanna increased their price target on General Dynamics from $333.00 to $352.00 and gave the stock a "positive" rating in a research report on Thursday, October 17th. TD Cowen upgraded shares of General Dynamics to a "strong-buy" rating in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft dropped their price objective on General Dynamics from $309.00 to $306.00 and set a "hold" rating on the stock in a report on Friday, November 1st. Sanford C. Bernstein dropped their price target 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. Finally, Citigroup increased their price objective on General Dynamics from $331.00 to $354.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.