Sigma Planning Corp Sells 2,270 Shares of General Dynamics Co. (NYSE:GD)

Sigma Planning Corp reduced its position in General Dynamics Co. (NYSE:GD - Free Report) by 24.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,103 shares of the aerospace company's stock after selling 2,270 shares during the quarter. Sigma Planning Corp's holdings in General Dynamics were worth $2,147,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. MFA Wealth Advisors LLC lifted its holdings 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 worth $25,000 after purchasing an additional 58 shares during the period. Hara Capital LLC purchased a new stake in shares of General Dynamics in the third quarter valued at $26,000. New Covenant Trust Company N.A. bought a new position in General Dynamics during the first quarter worth about $29,000. American Capital Advisory LLC bought a new stake in General Dynamics in the 2nd quarter valued at $29,000. Finally, Lowe Wealth Advisors LLC acquired a new position in shares of General Dynamics during the 3rd quarter worth approximately $30,000. 86.14% of the stock is owned by institutional investors.

General Dynamics Trading Down 0.6 %

Shares of General Dynamics stock traded down $1.79 on Tuesday, reaching $312.12. 778,558 shares of the company were exchanged, compared to its average volume of 1,093,747. The stock has a fifty day moving average price of $301.91 and a 200-day moving average price of $295.91. The company has a current ratio of 1.32, a quick ratio of 0.80 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $85.82 billion, a price-to-earnings ratio of 23.77, a price-to-earnings-growth ratio of 1.87 and a beta of 0.61. General Dynamics Co. has a fifty-two week low of $243.52 and a fifty-two week high of $315.93.

General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $11.67 billion during the quarter, compared to the consensus estimate of $11.65 billion. General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. The business's revenue was up 10.4% on a year-over-year basis. During the same period last year, the business posted $3.04 earnings per share. On average, analysts expect that General Dynamics Co. will post 13.97 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on GD shares. TD Cowen upgraded General Dynamics to a "strong-buy" rating in a research note on Tuesday, October 8th. Barclays boosted their price target on General Dynamics from $325.00 to $330.00 and gave the company an "overweight" rating in a research note on Tuesday, October 29th. Morgan Stanley upgraded General Dynamics from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $293.00 to $345.00 in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft lowered their target price on General Dynamics from $309.00 to $306.00 and set a "hold" rating for the company in a research note on Friday, November 1st. Finally, Seaport Res Ptn cut shares of General Dynamics from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 11th. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, General Dynamics has a consensus rating of "Moderate Buy" and a consensus price target of $323.69.

Insider Buying and Selling at General Dynamics

In other news, Director Peter A. Wall sold 1,320 shares of General Dynamics 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 directly owns 3,592 shares of the company's stock, valued at $1,106,515.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.52% of the stock is owned by corporate insiders.

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.