General Dynamics Co. (NYSE:GD) Shares Sold by Wolverine Asset Management LLC

Wolverine Asset Management LLC trimmed its position in shares of General Dynamics Co. (NYSE:GD - Free Report) by 83.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,500 shares of the aerospace company's stock after selling 7,500 shares during the period. Wolverine Asset Management LLC's holdings in General Dynamics were worth $453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in General Dynamics during the first quarter worth $361,000. Ledyard National Bank purchased a new position in General Dynamics in the 1st quarter valued at $205,000. Beacon Investment Advisory Services Inc. lifted its stake in shares of General Dynamics by 7.6% in the first quarter. Beacon Investment Advisory Services Inc. now owns 1,067 shares of the aerospace company's stock valued at $301,000 after purchasing an additional 75 shares during the period. Kingsview Wealth Management LLC raised its position in shares of General Dynamics by 87.6% during the 1st quarter. Kingsview Wealth Management LLC now owns 14,690 shares of the aerospace company's stock worth $4,150,000 after purchasing an additional 6,858 shares during the last quarter. Finally, HBK Sorce Advisory LLC lifted its stake in shares of General Dynamics by 1.1% during the 1st quarter. HBK Sorce Advisory LLC now owns 7,664 shares of the aerospace company's stock worth $2,165,000 after purchasing an additional 82 shares during the period. Institutional investors own 86.14% of the company's stock.

Insider Transactions at General Dynamics

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the company's stock in a transaction on Monday, September 16th. The shares were 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. This represents a 26.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.52% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on GD shares. Wells Fargo & Company boosted their price target on General Dynamics from $317.00 to $322.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 24th. Sanford C. Bernstein dropped their target price on General Dynamics from $343.00 to $331.00 and set a "market perform" rating on the stock in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut their price objective on General Dynamics from $309.00 to $306.00 and set a "hold" rating on the stock in a research note on Friday, November 1st. Citigroup upped their price target on General Dynamics from $331.00 to $354.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Finally, Barclays increased their target price on General Dynamics from $325.00 to $330.00 and gave the stock an "overweight" rating in a report on Tuesday, October 29th. Seven research 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 stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $323.69.

General Dynamics Trading Down 6.9 %

GD traded down $21.61 during trading on Thursday, reaching $292.42. The company had a trading volume of 1,878,100 shares, compared to its average volume of 1,096,797. General Dynamics Co. has a 52 week low of $243.87 and a 52 week high of $316.90. The business has a 50 day simple moving average of $302.64 and a 200-day simple moving average of $296.23. The stock has a market cap of $80.41 billion, a P/E ratio of 23.76, a PEG ratio of 1.89 and a beta of 0.61. The company has a quick ratio of 0.80, a current ratio of 1.32 and a debt-to-equity ratio of 0.32.

General Dynamics (NYSE:GD - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share for the quarter, missing analysts' consensus estimates of $3.48 by ($0.13). The company had revenue of $11.67 billion for the quarter, compared to the consensus estimate of $11.65 billion. General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. General Dynamics's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business earned $3.04 EPS. On average, equities analysts anticipate that General Dynamics Co. will post 13.97 EPS for the current fiscal year.

About General Dynamics

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.