Lindbrook Capital LLC Sells 58 Shares of General Dynamics Co. (NYSE:GD)

Lindbrook Capital LLC decreased its holdings in General Dynamics Co. (NYSE:GD) by 4.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,134 shares of the aerospace company’s stock after selling 58 shares during the period. Lindbrook Capital LLC’s holdings in General Dynamics were worth $343,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. MFA Wealth Advisors LLC boosted its stake in shares of General Dynamics by 241.7% in the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after buying an additional 58 shares during the period. Hara Capital LLC bought a new stake in shares of General Dynamics during the 3rd quarter valued at $26,000. New Covenant Trust Company N.A. acquired a new stake in shares of General Dynamics during the 1st quarter worth $29,000. American Capital Advisory LLC bought a new position in shares of General Dynamics in the second quarter worth $29,000. Finally, Lowe Wealth Advisors LLC bought a new stake in General Dynamics during the third quarter worth about $30,000. Institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on GD shares. Wells Fargo & Company upped their price target 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. Citigroup boosted their target price on shares of General Dynamics from $331.00 to $354.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Morgan Stanley raised General Dynamics from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $293.00 to $345.00 in a research note on Friday, August 9th. Royal Bank of Canada raised their target price on General Dynamics from $320.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Susquehanna increased their price objective 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. Seven equities 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 company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $323.69.

Insider Buying and Selling

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $308.05, for a total transaction of $406,626.00. Following the sale, the director now directly owns 3,592 shares of the company’s stock, valued at $1,106,515.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.52% of the stock is currently owned by insiders.

General Dynamics Stock Performance

Shares of GD stock opened at $309.47 on Friday. 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 firm has a market cap of $85.09 billion, a price-to-earnings ratio of 23.57, a P/E/G ratio of 1.87 and a beta of 0.61. General Dynamics Co. has a 52 week low of $238.31 and a 52 week high of $313.11. The firm’s 50-day simple moving average is $301.62 and its two-hundred day simple moving average is $295.58.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 EPS 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 firm had revenue of $11.67 billion during the quarter, compared to analysts’ expectations of $11.65 billion. During the same quarter in the previous year, the company posted $3.04 EPS. General Dynamics’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, equities analysts forecast that General Dynamics Co. will post 13.97 earnings per share for the current 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.