Keystone Financial Services Grows Holdings in General Dynamics Co. (NYSE:GD)

Keystone Financial Services grew its stake in General Dynamics Co. (NYSE:GD) by 8.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 2,305 shares of the aerospace company’s stock after acquiring an additional 179 shares during the period. Keystone Financial Services’ holdings in General Dynamics were worth $696,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in GD. QRG Capital Management Inc. grew its holdings in shares of General Dynamics by 1.3% in the first quarter. QRG Capital Management Inc. now owns 18,599 shares of the aerospace company’s stock valued at $5,254,000 after purchasing an additional 232 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of General Dynamics by 0.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 49,841 shares of the aerospace company’s stock valued at $14,080,000 after purchasing an additional 239 shares in the last quarter. Entropy Technologies LP grew its holdings in shares of General Dynamics by 325.8% in the first quarter. Entropy Technologies LP now owns 5,782 shares of the aerospace company’s stock valued at $1,633,000 after purchasing an additional 4,424 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of General Dynamics in the first quarter valued at approximately $361,000. Finally, William Allan Corp grew its holdings in shares of General Dynamics by 0.9% in the first quarter. William Allan Corp now owns 8,757 shares of the aerospace company’s stock valued at $2,474,000 after purchasing an additional 77 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GD has been the subject of a number of research reports. Sanford C. Bernstein dropped their price objective on shares of General Dynamics from $343.00 to $331.00 and set a “market perform” rating for the company in a report on Thursday, October 24th. Seaport Res Ptn cut shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Wells Fargo & Company boosted 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. Morgan Stanley upgraded shares of General Dynamics from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $293.00 to $345.00 in a report on Friday, August 9th. Finally, Barclays boosted their price target on shares of General Dynamics from $325.00 to $330.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Seven investment 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $323.69.

General Dynamics Stock Up 1.4 %

GD stock opened at $313.91 on Tuesday. The company has a fifty day moving average price of $301.62 and a 200 day moving average price of $295.71. General Dynamics Co. has a 12 month low of $243.52 and a 12 month high of $315.93. The company has a market cap of $86.32 billion, a price-to-earnings ratio of 23.91, a price-to-earnings-growth ratio of 1.87 and a beta of 0.61. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.32 and a quick ratio of 0.80.

General Dynamics (NYSE:GD) last released its quarterly earnings results 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 business had revenue of $11.67 billion during the quarter, compared to analysts’ expectations of $11.65 billion. During the same quarter last year, the company earned $3.04 EPS. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. Sell-side analysts expect that General Dynamics Co. will post 13.97 earnings per share for the current year.

Insiders Place Their Bets

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 owns 3,592 shares in the company, valued at approximately $1,106,515.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.52% of the stock is owned by insiders.

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.