Benjamin Edwards Inc. Purchases 41,998 Shares of General Dynamics Co. (NYSE:GD)

Benjamin Edwards Inc. increased its position in shares of General Dynamics Co. (NYSE:GD) by 4,129.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 43,015 shares of the aerospace company’s stock after buying an additional 41,998 shares during the period. Benjamin Edwards Inc.’s holdings in General Dynamics were worth $13,001,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Erste Asset Management GmbH bought a new stake in General Dynamics in the 3rd quarter valued at $94,000. True Wealth Design LLC acquired a new position in shares of General Dynamics in the 3rd quarter valued at $34,000. Semmax Financial Advisors Inc. raised its stake in shares of General Dynamics by 2.1% in the 3rd quarter. Semmax Financial Advisors Inc. now owns 3,428 shares of the aerospace company’s stock valued at $1,075,000 after buying an additional 69 shares in the last quarter. Cobblestone Capital Advisors LLC NY raised its stake in shares of General Dynamics by 4.2% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 1,012 shares of the aerospace company’s stock valued at $306,000 after buying an additional 41 shares in the last quarter. Finally, L.M. Kohn & Company acquired a new position in shares of General Dynamics in the 3rd quarter valued at $201,000. 86.14% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, VP Christopher J. Brady sold 5,540 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $280.91, for a total transaction of $1,556,241.40. Following the transaction, the vice president now directly owns 20,296 shares in the company, valued at approximately $5,701,349.36. The trade was a 21.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter A. Wall sold 1,320 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $308.05, for a total transaction of $406,626.00. Following the transaction, the director now owns 3,592 shares in the company, valued at approximately $1,106,515.60. The trade was a 26.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.52% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on GD shares. 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. Barclays increased their price objective 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. Wells Fargo & Company increased their price objective 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. TD Cowen raised shares of General Dynamics to a “strong-buy” rating in a report on Tuesday, October 8th. Finally, Sanford C. Bernstein reduced their target price on shares of 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. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $323.69.

General Dynamics Price Performance

NYSE GD opened at $276.33 on Tuesday. 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 Co. has a 12-month low of $247.36 and a 12-month high of $316.90. The company has a market capitalization of $75.98 billion, a PE ratio of 21.05, a price-to-earnings-growth ratio of 1.72 and a beta of 0.61. The firm’s 50 day moving average is $298.17 and its 200-day 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $11.65 billion. During the same quarter last year, the business earned $3.04 earnings per share. General Dynamics’s revenue for the quarter was up 10.4% on a year-over-year basis. Equities research analysts anticipate that General Dynamics Co. will post 13.98 earnings per share for the current fiscal year.

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.