Dynamic Technology Lab Private Ltd Acquires 5,559 Shares of General Dynamics Co. (NYSE:GD)

Dynamic Technology Lab Private Ltd grew its holdings in General Dynamics Co. (NYSE:GD) by 56.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,494 shares of the aerospace company’s stock after acquiring an additional 5,559 shares during the period. General Dynamics accounts for 0.5% of Dynamic Technology Lab Private Ltd’s portfolio, making the stock its 17th largest holding. Dynamic Technology Lab Private Ltd’s holdings in General Dynamics were worth $4,682,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Coston McIsaac & Partners grew its holdings in General Dynamics by 22.8% during the third quarter. Coston McIsaac & Partners now owns 178 shares of the aerospace company’s stock valued at $53,000 after purchasing an additional 33 shares during the period. Global X Japan Co. Ltd. grew its stake in shares of General Dynamics by 2.3% during the 3rd quarter. Global X Japan Co. Ltd. now owns 1,482 shares of the aerospace company’s stock valued at $448,000 after acquiring an additional 33 shares during the period. Grove Bank & Trust increased its holdings in General Dynamics by 10.6% in the 3rd quarter. Grove Bank & Trust now owns 354 shares of the aerospace company’s stock worth $107,000 after acquiring an additional 34 shares in the last quarter. Trueblood Wealth Management LLC lifted its holdings in General Dynamics by 1.6% during the third quarter. Trueblood Wealth Management LLC now owns 2,223 shares of the aerospace company’s stock valued at $672,000 after purchasing an additional 34 shares in the last quarter. Finally, Modera Wealth Management LLC boosted its position in shares of General Dynamics by 0.4% in the second quarter. Modera Wealth Management LLC now owns 8,120 shares of the aerospace company’s stock worth $2,356,000 after purchasing an additional 35 shares during the period. Institutional investors own 86.14% of the company’s stock.

Insiders Place Their Bets

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the 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 sale, the director now owns 3,592 shares of the company’s stock, valued at approximately $1,106,515.60. This trade represents a 26.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on GD. Royal Bank of Canada raised their price target on General Dynamics from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Citigroup boosted their price target on General Dynamics from $331.00 to $354.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. TD Cowen upgraded shares of General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 8th. Susquehanna lifted their price target on shares of General Dynamics from $333.00 to $352.00 and gave the company a “positive” rating in a report on Thursday, October 17th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of General Dynamics from $309.00 to $306.00 and set a “hold” rating for the company in a report on Friday, November 1st. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $323.69.

General Dynamics Stock Performance

Shares of NYSE:GD opened at $281.81 on Monday. 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 $77.49 billion, a PE ratio of 21.46, a price-to-earnings-growth ratio of 1.70 and a beta of 0.61. The firm’s 50 day simple moving average is $300.44 and its 200-day simple moving average is $296.02. General Dynamics Co. has a one year low of $243.87 and a one year high of $316.90.

General Dynamics (NYSE:GD) last issued its earnings results 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 firm 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%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the firm earned $3.04 earnings per share. As a group, equities analysts predict that General Dynamics Co. will post 13.98 EPS 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.