Captrust Financial Advisors Has $11.49 Million Stock Holdings in General Dynamics Co. (NYSE:GD)

Captrust Financial Advisors raised its stake in General Dynamics Co. (NYSE:GD) by 0.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,004 shares of the aerospace company’s stock after purchasing an additional 290 shares during the period. Captrust Financial Advisors’ holdings in General Dynamics were worth $11,485,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of GD. Tidal Investments LLC boosted its stake in General Dynamics by 7.8% in the 1st quarter. Tidal Investments LLC now owns 4,704 shares of the aerospace company’s stock valued at $1,329,000 after purchasing an additional 340 shares during the period. DNB Asset Management AS bought a new stake in shares of General Dynamics in the second quarter valued at about $265,000. Lynx Investment Advisory acquired a new position in shares of General Dynamics in the second quarter valued at about $37,000. Kingswood Wealth Advisors LLC increased its position in General Dynamics by 87.9% during the second quarter. Kingswood Wealth Advisors LLC now owns 11,560 shares of the aerospace company’s stock worth $3,354,000 after acquiring an additional 5,409 shares during the period. Finally, Park Avenue Securities LLC raised its stake in General Dynamics by 13.6% in the 2nd quarter. Park Avenue Securities LLC now owns 9,570 shares of the aerospace company’s stock worth $2,777,000 after purchasing an additional 1,149 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

General Dynamics Stock Performance

Shares of General Dynamics stock opened at $284.01 on Monday. The company’s 50 day moving average price is $298.17 and its two-hundred day moving average price is $295.58. The firm has a market capitalization of $78.09 billion, a P/E ratio of 21.63, a P/E/G ratio of 1.72 and a beta of 0.61. General Dynamics Co. has a fifty-two week low of $245.01 and a fifty-two week high of $316.90. 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 data on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share 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 for the quarter, compared to analyst estimates of $11.65 billion. During the same period last year, the business earned $3.04 EPS. The company’s revenue was up 10.4% compared to the same quarter last year. On average, equities analysts forecast that General Dynamics Co. will post 13.98 earnings per share for the current fiscal year.

Insider Activity

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 stock was sold at an average price of $308.05, for a total value of $406,626.00. Following the sale, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Christopher J. Brady sold 5,540 shares of General Dynamics stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $280.91, for a total value of $1,556,241.40. Following the completion of the transaction, the vice president now directly owns 20,296 shares in the company, valued at approximately $5,701,349.36. This represents a 21.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.52% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on GD shares. Seaport Res Ptn lowered shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. TD Cowen raised General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 8th. Sanford C. Bernstein dropped their price objective on General Dynamics from $343.00 to $331.00 and set a “market perform” rating for the company in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of General Dynamics from $309.00 to $306.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Finally, Citigroup raised their target price on shares of General Dynamics from $331.00 to $354.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $323.69.

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.