Triangle Securities Wealth Management Trims Holdings in General Dynamics Co. (NYSE:GD)

Triangle Securities Wealth Management trimmed its position in General Dynamics Co. (NYSE:GD) by 1.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,189 shares of the aerospace company’s stock after selling 80 shares during the period. Triangle Securities Wealth Management’s holdings in General Dynamics were worth $1,017,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. First PREMIER Bank purchased a new position in General Dynamics in the 2nd quarter valued at about $28,000. KB Financial Partners LLC acquired a new position in shares of General Dynamics during the 1st quarter valued at about $38,000. Duncker Streett & Co. Inc. increased its stake in shares of General Dynamics by 769.2% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 226 shares of the aerospace company’s stock valued at $43,000 after acquiring an additional 200 shares during the last quarter. Lake Point Wealth Management acquired a new position in shares of General Dynamics during the 2nd quarter valued at about $49,000. Finally, Hexagon Capital Partners LLC increased its stake in shares of General Dynamics by 325.4% during the 2nd quarter. Hexagon Capital Partners LLC now owns 268 shares of the aerospace company’s stock valued at $50,000 after acquiring an additional 205 shares during the last quarter. Institutional investors own 85.08% of the company’s stock.

A number of analysts recently issued reports on the stock. Wells Fargo & Company raised shares of General Dynamics from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $220.00 to $230.00 in a research report on Thursday, October 28th. Zacks Investment Research raised shares of General Dynamics from a “hold” rating to a “buy” rating and set a $208.00 price objective for the company in a research report on Thursday, August 5th. Susquehanna increased their price objective on shares of General Dynamics from $225.00 to $240.00 and gave the company a “positive” rating in a research report on Thursday, October 28th. The Goldman Sachs Group raised shares of General Dynamics from a “sell” rating to a “neutral” rating and set a $176.00 price objective for the company in a research report on Thursday, September 23rd. Finally, Cowen reaffirmed a “buy” rating on shares of General Dynamics in a research report on Monday, August 9th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, General Dynamics has an average rating of “Buy” and a consensus price target of $213.91.

Shares of GD opened at $198.74 on Thursday. The firm has a market capitalization of $55.49 billion, a price-to-earnings ratio of 17.06, a price-to-earnings-growth ratio of 1.88 and a beta of 1.11. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.10 and a current ratio of 1.48. General Dynamics Co. has a one year low of $144.50 and a one year high of $210.21. The stock’s fifty day moving average is $200.79 and its 200-day moving average is $196.01.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, October 27th. The aerospace company reported $3.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.97 by $0.10. The firm had revenue of $9.57 billion for the quarter, compared to analyst estimates of $9.86 billion. General Dynamics had a return on equity of 21.32% and a net margin of 8.55%. General Dynamics’s revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.90 earnings per share. Analysts forecast that General Dynamics Co. will post 11.53 EPS for the current fiscal year.

General Dynamics Profile

General Dynamics Corp. is an aerospace and defense company, which engages in the provision of tanks, rockets, missiles, submarines, warships, fighters and electronics to all of the military services. It operates through the following segments: Aerospace, Combat Systems, Information Technology, and Marine Systems.

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Institutional Ownership by Quarter for General Dynamics (NYSE:GD)

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