Bar Harbor Wealth Management Acquires 57 Shares of General Dynamics Co. (NYSE:GD)

Bar Harbor Wealth Management grew its position in General Dynamics Co. (NYSE:GDGet Rating) by 6.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 937 shares of the aerospace company’s stock after buying an additional 57 shares during the period. Bar Harbor Wealth Management’s holdings in General Dynamics were worth $207,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of General Dynamics by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 20,326,396 shares of the aerospace company’s stock valued at $4,902,319,000 after buying an additional 140,760 shares during the period. BlackRock Inc. grew its holdings in shares of General Dynamics by 11.1% in the 1st quarter. BlackRock Inc. now owns 15,457,200 shares of the aerospace company’s stock valued at $3,727,966,000 after buying an additional 1,547,786 shares during the period. Invesco Ltd. grew its holdings in shares of General Dynamics by 1.3% in the 1st quarter. Invesco Ltd. now owns 3,141,914 shares of the aerospace company’s stock valued at $757,768,000 after buying an additional 39,686 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in shares of General Dynamics in the 1st quarter valued at $538,503,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of General Dynamics by 2.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,288,469 shares of the aerospace company’s stock valued at $310,753,000 after buying an additional 29,013 shares during the period. Institutional investors and hedge funds own 86.16% of the company’s stock.

General Dynamics Trading Up 0.3 %

General Dynamics stock opened at $252.29 on Thursday. The firm has a 50-day moving average of $236.04 and a 200-day moving average of $228.76. General Dynamics Co. has a one year low of $188.64 and a one year high of $254.99. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.34 and a quick ratio of 0.94. The company has a market cap of $69.27 billion, a price-to-earnings ratio of 21.01, a P/E/G ratio of 2.23 and a beta of 0.90.

General Dynamics (NYSE:GDGet Rating) last posted its quarterly earnings data on Wednesday, October 26th. The aerospace company reported $3.26 EPS for the quarter, topping analysts’ consensus estimates of $3.16 by $0.10. General Dynamics had a net margin of 8.62% and a return on equity of 18.96%. The company had revenue of $9.98 billion during the quarter, compared to the consensus estimate of $9.93 billion. During the same period in the prior year, the business posted $3.07 EPS. The company’s quarterly revenue was up 4.3% on a year-over-year basis. On average, equities analysts expect that General Dynamics Co. will post 12.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GD has been the subject of a number of research analyst reports. Cowen upped their target price on shares of General Dynamics to $260.00 in a research note on Thursday, October 27th. StockNews.com raised shares of General Dynamics from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 13th. Wolfe Research initiated coverage on shares of General Dynamics in a research note on Monday, October 10th. They issued an “outperform” rating and a $265.00 target price for the company. Royal Bank of Canada upped their target price on shares of General Dynamics from $270.00 to $275.00 in a research note on Thursday, October 27th. Finally, Wells Fargo & Company reduced their target price on shares of General Dynamics from $256.00 to $249.00 and set an “overweight” rating for the company in a research note on Wednesday, September 28th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, General Dynamics has an average rating of “Moderate Buy” and an average price target of $267.50.

General Dynamics Company Profile

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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 designs, manufactures, and sells business jets; and offers aircraft maintenance and repair, management, charter, aircraft-on-ground support and completion, staffing, and fixed-base operator services.

Further Reading

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

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