4,104 General Dynamics Corporation $GD Shares Bought by Kestra Advisory Services LLC

Kestra Advisory Services LLC increased its stake in General Dynamics Corporation (NYSE:GD) by 4.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 90,739 shares of the aerospace company’s stock after buying an additional 4,104 shares during the period. Kestra Advisory Services LLC’s holdings in General Dynamics were worth $30,110,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Oxford Financial Group LTD. LLC increased its holdings in General Dynamics by 1.9% during the second quarter. Oxford Financial Group LTD. LLC now owns 1,426 shares of the aerospace company’s stock worth $505,000 after buying an additional 26 shares during the last quarter. Willner & Heller LLC boosted its stake in General Dynamics by 1.4% in the second quarter. Willner & Heller LLC now owns 2,050 shares of the aerospace company’s stock valued at $726,000 after acquiring an additional 28 shares during the last quarter. Meriwether Wealth & Planning LLC boosted its stake in General Dynamics by 0.8% in the second quarter. Meriwether Wealth & Planning LLC now owns 3,443 shares of the aerospace company’s stock valued at $1,220,000 after acquiring an additional 28 shares during the last quarter. Capital Advisors Inc. OK grew its position in shares of General Dynamics by 0.6% during the 2nd quarter. Capital Advisors Inc. OK now owns 4,551 shares of the aerospace company’s stock valued at $1,612,000 after acquiring an additional 29 shares during the period. Finally, Klingman & Associates LLC grew its position in shares of General Dynamics by 3.3% during the 1st quarter. Klingman & Associates LLC now owns 949 shares of the aerospace company’s stock valued at $326,000 after acquiring an additional 30 shares during the period. Institutional investors own 86.14% of the company’s stock.

General Dynamics Trading Down 0.7%

Shares of General Dynamics stock opened at $353.88 on Friday. The stock has a market capitalization of $95.63 billion, a P/E ratio of 20.82, a P/E/G ratio of 1.99 and a beta of 0.30. General Dynamics Corporation has a 52-week low of $306.77 and a 52-week high of $400.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 1.43. The stock’s 50-day simple moving average is $349.76 and its 200 day simple moving average is $355.05.

General Dynamics (NYSE:GD) last issued its earnings results on Friday, October 30th. The aerospace company reported $4.49 earnings per share for the quarter, topping analysts’ consensus estimates of $4.12 by $0.37. The firm had revenue of $14.57 billion during the quarter, compared to analyst estimates of $13.72 billion. General Dynamics had a net margin of 8.24% and a return on equity of 17.60%. The company’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter last year, the business earned $3.88 earnings per share. As a group, research analysts anticipate that General Dynamics Corporation will post 17.29 EPS for the current year.

Insider Activity

In related news, Director Robert K. Steel sold 7,440 shares of the company’s stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $346.05, for a total transaction of $2,574,612.00. Following the sale, the director directly owned 3,096 shares in the company, valued at approximately $1,071,370.80. This represents a 70.62% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. UBS Group raised their price target on shares of General Dynamics from $395.00 to $408.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 8th. Robert W. Baird set a $430.00 price objective on General Dynamics in a research note on Thursday, July 30th. BNP Paribas Exane increased their price objective on General Dynamics from $390.00 to $430.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Sanford C. Bernstein increased their price objective on General Dynamics from $365.00 to $386.00 and gave the company a “market perform” rating in a report on Tuesday, November 3rd. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $455.00 target price on shares of General Dynamics in a research report on Monday, November 2nd. Eleven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $408.94.

About General Dynamics

General Dynamics Corporation is an aerospace and defense company that develops and manufactures products and provides services for commercial, government and military customers. Its businesses span aerospace, marine systems, combat systems and defense technologies.

The company makes Gulfstream business jets and provides aircraft services. Its marine systems operations design and build submarines and surface ships, while its combat systems business produces military vehicles, weapons systems and munitions.