Bradley Foster & Sargent Inc. CT Grows Stake in General Dynamics Co. (NYSE:GD)

Bradley Foster & Sargent Inc. CT lifted its position in General Dynamics Co. (NYSE:GD) by 7.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 6,758 shares of the aerospace company’s stock after purchasing an additional 495 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in General Dynamics were worth $1,454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Prospera Financial Services Inc lifted its position in General Dynamics by 7.2% during the second quarter. Prospera Financial Services Inc now owns 10,552 shares of the aerospace company’s stock valued at $2,273,000 after purchasing an additional 705 shares in the last quarter. Foster & Motley Inc. raised its holdings in General Dynamics by 0.8% during the second quarter. Foster & Motley Inc. now owns 27,492 shares of the aerospace company’s stock valued at $5,915,000 after acquiring an additional 222 shares during the period. GSB Wealth Management LLC raised its holdings in General Dynamics by 1.2% during the second quarter. GSB Wealth Management LLC now owns 7,568 shares of the aerospace company’s stock valued at $1,628,000 after acquiring an additional 88 shares during the period. Mattern Capital Management LLC raised its holdings in General Dynamics by 4.2% during the second quarter. Mattern Capital Management LLC now owns 32,469 shares of the aerospace company’s stock valued at $6,986,000 after acquiring an additional 1,306 shares during the period. Finally, Palisade Asset Management LLC raised its holdings in General Dynamics by 4.2% during the second quarter. Palisade Asset Management LLC now owns 44,754 shares of the aerospace company’s stock valued at $9,629,000 after acquiring an additional 1,811 shares during the period. 86.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Gregory S. Gallopoulos sold 33,200 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $238.37, for a total value of $7,913,884.00. Following the completion of the transaction, the vice president now owns 113,319 shares of the company’s stock, valued at $27,011,850.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.52% of the stock is currently owned by insiders.

General Dynamics Stock Down 0.8 %

Shares of NYSE:GD opened at $240.10 on Friday. General Dynamics Co. has a 1 year low of $202.35 and a 1 year high of $256.86. The business has a 50 day simple moving average of $230.01 and a two-hundred day simple moving average of $221.06. The firm has a market capitalization of $65.52 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 2.15 and a beta of 0.77. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.43 and a quick ratio of 0.91.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $3.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.87 by $0.17. The firm had revenue of $10.57 billion during the quarter, compared to analyst estimates of $10.05 billion. General Dynamics had a return on equity of 17.13% and a net margin of 7.97%. General Dynamics’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.26 earnings per share. On average, equities analysts predict that General Dynamics Co. will post 12.58 EPS for the current year.

Analyst Ratings Changes

GD has been the topic of a number of recent analyst reports. Susquehanna raised their price target on General Dynamics from $270.00 to $285.00 and gave the company a “positive” rating in a report on Thursday, October 26th. Deutsche Bank Aktiengesellschaft began coverage on General Dynamics in a report on Wednesday, September 27th. They issued a “buy” rating and a $271.00 target price on the stock. Morgan Stanley lifted their target price on General Dynamics from $248.00 to $250.00 in a report on Thursday, July 27th. Wells Fargo & Company lifted their target price on General Dynamics from $243.00 to $264.00 and gave the stock an “overweight” rating in a report on Thursday, October 26th. Finally, StockNews.com began coverage on General Dynamics in a report on Thursday, October 5th. They issued a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $263.43.

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.