Banque Cantonale Vaudoise Trims Stock Holdings in General Dynamics Co. (NYSE:GD)

Banque Cantonale Vaudoise lessened its position in shares of General Dynamics Co. (NYSE:GD) by 63.8% during the 3rd quarter, Holdings Channel reports. The firm owned 231 shares of the aerospace company’s stock after selling 407 shares during the quarter. Banque Cantonale Vaudoise’s holdings in General Dynamics were worth $70,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Fifth Third Wealth Advisors LLC raised its position in General Dynamics by 67.6% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 8,546 shares of the aerospace company’s stock worth $2,583,000 after buying an additional 3,448 shares during the last quarter. Olstein Capital Management L.P. increased its stake in shares of General Dynamics by 36.4% in the third quarter. Olstein Capital Management L.P. now owns 15,000 shares of the aerospace company’s stock worth $4,533,000 after acquiring an additional 4,000 shares during the period. Oppenheimer & Co. Inc. raised its holdings in shares of General Dynamics by 10.0% during the third quarter. Oppenheimer & Co. Inc. now owns 37,074 shares of the aerospace company’s stock worth $11,204,000 after purchasing an additional 3,363 shares during the last quarter. Lummis Asset Management LP lifted its position in General Dynamics by 32.6% during the third quarter. Lummis Asset Management LP now owns 10,368 shares of the aerospace company’s stock valued at $3,133,000 after purchasing an additional 2,551 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in General Dynamics by 0.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 588,619 shares of the aerospace company’s stock worth $177,881,000 after purchasing an additional 5,069 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

General Dynamics Stock Up 0.7 %

Shares of GD opened at $281.81 on Friday. The stock has a 50 day moving average price of $300.44 and a 200 day moving average price of $296.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.80 and a current ratio of 1.32. The stock has a market capitalization of $77.49 billion, a price-to-earnings ratio of 21.46, a PEG ratio of 1.69 and a beta of 0.61. General Dynamics Co. has a one year low of $243.87 and a one year high of $316.90.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The business had revenue of $11.67 billion during the quarter, compared to analyst estimates of $11.65 billion. During the same quarter last year, the company earned $3.04 earnings per share. General Dynamics’s quarterly revenue was up 10.4% on a year-over-year basis. Equities research analysts forecast that General Dynamics Co. will post 13.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on GD shares. Wells Fargo & Company boosted their price objective on General Dynamics from $317.00 to $322.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. TD Cowen upgraded General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 8th. Seaport Res Ptn lowered shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Citigroup increased their price target on shares of General Dynamics from $331.00 to $354.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, Morgan Stanley upgraded shares of General Dynamics from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $293.00 to $345.00 in a research report on Friday, August 9th. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, General Dynamics has a consensus rating of “Moderate Buy” and an average price target of $323.69.

Insider Transactions at General Dynamics

In other news, Director Peter A. Wall sold 1,320 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $308.05, for a total transaction of $406,626.00. Following the transaction, the director now owns 3,592 shares of the company’s stock, valued at approximately $1,106,515.60. The trade was a 26.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.52% of the company’s stock.

About General Dynamics

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.