UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $201.43 Million Stock Position in General Dynamics Co. (NYSE:GD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in General Dynamics Co. (NYSE:GD) by 4.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 666,544 shares of the aerospace company’s stock after purchasing an additional 29,223 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.24% of General Dynamics worth $201,430,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. MFA Wealth Advisors LLC lifted its stake in shares of General Dynamics by 241.7% in the 3rd quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 58 shares during the last quarter. Hara Capital LLC bought a new position in shares of General Dynamics in the third quarter valued at approximately $26,000. American Capital Advisory LLC bought a new stake in shares of General Dynamics during the 2nd quarter worth $29,000. Lowe Wealth Advisors LLC acquired a new position in General Dynamics in the 3rd quarter valued at $30,000. Finally, Atlantic Edge Private Wealth Management LLC raised its holdings in General Dynamics by 120.0% in the 2nd quarter. Atlantic Edge Private Wealth Management LLC now owns 110 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 60 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

General Dynamics Stock Up 0.6 %

Shares of NYSE GD opened at $284.01 on Friday. The business has a fifty day moving average of $298.17 and a two-hundred day moving average of $295.57. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.80 and a current ratio of 1.32. General Dynamics Co. has a 52-week low of $245.01 and a 52-week high of $316.90. The stock has a market cap of $78.09 billion, a PE ratio of 21.63, a PEG ratio of 1.71 and a beta of 0.61.

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

Insiders Place Their Bets

In other news, VP Christopher J. Brady sold 5,540 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $280.91, for a total transaction of $1,556,241.40. Following the transaction, the vice president now directly owns 20,296 shares in the company, valued at approximately $5,701,349.36. This represents a 21.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Peter A. Wall sold 1,320 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $308.05, for a total transaction of $406,626.00. Following the completion of the sale, the director now directly owns 3,592 shares of the company’s stock, valued at approximately $1,106,515.60. This represents a 26.87 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.52% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on GD shares. Morgan Stanley raised General Dynamics from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $293.00 to $345.00 in a research report on Friday, August 9th. Seaport Res Ptn lowered General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Susquehanna upped their price target on General Dynamics from $333.00 to $352.00 and gave the stock a “positive” rating in a report on Thursday, October 17th. Wells Fargo & Company raised their price objective on shares of General Dynamics from $317.00 to $322.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Finally, Barclays increased their price target on shares of General Dynamics from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $323.69.

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.