Hills Bank & Trust Co. Buys 285 Shares of General Dynamics Co. (NYSE:GD)

Hills Bank & Trust Co. boosted its stake in General Dynamics Co. (NYSE:GD) by 7.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,919 shares of the aerospace company’s stock after purchasing an additional 285 shares during the quarter. Hills Bank & Trust Co.’s holdings in General Dynamics were worth $716,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. United Bank boosted its position in shares of General Dynamics by 3.9% during the 1st quarter. United Bank now owns 4,740 shares of the aerospace company’s stock valued at $802,000 after acquiring an additional 180 shares during the last quarter. First Trust Advisors LP lifted its position in General Dynamics by 6.6% in the 1st quarter. First Trust Advisors LP now owns 449,969 shares of the aerospace company’s stock worth $76,171,000 after buying an additional 27,884 shares during the last quarter. GYL Financial Synergies LLC bought a new stake in General Dynamics in the 1st quarter worth approximately $231,000. Horizon Investments LLC bought a new stake in General Dynamics in the 1st quarter worth approximately $212,000. Finally, Bath Savings Trust Co lifted its position in General Dynamics by 12.2% in the 2nd quarter. Bath Savings Trust Co now owns 1,655 shares of the aerospace company’s stock worth $301,000 after buying an additional 180 shares during the last quarter. Institutional investors and hedge funds own 86.19% of the company’s stock.

Shares of GD traded up $2.13 during mid-day trading on Friday, hitting $185.08. 1,426,248 shares of the company’s stock traded hands, compared to its average volume of 1,287,989. The company has a quick ratio of 0.74, a current ratio of 1.11 and a debt-to-equity ratio of 0.67. General Dynamics Co. has a 1 year low of $143.87 and a 1 year high of $193.76. The firm has a market capitalization of $51.87 billion, a P/E ratio of 16.21, a PEG ratio of 1.75 and a beta of 1.17. The business’s 50-day moving average price is $179.25 and its 200-day moving average price is $179.37.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, October 23rd. The aerospace company reported $3.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.06 by $0.08. General Dynamics had a return on equity of 26.79% and a net margin of 8.66%. The firm had revenue of $9.76 billion for the quarter, compared to analysts’ expectations of $9.75 billion. During the same period in the previous year, the firm earned $2.89 earnings per share. The business’s revenue was up 7.3% compared to the same quarter last year. Sell-side analysts anticipate that General Dynamics Co. will post 11.91 earnings per share for the current fiscal year.

In related news, EVP Christopher Marzilli sold 32,930 shares of General Dynamics stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $187.16, for a total transaction of $6,163,178.80. Following the sale, the executive vice president now directly owns 100,557 shares in the company, valued at $18,820,248.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 7.10% of the company’s stock.

A number of analysts recently weighed in on the company. Zacks Investment Research upgraded General Dynamics from a “hold” rating to a “buy” rating and set a $203.00 target price for the company in a research report on Monday, September 2nd. Cowen set a $202.00 target price on General Dynamics and gave the stock a “buy” rating in a research report on Friday, August 30th. Morgan Stanley dropped their target price on General Dynamics from $173.00 to $172.00 and set an “underweight” rating for the company in a research report on Thursday, October 10th. Barclays set a $215.00 target price on General Dynamics and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, Credit Suisse Group decreased their price target on General Dynamics from $197.00 to $193.00 and set a “neutral” rating on the stock in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. General Dynamics presently has an average rating of “Hold” and a consensus price target of $192.66.

About General Dynamics

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates in five segments: Aerospace, Combat Systems, Information Technology, Mission Systems, and Marine Systems. The Aerospace segment designs, manufactures, and supports business-jet aircraft; and offers business-aviation services, including maintenance, fixed-base operation, government fleet, aircraft management, charter, and staffing services, as well as integrated aviation solutions.

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

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