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.
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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