Valeo Financial Advisors LLC Has $591,000 Stake in General Dynamics Co. (GD)

Valeo Financial Advisors LLC increased its holdings in shares of General Dynamics Co. (NYSE:GD) by 16.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,424 shares of the aerospace company’s stock after acquiring an additional 472 shares during the period. Valeo Financial Advisors LLC’s holdings in General Dynamics were worth $591,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of GD. CSat Investment Advisory L.P. purchased a new position in General Dynamics in the 2nd quarter valued at about $101,000. CX Institutional purchased a new position in General Dynamics in the 2nd quarter valued at about $107,000. James Investment Research Inc. purchased a new position in General Dynamics in the 2nd quarter valued at about $112,000. BerganKDV Wealth Management LLC purchased a new position in General Dynamics in the 2nd quarter valued at about $114,000. Finally, Fort L.P. purchased a new position in General Dynamics in the 2nd quarter valued at about $117,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

A number of research analysts recently weighed in on GD shares. Argus decreased their price target on shares of General Dynamics from $250.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, October 26th. Zacks Investment Research lowered shares of General Dynamics from a “hold” rating to a “sell” rating in a research note on Wednesday, October 10th. Robert W. Baird decreased their price target on shares of General Dynamics from $243.00 to $222.00 and set an “outperform” rating on the stock in a research note on Thursday, October 25th. Wells Fargo & Co decreased their price target on shares of General Dynamics from $250.00 to $210.00 and set an “outperform” rating on the stock in a research note on Thursday, October 25th. Finally, Credit Suisse Group decreased their price target on shares of General Dynamics from $229.00 to $216.00 and set an “outperform” rating on the stock in a research note on Thursday, October 25th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. General Dynamics currently has a consensus rating of “Hold” and a consensus price target of $231.00.

GD opened at $176.98 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.87 and a current ratio of 1.27. General Dynamics Co. has a 1-year low of $164.76 and a 1-year high of $230.00. The company has a market capitalization of $51.11 billion, a price-to-earnings ratio of 17.79, a price-to-earnings-growth ratio of 1.37 and a beta of 0.98.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, October 24th. The aerospace company reported $2.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.76 by $0.13. General Dynamics had a net margin of 9.01% and a return on equity of 27.22%. The business had revenue of $9.09 billion for the quarter, compared to analyst estimates of $9.41 billion. During the same period last year, the company posted $2.52 EPS. The business’s revenue was up 20.0% on a year-over-year basis. Sell-side analysts forecast that General Dynamics Co. will post 11.3 EPS for the current fiscal year.

In other news, insider John Patrick Casey sold 22,500 shares of the firm’s stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $193.28, for a total transaction of $4,348,800.00. Following the completion of the sale, the insider now owns 118,555 shares in the company, valued at approximately $22,914,310.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider S. Daniel Johnson sold 77,810 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $199.85, for a total transaction of $15,550,328.50. Following the sale, the insider now owns 99,333 shares of the company’s stock, valued at approximately $19,851,700.05. The disclosure for this sale can be found here. Company insiders own 6.70% of the company’s stock.

About General Dynamics

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four business groups: Aerospace; Combat Systems; Information Systems and Technology; and Marine Systems. The Aerospace group designs, develops, manufactures, service and supports business-jet aircraft; and provides aircraft services, such as maintenance, aircraft management, charter, fixed-base operational, and staffing services.

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

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