General Dynamics Co. (NYSE:GD) Shares Bought by Versant Capital Management Inc

Versant Capital Management Inc grew its stake in General Dynamics Co. (NYSE:GD - Free Report) by 554.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,670 shares of the aerospace company's stock after acquiring an additional 1,415 shares during the quarter. Versant Capital Management Inc's holdings in General Dynamics were worth $455,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of GD. Financial Life Planners bought a new stake in General Dynamics during the 4th quarter valued at about $25,000. Whipplewood Advisors LLC purchased a new position in General Dynamics in the 4th quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC bought a new position in General Dynamics in the 4th quarter valued at approximately $26,000. Copia Wealth Management bought a new position in General Dynamics in the 4th quarter valued at approximately $27,000. Finally, Heck Capital Advisors LLC purchased a new position in shares of General Dynamics in the fourth quarter worth $28,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at General Dynamics

In related news, SVP Marguerite Amy Gilliland sold 27,562 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $272.11, for a total value of $7,499,895.82. Following the completion of the transaction, the senior vice president now owns 45,192 shares of the company's stock, valued at approximately $12,297,195.12. This represents a 37.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.50% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on GD shares. Cowen reiterated a "buy" rating on shares of General Dynamics in a report on Thursday, April 24th. BTIG Research lowered General Dynamics from a "buy" rating to a "neutral" rating in a report on Thursday, February 13th. Argus set a $295.00 price target on shares of General Dynamics in a research report on Tuesday, May 6th. Wells Fargo & Company dropped their price target on shares of General Dynamics from $261.00 to $236.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Finally, UBS Group upped their price objective on General Dynamics from $268.00 to $279.00 and gave the stock a "neutral" rating in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $293.00.

General Dynamics Stock Up 0.3%

Shares of NYSE:GD traded up $0.74 during trading hours on Wednesday, hitting $276.78. The company's stock had a trading volume of 212,670 shares, compared to its average volume of 1,375,917. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.37 and a quick ratio of 0.82. The company has a market capitalization of $74.29 billion, a price-to-earnings ratio of 20.29, a P/E/G ratio of 1.69 and a beta of 0.49. The firm's fifty day moving average price is $272.49 and its 200 day moving average price is $266.77. General Dynamics Co. has a 52 week low of $239.20 and a 52 week high of $316.90.

General Dynamics (NYSE:GD - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 EPS for the quarter, beating analysts' consensus estimates of $3.43 by $0.23. The company had revenue of $12.22 billion during the quarter, compared to analysts' expectations of $11.92 billion. General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. The firm's revenue was up 13.9% compared to the same quarter last year. During the same period last year, the business posted $2.88 earnings per share. As a group, research analysts expect that General Dynamics Co. will post 14.83 EPS for the current year.

General Dynamics Company Profile

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.