General Dynamics Corporation $GD Stock: Kestra Advisory Services LLC Increases Holdings

Key Points

• Kestra Advisory Services increased its General Dynamics stake by 4.7% in the third quarter, adding 4,104 shares to hold 90,739 shares valued at about $30.1 million. Other investors also raised holdings; institutional investors and hedge funds own 86.14% of the stock.
• General Dynamics reported quarterly EPS of $4.49, beating estimates of $4.12, and revenue of $14.57 billion, above forecasts and up 12.9% year over year.
• Analysts’ consensus rating is “Moderate Buy”, with an average price target of $408.94. Shares opened at $353.88, while one company director sold 7,440 shares in September.

Kestra Advisory Services LLC grew its position in General Dynamics Corporation (NYSE:GD - Free Report) by 4.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 90,739 shares of the aerospace company's stock after acquiring an additional 4,104 shares during the period. Kestra Advisory Services LLC's holdings in General Dynamics were worth $30,110,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of GD. Claro Advisors Inc. increased its stake in shares of General Dynamics by 15.8% in the third quarter. Claro Advisors Inc. now owns 2,179 shares of the aerospace company's stock valued at $723,000 after buying an additional 298 shares during the period. REAP Financial Group LLC lifted its stake in shares of General Dynamics by 10.3% in the third quarter. REAP Financial Group LLC now owns 674 shares of the aerospace company's stock worth $224,000 after acquiring an additional 63 shares during the period. QTR Family Wealth LLC lifted its stake in shares of General Dynamics by 5.5% in the third quarter. QTR Family Wealth LLC now owns 1,803 shares of the aerospace company's stock worth $598,000 after acquiring an additional 94 shares during the period. Platform Technology Partners acquired a new position in shares of General Dynamics in the third quarter worth approximately $297,000. Finally, Capstone Wealth Management LLC boosted its holdings in General Dynamics by 39.7% in the third quarter. Capstone Wealth Management LLC now owns 964 shares of the aerospace company's stock valued at $320,000 after acquiring an additional 274 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

General Dynamics Stock Down 0.7%

Shares of NYSE GD opened at $353.88 on Friday. The firm has a market cap of $95.63 billion, a PE ratio of 20.82, a P/E/G ratio of 1.99 and a beta of 0.30. General Dynamics Corporation has a 12-month low of $306.77 and a 12-month high of $400.00. The company's fifty day simple moving average is $349.76 and its 200 day simple moving average is $355.05. The company has a quick ratio of 0.94, a current ratio of 1.43 and a debt-to-equity ratio of 0.23.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings data on Friday, October 30th. The aerospace company reported $4.49 earnings per share for the quarter, beating the consensus estimate of $4.12 by $0.37. The firm had revenue of $14.57 billion for the quarter, compared to analyst estimates of $13.72 billion. General Dynamics had a net margin of 8.24% and a return on equity of 17.60%. The business's quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.88 earnings per share. As a group, sell-side analysts forecast that General Dynamics Corporation will post 17.29 earnings per share for the current fiscal year.

Insider Transactions at General Dynamics

In related news, Director Robert K. Steel sold 7,440 shares of General Dynamics stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $346.05, for a total transaction of $2,574,612.00. Following the transaction, the director owned 3,096 shares of the company's stock, valued at $1,071,370.80. The trade was a 70.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.40% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on GD. Robert W. Baird set a $430.00 price target on shares of General Dynamics in a report on Thursday, July 30th. Jefferies Financial Group restated a "buy" rating and issued a $455.00 price target on shares of General Dynamics in a research report on Monday, November 2nd. BNP Paribas Exane upped their price objective on shares of General Dynamics from $390.00 to $430.00 and gave the company an "outperform" rating in a research note on Thursday, July 30th. TD Cowen decreased their price objective on shares of General Dynamics from $420.00 to $380.00 and set a "buy" rating for the company in a research report on Friday, October 9th. Finally, Susquehanna lifted their target price on shares of General Dynamics from $420.00 to $455.00 and gave the stock a "positive" rating in a research note on Thursday, July 30th. Eleven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $408.94.

General Dynamics Company Profile

General Dynamics Corporation is an aerospace and defense company that develops and manufactures products and provides services for commercial, government and military customers. Its businesses span aerospace, marine systems, combat systems and defense technologies.

The company makes Gulfstream business jets and provides aircraft services. Its marine systems operations design and build submarines and surface ships, while its combat systems business produces military vehicles, weapons systems and munitions.

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