STAR Financial Bank Buys 169 Shares of General Dynamics Co. (NYSE:GD)

STAR Financial Bank increased its stake in shares of General Dynamics Co. (NYSE:GD) by 7.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,321 shares of the aerospace company’s stock after buying an additional 169 shares during the quarter. STAR Financial Bank’s holdings in General Dynamics were worth $603,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Copperwynd Financial LLC increased its holdings in General Dynamics by 3.7% during the 4th quarter. Copperwynd Financial LLC now owns 1,056 shares of the aerospace company’s stock valued at $274,000 after purchasing an additional 38 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in General Dynamics by 3.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 11,294 shares of the aerospace company’s stock valued at $2,933,000 after purchasing an additional 354 shares in the last quarter. Belpointe Asset Management LLC increased its holdings in General Dynamics by 11.4% during the 4th quarter. Belpointe Asset Management LLC now owns 1,569 shares of the aerospace company’s stock valued at $408,000 after purchasing an additional 160 shares in the last quarter. Rafferty Asset Management LLC increased its holdings in General Dynamics by 3.7% during the 4th quarter. Rafferty Asset Management LLC now owns 39,948 shares of the aerospace company’s stock valued at $10,373,000 after purchasing an additional 1,423 shares in the last quarter. Finally, NEOS Investment Management LLC increased its holdings in General Dynamics by 43.4% during the 4th quarter. NEOS Investment Management LLC now owns 3,214 shares of the aerospace company’s stock valued at $835,000 after purchasing an additional 972 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

GD has been the subject of a number of recent analyst reports. Barclays raised their price target on General Dynamics from $285.00 to $310.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Royal Bank of Canada lowered their target price on General Dynamics from $325.00 to $320.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Wells Fargo & Company lifted their target price on General Dynamics from $291.00 to $322.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Argus lifted their target price on General Dynamics from $290.00 to $310.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Finally, Susquehanna lifted their target price on General Dynamics from $301.00 to $333.00 and gave the company a “positive” rating in a research note on Friday, April 12th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, General Dynamics presently has a consensus rating of “Moderate Buy” and an average target price of $300.63.

Insiders Place Their Bets

In other General Dynamics news, CFO Kimberly A. Kuryea sold 13,344 shares of General Dynamics stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $298.16, for a total transaction of $3,978,647.04. Following the transaction, the chief financial officer now directly owns 79,255 shares in the company, valued at $23,630,670.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other General Dynamics news, CFO Kimberly A. Kuryea sold 13,344 shares of General Dynamics stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $298.16, for a total transaction of $3,978,647.04. Following the transaction, the chief financial officer now directly owns 79,255 shares in the company, valued at $23,630,670.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Phebe N. Novakovic sold 49,850 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $284.50, for a total value of $14,182,325.00. Following the completion of the sale, the chief executive officer now owns 768,977 shares in the company, valued at $218,773,956.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 118,486 shares of company stock worth $34,391,642. Corporate insiders own 1.60% of the company’s stock.

General Dynamics Trading Up 0.2 %

Shares of NYSE:GD traded up $0.46 during midday trading on Wednesday, hitting $297.78. The company had a trading volume of 100,617 shares, compared to its average volume of 1,056,665. General Dynamics Co. has a 12 month low of $208.73 and a 12 month high of $302.42. The company has a current ratio of 1.44, a quick ratio of 0.87 and a debt-to-equity ratio of 0.41. The stock has a market cap of $81.70 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 1.70 and a beta of 0.64. The firm has a fifty day simple moving average of $291.54 and a 200 day simple moving average of $272.19.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share for the quarter, missing the consensus estimate of $2.89 by ($0.01). The business had revenue of $10.73 billion for the quarter, compared to the consensus estimate of $10.26 billion. General Dynamics had a return on equity of 16.48% and a net margin of 7.85%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.64 earnings per share. On average, analysts predict that General Dynamics Co. will post 14.55 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.