General Dynamics Co. (NYSE:GD) Short Interest Down 5.5% in November

General Dynamics Co. (NYSE:GD) was the target of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 2,910,000 shares, a decline of 5.5% from the October 31st total of 3,080,000 shares. Based on an average trading volume of 1,260,000 shares, the short-interest ratio is presently 2.3 days. Currently, 1.1% of the company’s shares are short sold.

General Dynamics Stock Down 2.7 %

GD stock opened at $276.33 on Tuesday. The company’s 50 day moving average price is $298.17 and its 200 day moving average price is $295.58. The firm has a market capitalization of $75.98 billion, a price-to-earnings ratio of 21.05, a PEG ratio of 1.72 and a beta of 0.61. General Dynamics has a fifty-two week low of $247.36 and a fifty-two week high of $316.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.80 and a current ratio of 1.32.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). The firm had revenue of $11.67 billion during the quarter, compared to analyst estimates of $11.65 billion. General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. General Dynamics’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.04 earnings per share. On average, equities research analysts anticipate that General Dynamics will post 13.98 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on GD shares. Deutsche Bank Aktiengesellschaft lowered their target price on shares of General Dynamics from $309.00 to $306.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Morgan Stanley raised shares of General Dynamics from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $293.00 to $345.00 in a research report on Friday, August 9th. Royal Bank of Canada boosted their target price on General Dynamics from $320.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Sanford C. Bernstein lowered their price target on General Dynamics from $343.00 to $331.00 and set a “market perform” rating for the company in a research report on Thursday, October 24th. Finally, Susquehanna increased their target price on General Dynamics from $333.00 to $352.00 and gave the stock a “positive” rating in a research note on Thursday, October 17th. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $323.69.

Insider Transactions at General Dynamics

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of General Dynamics stock in a transaction on Monday, September 16th. The stock was sold at an average price of $308.05, for a total value of $406,626.00. Following the sale, the director now owns 3,592 shares in the company, valued at $1,106,515.60. The trade was a 26.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher J. Brady sold 5,540 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $280.91, for a total value of $1,556,241.40. Following the transaction, the vice president now owns 20,296 shares of the company’s stock, valued at approximately $5,701,349.36. This represents a 21.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.52% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. MFA Wealth Advisors LLC boosted its holdings in General Dynamics by 241.7% in the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 58 shares in the last quarter. Hara Capital LLC acquired a new position in shares of General Dynamics in the 3rd quarter valued at $26,000. American Capital Advisory LLC purchased a new position in shares of General Dynamics in the 2nd quarter valued at $29,000. Lowe Wealth Advisors LLC acquired a new stake in General Dynamics during the 3rd quarter worth $30,000. Finally, Atlantic Edge Private Wealth Management LLC lifted its position in General Dynamics by 120.0% in the second quarter. Atlantic Edge Private Wealth Management LLC now owns 110 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 60 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

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.