General Dynamics Co. (NYSE:GD) Shares Sold by AMG National Trust Bank

AMG National Trust Bank decreased its stake in shares of General Dynamics Co. (NYSE:GD) by 41.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,727 shares of the aerospace company’s stock after selling 1,958 shares during the period. AMG National Trust Bank’s holdings in General Dynamics were worth $824,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Olstein Capital Management L.P. raised its position in shares of General Dynamics by 36.4% in the 3rd quarter. Olstein Capital Management L.P. now owns 15,000 shares of the aerospace company’s stock worth $4,533,000 after buying an additional 4,000 shares during the period. Oppenheimer & Co. Inc. increased its stake in General Dynamics by 10.0% during the third quarter. Oppenheimer & Co. Inc. now owns 37,074 shares of the aerospace company’s stock worth $11,204,000 after acquiring an additional 3,363 shares during the last quarter. Lummis Asset Management LP raised its holdings in shares of General Dynamics by 32.6% in the 3rd quarter. Lummis Asset Management LP now owns 10,368 shares of the aerospace company’s stock worth $3,133,000 after purchasing an additional 2,551 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of General Dynamics by 0.9% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 588,619 shares of the aerospace company’s stock valued at $177,881,000 after purchasing an additional 5,069 shares in the last quarter. Finally, CWC Advisors LLC. purchased a new stake in shares of General Dynamics during the 3rd quarter worth about $771,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling

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 shares were sold at an average price of $308.05, for a total value of $406,626.00. Following the completion of the transaction, the director now owns 3,592 shares of the company’s stock, 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 SEC, which is available through this link. Insiders own 1.60% of the company’s stock.

General Dynamics Stock Performance

General Dynamics stock opened at $280.98 on Wednesday. General Dynamics Co. has a 52 week low of $243.87 and a 52 week high of $316.90. The company has a current ratio of 1.32, a quick ratio of 0.80 and a debt-to-equity ratio of 0.32. The stock has a market cap of $77.26 billion, a P/E ratio of 21.40, a price-to-earnings-growth ratio of 1.74 and a beta of 0.61. The stock has a 50 day moving average of $301.71 and a 200-day moving average of $296.28.

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

Analysts Set New Price Targets

GD has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of General Dynamics from $309.00 to $306.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. TD Cowen upgraded shares of General Dynamics to a “strong-buy” rating in a report on Tuesday, October 8th. Sanford C. Bernstein decreased their price target on shares of 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. Morgan Stanley raised General Dynamics from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $293.00 to $345.00 in a research report on Friday, August 9th. Finally, Citigroup upped their target price on General Dynamics from $331.00 to $354.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $323.69.

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.