Mutual of America Capital Management LLC Buys 3,073 Shares of General Dynamics Co. (NYSE:GD)

Mutual of America Capital Management LLC lifted its stake in General Dynamics Co. (NYSE:GD) by 10.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,711 shares of the aerospace company’s stock after buying an additional 3,073 shares during the period. Mutual of America Capital Management LLC’s holdings in General Dynamics were worth $9,583,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in GD. Olstein Capital Management L.P. grew its holdings in shares of General Dynamics by 36.4% during the 3rd quarter. Olstein Capital Management L.P. now owns 15,000 shares of the aerospace company’s stock worth $4,533,000 after purchasing an additional 4,000 shares in the last quarter. Oppenheimer & Co. Inc. boosted 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 buying an additional 3,363 shares in the last quarter. Lummis Asset Management LP increased its holdings in General Dynamics by 32.6% in the 3rd quarter. Lummis Asset Management LP now owns 10,368 shares of the aerospace company’s stock valued at $3,133,000 after buying an additional 2,551 shares during the period. Sumitomo Mitsui Trust Group Inc. raised 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 buying an additional 5,069 shares in the last quarter. Finally, CWC Advisors LLC. acquired a new stake in shares of General Dynamics during the 3rd quarter valued at about $771,000. 86.14% of the stock is owned by institutional investors and hedge funds.

General Dynamics Stock Down 1.5 %

Shares of General Dynamics stock opened at $287.99 on Monday. The business has a fifty day simple moving average of $302.45 and a 200 day simple moving average of $296.34. The stock has a market cap of $79.19 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 1.74 and a beta of 0.61. The company has a quick ratio of 0.80, a current ratio of 1.32 and a debt-to-equity ratio of 0.32. General Dynamics Co. has a 12 month low of $243.87 and a 12 month high of $316.90.

General Dynamics (NYSE:GD) last announced its quarterly earnings results 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 during 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 business’s revenue was up 10.4% compared to the same quarter last year. During the same period last year, the company earned $3.04 earnings per share. Research analysts predict that General Dynamics Co. will post 13.98 EPS for the current year.

Analyst Upgrades and Downgrades

GD has been the subject of several recent research reports. Morgan Stanley raised shares of General Dynamics from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $293.00 to $345.00 in a research report on Friday, August 9th. Royal Bank of Canada boosted their price target on General Dynamics from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Wells Fargo & Company increased their price objective on General Dynamics from $317.00 to $322.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Barclays increased their target price on shares of General Dynamics from $325.00 to $330.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Finally, 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. Seven research 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 company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $323.69.

Insider Buying and Selling

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $308.05, for a total value of $406,626.00. Following the completion of the sale, the director now directly owns 3,592 shares in the company, valued at $1,106,515.60. This represents a 26.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.52% of the stock is currently owned by company insiders.

About General Dynamics

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.