AMG National Trust Bank Trims Stake in General Dynamics Co. (NYSE:GD)

AMG National Trust Bank trimmed its stake in General Dynamics Co. (NYSE:GD - Free Report) by 41.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (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.

Several other institutional investors have also modified their holdings of the stock. MFA Wealth Advisors LLC lifted its stake in shares of General Dynamics by 241.7% during the 3rd quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company's stock worth $25,000 after acquiring an additional 58 shares during the last quarter. Hara Capital LLC bought a new stake in General Dynamics during the 3rd quarter valued at $26,000. American Capital Advisory LLC bought a new stake in General Dynamics during the 2nd quarter valued at $29,000. Lowe Wealth Advisors LLC bought a new stake in General Dynamics during the 3rd quarter valued at $30,000. Finally, New Covenant Trust Company N.A. bought a new stake in General Dynamics during the 1st quarter valued at $29,000. 86.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on General Dynamics from $317.00 to $322.00 and gave the company an "equal weight" rating in a report on Thursday, October 24th. Sanford C. Bernstein decreased their price objective on General Dynamics from $343.00 to $331.00 and set a "market perform" rating for the company in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft reduced their price target on General Dynamics from $309.00 to $306.00 and set a "hold" rating for the company in a report on Friday, November 1st. Royal Bank of Canada boosted their price objective on General Dynamics from $320.00 to $330.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Finally, Morgan Stanley upgraded General Dynamics from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $293.00 to $345.00 in a research note on Friday, August 9th. Seven 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 company's stock. According to data from MarketBeat, General Dynamics has an average rating of "Moderate Buy" and a consensus target price of $323.69.

General Dynamics Stock Down 0.3 %

General Dynamics stock traded down $0.91 during midday trading on Wednesday, reaching $280.05. The company's stock had a trading volume of 1,693,548 shares, compared to its average volume of 1,107,306. General Dynamics Co. has a fifty-two week low of $243.87 and a fifty-two week high of $316.90. The company has a quick ratio of 0.80, a current ratio of 1.32 and a debt-to-equity ratio of 0.32. The company has a market cap of $77.01 billion, a P/E ratio of 21.40, a P/E/G ratio of 1.74 and a beta of 0.61. The business has a 50-day simple moving average of $301.71 and a 200-day simple moving average of $296.28.

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

Insider Buying and Selling

In other news, Director Peter A. Wall sold 1,320 shares of the business's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $308.05, for a total transaction of $406,626.00. Following the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.60% of the company's stock.

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.