Mutual of America Capital Management LLC Has $9.58 Million Holdings in General Dynamics Co. (NYSE:GD)

Mutual of America Capital Management LLC grew its holdings in shares of General Dynamics Co. (NYSE:GD - Free Report) by 10.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,711 shares of the aerospace company's stock after purchasing an additional 3,073 shares during the period. Mutual of America Capital Management LLC's holdings in General Dynamics were worth $9,583,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in GD. Coston McIsaac & Partners boosted its holdings in shares of General Dynamics by 22.8% in the third quarter. Coston McIsaac & Partners now owns 178 shares of the aerospace company's stock worth $53,000 after buying an additional 33 shares during the period. Global X Japan Co. Ltd. lifted its position in shares of General Dynamics by 2.3% in the third quarter. Global X Japan Co. Ltd. now owns 1,482 shares of the aerospace company's stock worth $448,000 after purchasing an additional 33 shares in the last quarter. Grove Bank & Trust lifted its position in shares of General Dynamics by 10.6% in the third quarter. Grove Bank & Trust now owns 354 shares of the aerospace company's stock worth $107,000 after purchasing an additional 34 shares in the last quarter. Trueblood Wealth Management LLC lifted its position in shares of General Dynamics by 1.6% in the third quarter. Trueblood Wealth Management LLC now owns 2,223 shares of the aerospace company's stock worth $672,000 after purchasing an additional 34 shares in the last quarter. Finally, Modera Wealth Management LLC lifted its position in shares of General Dynamics by 0.4% in the second quarter. Modera Wealth Management LLC now owns 8,120 shares of the aerospace company's stock worth $2,356,000 after purchasing an additional 35 shares in the last quarter. Institutional investors own 86.14% of the company's stock.

Wall Street Analysts Forecast Growth

GD has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of General Dynamics from $309.00 to $306.00 and set a "hold" rating for the company in a research report on Friday, November 1st. Seaport Res Ptn lowered shares of General Dynamics from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 11th. Citigroup increased their price target on shares of General Dynamics from $331.00 to $354.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. TD Cowen raised shares of General Dynamics to a "strong-buy" rating in a research report on Tuesday, October 8th. Finally, Sanford C. Bernstein cut their price objective on shares of General Dynamics from $343.00 to $331.00 and set a "market perform" rating on the stock in a research report on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $323.69.

General Dynamics Stock Down 0.7 %

NYSE:GD traded down $1.99 during trading hours on Monday, reaching $286.00. 1,286,492 shares of the stock were exchanged, compared to its average volume of 1,101,693. General Dynamics Co. has a twelve month low of $243.87 and a twelve month high of $316.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.32 and a quick ratio of 0.80. The firm has a 50 day moving average of $302.45 and a 200 day moving average of $296.34. The stock has a market cap of $78.64 billion, a PE ratio of 21.76, a PEG ratio of 1.74 and a beta of 0.61.

General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings results 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). General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The business had revenue of $11.67 billion during the quarter, compared to the consensus estimate of $11.65 billion. During the same quarter last year, the company posted $3.04 EPS. The firm's revenue was up 10.4% on a year-over-year basis. On average, equities analysts expect that General Dynamics Co. will post 13.98 earnings per share for the current year.

Insider Activity at General Dynamics

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the company's 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 transaction, the director now directly owns 3,592 shares of the company's stock, valued at $1,106,515.60. This represents a 26.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.52% of the stock is owned by company insiders.

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.