General Dynamics Co. (NYSE:GD) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC increased its holdings in General Dynamics Co. (NYSE:GD - Free Report) by 2.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 266,337 shares of the aerospace company's stock after acquiring an additional 7,239 shares during the quarter. Natixis Advisors LLC owned approximately 0.10% of General Dynamics worth $80,487,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of GD. MFA Wealth Advisors LLC raised its stake in shares of General Dynamics by 241.7% in the 3rd 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 stake in General Dynamics during the third quarter valued at approximately $26,000. American Capital Advisory LLC bought a new position in General Dynamics during the 2nd quarter worth approximately $29,000. Lowe Wealth Advisors LLC acquired a new position in shares of General Dynamics in the 3rd quarter worth approximately $30,000. Finally, New Covenant Trust Company N.A. bought a new stake in shares of General Dynamics in the 1st quarter valued at approximately $29,000. Institutional investors and hedge funds own 86.14% of the company's stock.

General Dynamics Stock Performance

GD stock opened at $287.99 on Friday. The company has a market capitalization of $79.19 billion, a P/E ratio of 21.93, a PEG 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. The company has a 50-day simple moving average of $302.45 and a 200 day simple moving average of $296.27. General Dynamics Co. has a fifty-two week low of $243.87 and a fifty-two week high of $316.90.

General Dynamics (NYSE:GD - Get Free Report) last issued 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 return on equity of 16.59% and a net margin of 7.90%. The company had revenue of $11.67 billion during the quarter, compared to analyst estimates of $11.65 billion. During the same period in the prior year, the company posted $3.04 earnings per share. The company's revenue was up 10.4% on a year-over-year basis. Sell-side analysts predict that General Dynamics Co. will post 13.98 earnings per share for the current fiscal year.

Insider Activity

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GD. Seaport Res Ptn cut General Dynamics from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 11th. Citigroup lifted their price target on shares of General Dynamics from $331.00 to $354.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of General Dynamics from $309.00 to $306.00 and set a "hold" rating on the stock in a research note on Friday, November 1st. Morgan Stanley upgraded General Dynamics from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $293.00 to $345.00 in a research note on Friday, August 9th. Finally, TD Cowen upgraded General Dynamics to a "strong-buy" rating in a research report on Tuesday, October 8th. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $323.69.

General Dynamics 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.