Loomis Sayles & Co. L P Has $57,000 Holdings in General Dynamics Co. (NYSE:GD)

Loomis Sayles & Co. L P lowered its holdings in General Dynamics Co. (NYSE:GD) by 73.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 190 shares of the aerospace company’s stock after selling 538 shares during the period. Loomis Sayles & Co. L P’s holdings in General Dynamics were worth $57,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Massachusetts Financial Services Co. MA increased its holdings in General Dynamics by 2.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,829,662 shares of the aerospace company’s stock valued at $2,366,124,000 after buying an additional 189,904 shares during the period. Ameriprise Financial Inc. lifted its stake in General Dynamics by 2.4% during the second quarter. Ameriprise Financial Inc. now owns 2,071,803 shares of the aerospace company’s stock worth $601,756,000 after purchasing an additional 47,915 shares during the period. Bank of New York Mellon Corp grew its stake in shares of General Dynamics by 1.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,606,289 shares of the aerospace company’s stock valued at $466,049,000 after purchasing an additional 23,304 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of General Dynamics by 8.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,537,149 shares of the aerospace company’s stock worth $464,526,000 after buying an additional 114,461 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in General Dynamics by 6.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,485,242 shares of the aerospace company’s stock valued at $430,928,000 after acquiring an additional 95,349 shares during the period. Institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares of General Dynamics from $309.00 to $306.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Wells Fargo & Company raised their price objective on shares of General Dynamics from $317.00 to $322.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Susquehanna boosted their target price on General Dynamics from $333.00 to $352.00 and gave the stock a “positive” rating in a report on Thursday, October 17th. Sanford C. Bernstein dropped their price target 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. Finally, TD Cowen upgraded General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 8th. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $323.69.

General Dynamics Stock Up 0.1 %

Shares of NYSE:GD opened at $282.31 on Friday. The company has a 50 day moving average of $298.62 and a 200-day moving average of $295.63. General Dynamics Co. has a one year low of $243.87 and a one year high of $316.90. The stock has a market cap of $77.63 billion, a price-to-earnings ratio of 21.50, a P/E/G ratio of 1.70 and a beta of 0.61. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.32 and a quick ratio of 0.80.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $11.65 billion. During the same quarter in the previous year, the firm posted $3.04 EPS. The business’s revenue was up 10.4% on a year-over-year basis. On average, sell-side analysts forecast that General Dynamics Co. will post 13.98 earnings per share for the current year.

Insider Buying and Selling at General Dynamics

In related news, VP Christopher J. Brady sold 5,540 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $280.91, for a total value of $1,556,241.40. Following the completion of the sale, the vice president now owns 20,296 shares in the company, valued at $5,701,349.36. This represents a 21.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Peter A. Wall sold 1,320 shares of the firm’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 sale, the director now directly owns 3,592 shares in the company, valued at $1,106,515.60. The trade was a 26.87 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.52% of the company’s stock.

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.