First Financial Bank Trust Division increased its position in shares of General Dynamics Corporation (NYSE:GD) by 9.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,942 shares of the aerospace company’s stock after buying an additional 160 shares during the period. First Financial Bank Trust Division’s holdings in General Dynamics Corporation were worth $385,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Ruggie Capital Group bought a new stake in shares of General Dynamics Corporation during the first quarter worth about $119,000. Pinnacle Bank bought a new stake in shares of General Dynamics Corporation during the first quarter worth about $126,000. Zions Bancorporation increased its stake in shares of General Dynamics Corporation by 0.5% in the first quarter. Zions Bancorporation now owns 732 shares of the aerospace company’s stock worth $137,000 after buying an additional 4 shares during the last quarter. Global X Management Co. LLC increased its stake in shares of General Dynamics Corporation by 59.8% in the first quarter. Global X Management Co. LLC now owns 759 shares of the aerospace company’s stock worth $142,000 after buying an additional 284 shares during the last quarter. Finally, Central Bank & Trust Co. increased its stake in shares of General Dynamics Corporation by 33.9% in the first quarter. Central Bank & Trust Co. now owns 872 shares of the aerospace company’s stock worth $164,000 after buying an additional 221 shares during the last quarter. 86.77% of the stock is currently owned by hedge funds and other institutional investors.

Shares of General Dynamics Corporation (NYSE:GD) traded up 0.74% during trading on Wednesday, reaching $200.96. 287,841 shares of the company’s stock traded hands. General Dynamics Corporation has a one year low of $148.76 and a one year high of $205.90. The company has a 50 day moving average price of $199.76 and a 200-day moving average price of $194.26. The stock has a market cap of $60.25 billion, a P/E ratio of 19.85 and a beta of 0.71.

General Dynamics Corporation (NYSE:GD) last released its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $2.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.43 by $0.02. General Dynamics Corporation had a return on equity of 28.17% and a net margin of 9.63%. The business had revenue of $7.68 billion for the quarter, compared to analyst estimates of $7.76 billion. During the same quarter in the prior year, the firm posted $2.30 EPS. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, equities research analysts expect that General Dynamics Corporation will post $9.82 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Friday, October 6th will be given a $0.84 dividend. The ex-dividend date is Thursday, October 5th. This represents a $3.36 annualized dividend and a yield of 1.68%. General Dynamics Corporation’s dividend payout ratio is presently 34.57%.

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A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of General Dynamics Corporation from a “hold” rating to a “buy” rating and set a $224.00 price target on the stock in a report on Tuesday, June 27th. BidaskClub downgraded shares of General Dynamics Corporation from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. Royal Bank Of Canada raised their price target on shares of General Dynamics Corporation from $211.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, April 27th. Morgan Stanley began coverage on shares of General Dynamics Corporation in a report on Tuesday, August 8th. They set an “underweight” rating and a $185.00 price target on the stock. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $220.00 price objective (up previously from $200.00) on shares of General Dynamics Corporation in a report on Friday, April 28th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $206.59.

In other General Dynamics Corporation news, VP Christopher Marzilli sold 43,890 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $201.37, for a total value of $8,838,129.30. Following the sale, the vice president now owns 107,857 shares in the company, valued at approximately $21,719,164.09. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Lester L. Lyles sold 2,551 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $196.01, for a total value of $500,021.51. Following the completion of the sale, the director now owns 7,336 shares in the company, valued at approximately $1,437,929.36. The disclosure for this sale can be found here. Corporate insiders own 6.70% of the company’s stock.

About General Dynamics Corporation

General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.

Institutional Ownership by Quarter for General Dynamics Corporation (NYSE:GD)

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