Webster Bank N. A. lowered its position in General Dynamics Corporation (NYSE:GD) by 2.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,076 shares of the aerospace company’s stock after selling 382 shares during the period. Webster Bank N. A.’s holdings in General Dynamics Corporation were worth $3,383,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Zions Bancorporation boosted 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 in the last quarter. Savant Capital LLC boosted its stake in shares of General Dynamics Corporation by 0.4% in the first quarter. Savant Capital LLC now owns 1,815 shares of the aerospace company’s stock worth $340,000 after buying an additional 7 shares in the last quarter. Guardian Life Insurance Co. of America boosted its stake in shares of General Dynamics Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,104 shares of the aerospace company’s stock worth $207,000 after buying an additional 8 shares in the last quarter. Aviance Capital Management LLC boosted its stake in shares of General Dynamics Corporation by 0.3% in the first quarter. Aviance Capital Management LLC now owns 3,695 shares of the aerospace company’s stock worth $692,000 after buying an additional 10 shares in the last quarter. Finally, North Star Investment Management Corp. boosted its stake in shares of General Dynamics Corporation by 0.5% in the first quarter. North Star Investment Management Corp. now owns 3,316 shares of the aerospace company’s stock worth $621,000 after buying an additional 16 shares in the last quarter. Institutional investors own 86.77% of the company’s stock.

Shares of General Dynamics Corporation (NYSE:GD) traded up 0.6509% on Friday, reaching $199.2788. 526,601 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 firm has a market cap of $59.74 billion, a P/E ratio of 19.6877 and a beta of 0.71. The company’s 50-day moving average price is $199.74 and its 200 day moving average price is $194.33.

General Dynamics Corporation (NYSE:GD) last announced its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $2.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.43 by $0.02. General Dynamics Corporation had a net margin of 9.63% and a return on equity of 28.17%. The firm had revenue of $7.68 billion during the quarter, compared to the consensus estimate of $7.76 billion. During the same period last year, the firm earned $2.30 EPS. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, equities analysts forecast that General Dynamics Corporation will post $9.81 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Friday, October 6th will be issued a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Thursday, October 5th. General Dynamics Corporation’s payout ratio is 34.57%.

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A number of brokerages have recently issued reports on GD. UBS AG restated a “buy” rating and set a $225.00 price objective (up previously from $215.00) on shares of General Dynamics Corporation in a report on Monday, June 12th. Zacks Investment Research cut General Dynamics Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. BidaskClub cut General Dynamics Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Royal Bank Of Canada restated a “buy” rating and set a $220.00 price objective on shares of General Dynamics Corporation in a report on Friday, June 2nd. Finally, Cowen and Company restated a “buy” rating and set a $210.00 price objective on shares of General Dynamics Corporation in a report on Monday, July 17th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company’s stock. General Dynamics Corporation currently has an average rating of “Buy” and an average target price of $206.59.

In other General Dynamics Corporation news, VP Christopher Marzilli sold 43,890 shares of the firm’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $201.37, for a total value of $8,838,129.30. Following the completion of the transaction, the vice president now directly owns 107,857 shares of the company’s stock, valued at approximately $21,719,164.09. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 6.70% of the stock is owned by company insiders.

General Dynamics Corporation Company Profile

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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