Eagle Global Advisors LLC Has $297,000 Stake in General Dynamics Corporation (GD)
Eagle Global Advisors LLC maintained its position in shares of General Dynamics Corporation (NYSE:GD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,500 shares of the aerospace company’s stock at the end of the second quarter. Eagle Global Advisors LLC’s holdings in General Dynamics Corporation were worth $297,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of GD. Teachers Advisors LLC increased its position in shares of General Dynamics Corporation by 92.8% in the first quarter. Teachers Advisors LLC now owns 578,526 shares of the aerospace company’s stock valued at $108,300,000 after buying an additional 278,394 shares during the last quarter. Korea Investment CORP increased its position in shares of General Dynamics Corporation by 128.7% in the first quarter. Korea Investment CORP now owns 255,196 shares of the aerospace company’s stock valued at $47,773,000 after buying an additional 143,590 shares during the last quarter. HCR Wealth Advisors increased its position in shares of General Dynamics Corporation by 3.3% in the first quarter. HCR Wealth Advisors now owns 1,228 shares of the aerospace company’s stock valued at $230,000 after buying an additional 39 shares during the last quarter. Nwam LLC increased its position in shares of General Dynamics Corporation by 24.3% in the first quarter. Nwam LLC now owns 1,786 shares of the aerospace company’s stock valued at $334,000 after buying an additional 349 shares during the last quarter. Finally, Boston Advisors LLC increased its position in shares of General Dynamics Corporation by 13.4% in the second quarter. Boston Advisors LLC now owns 6,760 shares of the aerospace company’s stock valued at $1,339,000 after buying an additional 800 shares during the last quarter. 86.77% of the stock is currently owned by institutional investors.
Shares of General Dynamics Corporation (NYSE GD) opened at 198.73 on Monday. The stock’s 50 day moving average is $199.79 and its 200-day moving average is $194.45. The company has a market cap of $59.58 billion, a PE ratio of 19.63 and a beta of 0.71. General Dynamics Corporation has a one year low of $148.76 and a one year high of $205.90.
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 consensus estimate of $2.43 by $0.02. The firm had revenue of $7.68 billion for the quarter, compared to analyst estimates of $7.76 billion. General Dynamics Corporation had a return on equity of 28.17% and a net margin of 9.63%. The business’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.30 earnings per share. Equities research analysts expect that General Dynamics Corporation will post $9.81 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Friday, October 6th will be paid a dividend of $0.84 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $3.36 annualized dividend and a dividend yield of 1.69%. General Dynamics Corporation’s dividend payout ratio is currently 34.57%.
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GD has been the topic of several analyst reports. Zacks Investment Research downgraded shares of General Dynamics Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. BidaskClub cut shares of General Dynamics Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 27th. ValuEngine upgraded shares of General Dynamics Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Royal Bank Of Canada lifted 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. Finally, Berenberg Bank began coverage on shares of General Dynamics Corporation in a report on Wednesday, July 12th. They issued a “buy” rating and a $230.00 price target on the stock. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $206.59.
In other news, VP Christopher Marzilli sold 43,890 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $201.37, for a total transaction of $8,838,129.30. Following the transaction, the vice president now owns 107,857 shares in the company, valued at $21,719,164.09. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 6.70% of the company’s stock.
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.
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