Weaver C. Barksdale & Associates Inc. held its stake in General Dynamics Corporation (NYSE:GD) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,783 shares of the aerospace company’s stock at the end of the second quarter. Weaver C. Barksdale & Associates Inc.’s holdings in General Dynamics Corporation were worth $948,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Zions Bancorporation raised its stake in General Dynamics Corporation by 0.5% in the first quarter. Zions Bancorporation now owns 732 shares of the aerospace company’s stock valued at $137,000 after buying an additional 4 shares during the period. Savant Capital LLC raised its position 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 during the period. Guardian Life Insurance Co. of America raised its position 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 during the period. Aviance Capital Management LLC raised its position 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 during the period. Finally, North Star Investment Management Corp. raised its position 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 during the period. Hedge funds and other institutional investors own 86.77% of the company’s stock.

Shares of General Dynamics Corporation (NYSE GD) traded down 0.27% during mid-day trading on Monday, reaching $198.19. The company’s stock had a trading volume of 413,133 shares. The firm has a 50 day moving average price of $199.79 and a 200 day moving average price of $194.45. The firm has a market cap of $59.42 billion, a price-to-earnings ratio of 19.58 and a beta of 0.71. General Dynamics Corporation has a 52-week low of $148.76 and a 52-week high of $205.90.

General Dynamics Corporation (NYSE:GD) last announced its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.43 by $0.02. The firm had revenue of $7.68 billion during the quarter, compared to analysts’ expectations of $7.76 billion. General Dynamics Corporation had a return on equity of 28.17% and a net margin of 9.63%. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.30 EPS. On average, equities analysts predict that General Dynamics Corporation will post $9.81 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 issued a $0.84 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $3.36 annualized dividend and a yield of 1.69%. General Dynamics Corporation’s dividend payout ratio is presently 34.57%.

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GD has been the subject of a number of research analyst reports. Vetr lowered General Dynamics Corporation from a “hold” rating to a “sell” rating and set a $183.78 price target for the company. in a report on Monday, April 24th. Royal Bank Of Canada upped their price target on General Dynamics Corporation from $211.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, April 27th. Stifel Nicolaus upped their price target on General Dynamics Corporation from $173.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, April 27th. Jefferies Group LLC reiterated a “buy” rating and set a $220.00 price target (up from $200.00) on shares of General Dynamics Corporation in a report on Friday, April 28th. Finally, Barclays PLC reiterated an “overweight” rating and set a $210.00 price target (up from $200.00) on shares of General Dynamics Corporation in a report on Monday, May 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $206.59.

In other General Dynamics Corporation news, VP Christopher Marzilli sold 43,890 shares of General Dynamics Corporation stock in a transaction 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 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 Securities & Exchange Commission, which is available through this hyperlink. 6.70% of the stock is owned by 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.

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

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