Stonebridge Capital Management Inc. maintained its position in General Dynamics Corporation (NYSE:GD) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,950 shares of the aerospace company’s stock at the end of the second quarter. General Dynamics Corporation makes up about 2.4% of Stonebridge Capital Management Inc.’s investment portfolio, making the stock its 14th largest position. Stonebridge Capital Management Inc.’s holdings in General Dynamics Corporation were worth $6,329,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Rothschild Asset Management Inc. raised its position in General Dynamics Corporation by 6.9% in the second quarter. Rothschild Asset Management Inc. now owns 3,238 shares of the aerospace company’s stock worth $641,000 after buying an additional 209 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its position in General Dynamics Corporation by 14.6% in the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 1,226 shares of the aerospace company’s stock worth $243,000 after buying an additional 156 shares during the last quarter. Bbva Compass Bancshares Inc. raised its position in General Dynamics Corporation by 0.8% in the second quarter. Bbva Compass Bancshares Inc. now owns 14,736 shares of the aerospace company’s stock worth $2,919,000 after buying an additional 118 shares during the last quarter. Great West Life Assurance Co. Can raised its position in General Dynamics Corporation by 35.0% in the second quarter. Great West Life Assurance Co. Can now owns 362,916 shares of the aerospace company’s stock worth $71,830,000 after buying an additional 94,004 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its position in General Dynamics Corporation by 7.1% in the second quarter. Parkside Financial Bank & Trust now owns 1,263 shares of the aerospace company’s stock worth $250,000 after buying an additional 84 shares during the last quarter. 86.77% of the stock is owned by hedge funds and other institutional investors.

Shares of General Dynamics Corporation (NYSE:GD) opened at 199.75 on Thursday. General Dynamics Corporation has a 52 week low of $148.76 and a 52 week high of $205.90. The firm’s 50-day moving average price is $199.85 and its 200 day moving average price is $194.94. The company has a market cap of $59.88 billion, a price-to-earnings ratio of 19.73 and a beta of 0.71.

General Dynamics Corporation (NYSE:GD) last released its earnings results on Wednesday, July 26th. The aerospace company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.02. The business had revenue of $7.68 billion during the quarter, compared to analysts’ expectations of $7.76 billion. General Dynamics Corporation had a net margin of 9.63% and a return on equity of 28.17%. The company’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.30 earnings per share. On average, equities research analysts forecast that General Dynamics Corporation will post $9.81 EPS for the current year.

The business also recently announced 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 is Thursday, October 5th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.68%. General Dynamics Corporation’s dividend payout ratio is currently 34.57%.

COPYRIGHT VIOLATION NOTICE: “Stonebridge Capital Management Inc. Has $6,329,000 Stake in General Dynamics Corporation (GD)” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this report can be read at https://www.thecerbatgem.com/2017/08/24/stonebridge-capital-management-inc-has-6329000-stake-in-general-dynamics-corporation-gd.html.

A number of research firms have recently commented on GD. Jefferies Group LLC reaffirmed a “buy” rating on shares of General Dynamics Corporation in a report on Friday, August 11th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $210.00 price target (up from $207.00) on shares of General Dynamics Corporation in a report on Friday, August 11th. BidaskClub raised General Dynamics Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Morgan Stanley began coverage on General Dynamics Corporation in a report on Tuesday, August 8th. They issued an “underweight” rating and a $185.00 price target for the company. Finally, Zacks Investment Research lowered General Dynamics Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $206.59.

In related news, VP Christopher Marzilli sold 43,890 shares of the company’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $201.37, for a total transaction of $8,838,129.30. Following the completion of the sale, the vice president now owns 107,857 shares of the company’s stock, valued at approximately $21,719,164.09. The sale was disclosed in a filing with the SEC, which can be accessed 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.

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

Receive News & Stock Ratings for General Dynamics Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Dynamics Corporation and related stocks with our FREE daily email newsletter.