Grace & White Inc. NY held its stake in shares of General Dynamics Corporation (NYSE:GD) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,000 shares of the aerospace company’s stock at the end of the second quarter. Grace & White Inc. NY’s holdings in General Dynamics Corporation were worth $3,962,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Ruggie Capital Group acquired a new position in shares of General Dynamics Corporation during the first quarter worth about $119,000. Zions Bancorporation raised its position 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 raised its position 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. Central Bank & Trust Co. raised its position 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. Finally, First Command Bank raised its position in shares of General Dynamics Corporation by 31.3% in the second quarter. First Command Bank now owns 952 shares of the aerospace company’s stock worth $189,000 after buying an additional 227 shares during the last quarter. Institutional investors and hedge funds own 86.19% of the company’s stock.

Shares of General Dynamics Corporation (GD) opened at 199.05 on Monday. The stock has a market cap of $59.67 billion, a price-to-earnings ratio of 19.67 and a beta of 0.71. The stock has a 50 day moving average price of $199.81 and a 200-day moving average price of $195.09. General Dynamics Corporation has a 12-month low of $148.76 and a 12-month high of $205.90.

General Dynamics Corporation (NYSE:GD) last posted its quarterly 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 business’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period last year, the company posted $2.30 earnings per share. Equities analysts anticipate that General Dynamics Corporation will post $9.81 EPS for the current fiscal year.

The business 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 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Thursday, October 5th. General Dynamics Corporation’s payout ratio is 34.57%.

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GD has been the subject of a number of research reports. Jefferies Group LLC reaffirmed a “buy” rating on shares of General Dynamics Corporation in a research note on Friday, August 11th. ValuEngine raised General Dynamics Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub raised General Dynamics Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research lowered General Dynamics Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $210.00 price target (up from $200.00) on shares of General Dynamics Corporation in a research note 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’s stock. General Dynamics Corporation has an average 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 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 sale, the vice president now directly owns 107,857 shares in the company, valued at $21,719,164.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company 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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