Cabot Wealth Management Inc. raised its stake in General Dynamics Corporation (NYSE:GD) by 19.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,298 shares of the aerospace company’s stock after buying an additional 371 shares during the period. Cabot Wealth Management Inc.’s holdings in General Dynamics Corporation were worth $455,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Ruggie Capital Group acquired a new position in General Dynamics Corporation during the first quarter valued at $119,000. Zions Bancorporation increased its position in 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 period. Global X Management Co. LLC increased its position in 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 period. Central Bank & Trust Co. increased its position in 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 period. Finally, First Command Bank increased its position in 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 period. Hedge funds and other institutional investors own 86.19% of the company’s stock.

Shares of General Dynamics Corporation (NYSE GD) opened at 201.22 on Thursday. General Dynamics Corporation has a one year low of $148.76 and a one year high of $205.90. The stock has a market capitalization of $60.32 billion, a P/E ratio of 19.88 and a beta of 0.71. The company’s 50 day moving average price is $199.81 and its 200 day moving average price is $195.09.

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. General Dynamics Corporation had a return on equity of 28.17% and a net margin of 9.63%. The business had revenue of $7.68 billion during the quarter, compared to analysts’ expectations of $7.76 billion. During the same quarter last year, the company posted $2.30 earnings per share. General Dynamics Corporation’s quarterly revenue was down 1.3% on a year-over-year basis. On average, equities analysts expect that General Dynamics Corporation will post $9.81 earnings per share for the current 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 given 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 yield of 1.67%. General Dynamics Corporation’s dividend payout ratio (DPR) is presently 34.57%.

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A number of equities analysts have recently commented on GD shares. Jefferies Group LLC restated a “buy” rating and issued a $220.00 price objective on shares of General Dynamics Corporation in a report on Friday, July 7th. BidaskClub downgraded General Dynamics Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 27th. Zacks Investment Research upgraded General Dynamics Corporation from a “hold” rating to a “buy” rating and set a $224.00 price objective on the stock in a report on Tuesday, June 27th. UBS AG restated a “buy” rating and issued a $225.00 price objective (up from $215.00) on shares of General Dynamics Corporation in a report on Monday, June 12th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $220.00 price objective on shares of General Dynamics Corporation in a report on Friday, June 2nd. 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 stock. The company presently has an average rating of “Buy” and an average price target of $206.59.

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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