ClariVest Asset Management LLC trimmed its holdings in shares of General Dynamics Corporation (NYSE:GD) by 3.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 147,536 shares of the aerospace company’s stock after selling 4,580 shares during the period. ClariVest Asset Management LLC’s holdings in General Dynamics Corporation were worth $29,227,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the business. Teachers Advisors LLC lifted its holdings in shares of General Dynamics Corporation by 92.8% in the 1st quarter. Teachers Advisors LLC now owns 578,526 shares of the aerospace company’s stock worth $108,300,000 after purchasing an additional 278,394 shares in the last quarter. HCR Wealth Advisors lifted its holdings in shares of General Dynamics Corporation by 3.3% in the 1st quarter. HCR Wealth Advisors now owns 1,228 shares of the aerospace company’s stock worth $230,000 after purchasing an additional 39 shares in the last quarter. Nwam LLC lifted its holdings in shares of General Dynamics Corporation by 24.3% in the 1st quarter. Nwam LLC now owns 1,786 shares of the aerospace company’s stock worth $334,000 after purchasing an additional 349 shares in the last quarter. Burney Co. lifted its holdings in shares of General Dynamics Corporation by 5.8% in the 1st quarter. Burney Co. now owns 25,410 shares of the aerospace company’s stock worth $4,757,000 after purchasing an additional 1,404 shares in the last quarter. Finally, Boston Advisors LLC lifted its holdings in shares of General Dynamics Corporation by 13.4% in the 2nd quarter. Boston Advisors LLC now owns 6,760 shares of the aerospace company’s stock worth $1,339,000 after purchasing an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 86.19% of the company’s stock.

A number of brokerages recently issued reports on GD. UBS Group AG reiterated a “buy” rating and issued a $225.00 target price (up from $215.00) on shares of General Dynamics Corporation in a report on Monday, June 12th. Zacks Investment Research cut General Dynamics Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. BidaskClub cut General Dynamics Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Cowen and Company reiterated a “buy” rating and issued a $210.00 target price on shares of General Dynamics Corporation in a report on Monday, July 17th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $220.00 target price on shares of General Dynamics Corporation in a report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $206.59.

Shares of General Dynamics Corporation (GD) opened at 200.00 on Tuesday. The stock has a market capitalization of $59.96 billion, a price-to-earnings ratio of 19.76 and a beta of 0.71. General Dynamics Corporation has a 12 month low of $148.76 and a 12 month high of $205.90. The stock’s 50 day moving average price is $199.75 and its 200 day moving average price is $195.67.

General Dynamics Corporation (NYSE:GD) last posted its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 firm had revenue of $7.68 billion during the quarter, compared to analysts’ expectations of $7.76 billion. During the same quarter in the previous year, the business earned $2.30 earnings per share. The company’s revenue was down 1.3% on a year-over-year basis. Analysts expect that General Dynamics Corporation will post $9.81 EPS for the current year.

The firm 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 $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Thursday, October 5th. General Dynamics Corporation’s dividend payout ratio is currently 34.57%.

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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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