State of Wisconsin Investment Board grew its stake in shares of General Dynamics Corporation (NYSE:GD) by 18.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 351,953 shares of the aerospace company’s stock after purchasing an additional 55,170 shares during the quarter. State of Wisconsin Investment Board owned 0.12% of General Dynamics Corporation worth $69,722,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of GD. BlackRock Inc. lifted its stake in shares of General Dynamics Corporation by 2,645.5% during the first quarter. BlackRock Inc. now owns 15,509,344 shares of the aerospace company’s stock worth $2,903,351,000 after purchasing an additional 14,944,453 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of General Dynamics Corporation by 4.7% during the first quarter. Vanguard Group Inc. now owns 19,799,817 shares of the aerospace company’s stock worth $3,706,525,000 after purchasing an additional 894,177 shares in the last quarter. Janus Capital Management LLC lifted its stake in shares of General Dynamics Corporation by 22.1% during the first quarter. Janus Capital Management LLC now owns 4,148,390 shares of the aerospace company’s stock worth $776,563,000 after purchasing an additional 749,793 shares in the last quarter. TIAA CREF Investment Management LLC lifted its stake in shares of General Dynamics Corporation by 59.6% during the first quarter. TIAA CREF Investment Management LLC now owns 1,809,357 shares of the aerospace company’s stock worth $338,712,000 after purchasing an additional 675,324 shares in the last quarter. Finally, Teachers Advisors LLC lifted its stake in shares of General Dynamics Corporation by 92.8% during the first 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. Institutional investors own 86.19% of the company’s stock.

Shares of General Dynamics Corporation (NYSE GD) opened at 196.74 on Thursday. The firm has a market cap of $58.98 billion, a PE ratio of 19.44 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. The firm’s 50-day moving average price is $199.54 and its 200 day moving average price is $195.92.

General Dynamics Corporation (NYSE:GD) last released its earnings results 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. General Dynamics Corporation had a net margin of 9.63% and a return on equity of 28.17%. 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 earned $2.30 earnings per share. The firm’s revenue was down 1.3% on a year-over-year basis. Equities analysts anticipate 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. Investors 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 1.71%. The ex-dividend date is Thursday, October 5th. General Dynamics Corporation’s payout ratio is presently 34.57%.

GD has been the topic of a number of recent research reports. Sanford C. Bernstein restated a “mkt perform” rating on shares of General Dynamics Corporation in a research note on Wednesday, May 10th. ValuEngine upgraded General Dynamics Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Royal Bank Of Canada restated a “buy” rating and set a $220.00 price objective on shares of General Dynamics Corporation in a research note on Friday, June 2nd. UBS AG restated a “buy” rating and set a $225.00 price objective (up previously from $215.00) on shares of General Dynamics Corporation in a research note on Monday, June 12th. Finally, 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 research note on Tuesday, June 27th. 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 stock. The stock has an average rating of “Buy” and a consensus price target of $206.59.

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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.

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

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