BB&T Securities LLC boosted its holdings in shares of General Dynamics Corporation (NYSE:GD) by 26.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 82,442 shares of the aerospace company’s stock after acquiring an additional 17,481 shares during the quarter. BB&T Securities LLC’s holdings in General Dynamics Corporation were worth $16,332,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of GD. Agran Libbie increased its stake in General Dynamics Corporation by 7.4% during the first quarter. Agran Libbie now owns 1,450 shares of the aerospace company’s stock worth $271,000 after acquiring an additional 100 shares during the last quarter. Perennial Advisors LLC increased its stake in General Dynamics Corporation by 7.0% during the first quarter. Perennial Advisors LLC now owns 9,788 shares of the aerospace company’s stock worth $1,832,000 after acquiring an additional 637 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its stake in General Dynamics Corporation by 10.1% during the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 21,554 shares of the aerospace company’s stock worth $4,034,000 after acquiring an additional 1,981 shares during the last quarter. Beaumont Financial Partners LLC acquired a new stake in General Dynamics Corporation during the first quarter worth $562,000. Finally, North Star Investment Management Corp. increased its stake in General Dynamics Corporation by 0.5% during the first quarter. North Star Investment Management Corp. now owns 3,316 shares of the aerospace company’s stock worth $621,000 after acquiring an additional 16 shares during the last quarter. 86.19% of the stock is owned by institutional investors.

General Dynamics Corporation (GD) opened at 197.87 on Friday. The stock has a market capitalization of $59.32 billion, a price-to-earnings ratio of 19.55 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 company has a 50-day moving average price of $199.26 and a 200-day moving average price of $195.94.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 10th. Investors of record on Friday, October 6th will be given 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 yield of 1.70%. General Dynamics Corporation’s dividend payout ratio (DPR) is 34.57%.

Several equities research analysts have issued reports on GD shares. Jefferies Group LLC reissued a “buy” rating and set a $220.00 target price on shares of General Dynamics Corporation in a research note on Friday, July 7th. BidaskClub cut General Dynamics Corporation from a “strong-buy” rating to a “buy” rating in a research note 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 target for the company in a research report on Tuesday, June 27th. UBS AG restated a “buy” rating and set a $225.00 price target (up from $215.00) on shares of General Dynamics Corporation in a research report on Monday, June 12th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $220.00 price target on shares of General Dynamics Corporation in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company currently 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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