Intrust Bank NA grew its stake in shares of General Dynamics Corporation (NYSE:GD) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,509 shares of the aerospace company’s stock after buying an additional 51 shares during the period. Intrust Bank NA’s holdings in General Dynamics Corporation were worth $893,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ruggie Capital Group bought a new stake in shares of General Dynamics Corporation during the first quarter valued at about $119,000. Zions Bancorporation increased its position in shares of General Dynamics Corporation by 0.5% during the first quarter. Zions Bancorporation now owns 732 shares of the aerospace company’s stock valued at $137,000 after buying an additional 4 shares during the period. Global X Management Co. LLC increased its position in shares of General Dynamics Corporation by 59.8% during the first quarter. Global X Management Co. LLC now owns 759 shares of the aerospace company’s stock valued at $142,000 after buying an additional 284 shares during the period. Central Bank & Trust Co. increased its position in shares of General Dynamics Corporation by 5.7% during the second quarter. Central Bank & Trust Co. now owns 922 shares of the aerospace company’s stock valued at $183,000 after buying an additional 50 shares during the period. Finally, First Command Bank increased its position in shares of General Dynamics Corporation by 31.3% during the second quarter. First Command Bank now owns 952 shares of the aerospace company’s stock valued at $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.

Several brokerages have recently weighed in on GD. UBS AG reiterated 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. BidaskClub upgraded General Dynamics Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Jefferies Group LLC restated a “buy” rating on shares of General Dynamics Corporation in a research report on Friday, August 11th. Zacks Investment Research cut shares of General Dynamics Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Morgan Stanley began coverage on shares of General Dynamics Corporation in a research report on Tuesday, August 8th. They issued an “underweight” rating and a $185.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. General Dynamics Corporation has a consensus rating of “Buy” and an average price target of $206.59.

Shares of General Dynamics Corporation (GD) opened at 196.85 on Thursday. The stock has a market cap of $59.01 billion, a price-to-earnings ratio of 19.45 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 has a 50-day moving average price of $198.97 and a 200 day moving average price of $196.18.

General Dynamics Corporation (NYSE:GD) last released its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $7.68 billion for the quarter, compared to the consensus estimate of $7.76 billion. During the same quarter in the previous year, the company posted $2.30 EPS. The company’s revenue was down 1.3% compared to the same quarter last year. On average, analysts forecast that General Dynamics Corporation will post $9.80 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Friday, October 6th will be paid a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Thursday, October 5th. General Dynamics Corporation’s payout ratio is 34.57%.

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General Dynamics Corporation 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.

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

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