Karp Capital Management Corp decreased its position in shares of General Dynamics Corporation (NYSE:GD) by 98.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,700 shares of the aerospace company’s stock after selling 177,787 shares during the quarter. Karp Capital Management Corp’s holdings in General Dynamics Corporation were worth $535,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of GD. Tocqueville Asset Management L.P. lifted its holdings in General Dynamics Corporation by 178.1% during the 1st quarter. Tocqueville Asset Management L.P. now owns 61,687 shares of the aerospace company’s stock worth $11,548,000 after buying an additional 39,504 shares in the last quarter. Quadrant Capital Management LLC lifted its stake in shares of General Dynamics Corporation by 0.6% in the 1st quarter. Quadrant Capital Management LLC now owns 19,147 shares of the aerospace company’s stock valued at $3,584,000 after purchasing an additional 115 shares during the period. Advisor Partners LLC lifted its stake in shares of General Dynamics Corporation by 10.3% in the 1st quarter. Advisor Partners LLC now owns 4,757 shares of the aerospace company’s stock valued at $890,000 after purchasing an additional 444 shares during the period. Advisory Services Network LLC acquired a new position in shares of General Dynamics Corporation in the 1st quarter valued at $1,698,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in shares of General Dynamics Corporation by 3.8% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 41,836 shares of the aerospace company’s stock valued at $7,832,000 after purchasing an additional 1,529 shares during the period. 86.19% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently weighed in on the company. BidaskClub raised General Dynamics Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 25th. Royal Bank Of Canada reissued a “buy” rating and issued a $220.00 price target on shares of General Dynamics Corporation in a research note on Friday, June 2nd. ValuEngine raised General Dynamics Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $220.00 price objective on shares of General Dynamics Corporation in a research note on Friday, July 7th. Finally, Cowen and Company reaffirmed a “buy” rating and set a $210.00 price objective on shares of General Dynamics Corporation in a research note on Monday, July 17th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $206.59.

General Dynamics Corporation (GD) opened at 196.85 on Thursday. The company has a market cap of $59.01 billion, a PE ratio of 19.45 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’s 50-day moving average price is $198.97 and its 200-day moving average price is $196.18.

General Dynamics Corporation (NYSE:GD) last posted its earnings results on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $7.68 billion for the quarter, compared to analyst estimates of $7.76 billion. During the same quarter in the prior year, the business posted $2.30 EPS. The firm’s revenue was down 1.3% compared to the same quarter last year. Equities analysts anticipate that General Dynamics Corporation will post $9.80 earnings per share for the current year.

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

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

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