Schulhoff & Co. Inc. continued to hold its position in shares of General Dynamics Corporation (NYSE:GD) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,320 shares of the aerospace company’s stock at the close of the 2nd quarter. Schulhoff & Co. Inc.’s holdings in General Dynamics Corporation were worth $459,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Buckingham Asset Management LLC grew its holdings in General Dynamics Corporation by 137.9% during the 2nd quarter. Buckingham Asset Management LLC now owns 8,630 shares of the aerospace company’s stock valued at $1,710,000 after buying an additional 5,002 shares in the last quarter. Pacer Advisors Inc. grew its holdings in General Dynamics Corporation by 8.2% during the 2nd quarter. Pacer Advisors Inc. now owns 5,399 shares of the aerospace company’s stock valued at $1,070,000 after buying an additional 410 shares in the last quarter. Utah Retirement Systems grew its holdings in General Dynamics Corporation by 6.5% during the 2nd quarter. Utah Retirement Systems now owns 47,614 shares of the aerospace company’s stock valued at $9,432,000 after buying an additional 2,900 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in General Dynamics Corporation by 17.9% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 60,711 shares of the aerospace company’s stock valued at $12,027,000 after buying an additional 9,223 shares in the last quarter. Finally, Airain ltd purchased a new stake in General Dynamics Corporation during the 2nd quarter valued at approximately $498,000. 86.19% of the stock is owned by institutional investors.

GD has been the subject of a number of research analyst reports. Jefferies Group LLC reaffirmed a “buy” rating on shares of General Dynamics Corporation in a report on Friday, August 11th. ValuEngine raised shares of General Dynamics Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. BidaskClub raised shares of General Dynamics Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research lowered shares of General Dynamics Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and set a $210.00 price objective (up from $207.00) on shares of General Dynamics Corporation in a report on Friday, August 11th. 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 company. The company has an average rating of “Buy” and an average price target of $206.59.

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General Dynamics Corporation (NYSE GD) opened at 198.27 on Friday. The stock has a market capitalization of $59.44 billion, a price-to-earnings ratio of 19.59 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 of $198.99 and a 200-day moving average of $196.26.

General Dynamics Corporation (NYSE:GD) last issued its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $2.45 EPS 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 period in the previous year, the business earned $2.30 earnings per share. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. On average, equities research analysts forecast that General Dynamics Corporation will post $9.80 earnings per share for the current year.

The company 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. This represents a $3.36 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Thursday, October 5th. General Dynamics Corporation’s payout ratio is 34.57%.

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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