American Century Companies Inc. cut its position in shares of General Dynamics Corporation (NYSE:GD) by 0.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,766 shares of the aerospace company’s stock after selling 26 shares during the period. American Century Companies Inc.’s holdings in General Dynamics Corporation were worth $944,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Teachers Advisors LLC increased its stake in shares of General Dynamics Corporation by 92.8% during the 1st 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 during the last quarter. HCR Wealth Advisors grew its stake in General Dynamics Corporation by 3.3% in the 1st quarter. HCR Wealth Advisors now owns 1,228 shares of the aerospace company’s stock valued at $230,000 after buying an additional 39 shares during the last quarter. Nwam LLC grew its stake in General Dynamics Corporation by 24.3% in the 1st quarter. Nwam LLC now owns 1,786 shares of the aerospace company’s stock valued at $334,000 after buying an additional 349 shares during the last quarter. Burney Co. grew its stake in General Dynamics Corporation by 5.8% in the 1st quarter. Burney Co. now owns 25,410 shares of the aerospace company’s stock valued at $4,757,000 after buying an additional 1,404 shares during the last quarter. Finally, Boston Advisors LLC grew its stake in General Dynamics Corporation by 13.4% in the 2nd quarter. Boston Advisors LLC now owns 6,760 shares of the aerospace company’s stock valued at $1,339,000 after buying an additional 800 shares during the last quarter. Institutional investors own 86.18% of the company’s stock.

General Dynamics Corporation (NYSE GD) opened at 198.27 on Monday. The firm has a 50-day moving average of $198.99 and a 200 day moving average of $196.26. General Dynamics Corporation has a 12 month low of $148.76 and a 12 month high of $205.90. The firm has a market capitalization of $59.44 billion, a PE ratio of 19.59 and a beta of 0.71.

General Dynamics Corporation (NYSE:GD) last announced its quarterly earnings data 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. The firm had revenue of $7.68 billion during the quarter, compared to analyst estimates of $7.76 billion. General Dynamics Corporation had a net margin of 9.63% and a return on equity of 28.17%. The business’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.30 EPS. Equities research analysts forecast that General Dynamics Corporation will post $9.80 earnings per share for the current year.

The company 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 1.69%. The ex-dividend date is Thursday, October 5th. General Dynamics Corporation’s payout ratio is 34.57%.

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GD has been the topic of a number of research reports. Jefferies Group LLC reiterated a “buy” rating and issued a $220.00 price target on shares of General Dynamics Corporation in a research note on Friday, July 7th. BidaskClub lowered shares of General Dynamics Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 27th. Zacks Investment Research upgraded shares of General Dynamics Corporation from a “hold” rating to a “buy” rating and set a $224.00 price target on the stock in a research note on Tuesday, June 27th. UBS AG reiterated a “buy” rating and issued a $225.00 price target (up previously from $215.00) on shares of General Dynamics Corporation in a research note on Monday, June 12th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $220.00 price target on shares of General Dynamics Corporation in a research note on Friday, June 2nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $206.59.

General Dynamics Corporation Company 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.

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

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