Edgar Lomax Co. VA trimmed its stake in General Dynamics Corporation (NYSE:GD) by 2.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 196,134 shares of the aerospace company’s stock after selling 5,100 shares during the period. General Dynamics Corporation accounts for about 2.7% of Edgar Lomax Co. VA’s investment portfolio, making the stock its 15th largest position. Edgar Lomax Co. VA owned approximately 0.07% of General Dynamics Corporation worth $38,854,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of General Dynamics Corporation by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 20,176,505 shares of the aerospace company’s stock valued at $3,996,966,000 after acquiring an additional 376,688 shares in the last quarter. BlackRock Inc. raised its stake in shares of General Dynamics Corporation by 5.3% in the 2nd quarter. BlackRock Inc. now owns 16,338,831 shares of the aerospace company’s stock valued at $3,236,720,000 after acquiring an additional 829,487 shares in the last quarter. Janus Capital Management LLC raised its stake in shares of General Dynamics Corporation by 22.1% in the 1st quarter. Janus Capital Management LLC now owns 4,148,390 shares of the aerospace company’s stock valued at $776,563,000 after acquiring an additional 749,793 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of General Dynamics Corporation by 1.9% in the 2nd quarter. Franklin Resources Inc. now owns 3,786,244 shares of the aerospace company’s stock valued at $750,055,000 after acquiring an additional 71,287 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of General Dynamics Corporation by 5.1% in the 1st quarter. Geode Capital Management LLC now owns 2,920,756 shares of the aerospace company’s stock valued at $546,040,000 after acquiring an additional 141,305 shares in the last quarter. 86.17% of the stock is currently owned by institutional investors and hedge funds.

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GD has been the topic of a number of recent analyst reports. Jefferies Group LLC reissued a “buy” rating on shares of General Dynamics Corporation in a research note on Friday, August 11th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $210.00 price target (up from $200.00) on shares of General Dynamics Corporation in a research report on Monday, October 2nd. BidaskClub raised General Dynamics Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research downgraded General Dynamics Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and issued a $210.00 price target (up from $207.00) on shares of General Dynamics Corporation in a research report on Friday, August 11th. 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. The company presently has a consensus rating of “Buy” and a consensus target price of $209.12.

Shares of General Dynamics Corporation (NYSE GD) opened at 212.60 on Monday. General Dynamics Corporation has a one year low of $148.76 and a one year high of $214.11. The stock’s 50 day moving average price is $202.45 and its 200 day moving average price is $197.96. The firm has a market cap of $63.74 billion, a price-to-earnings ratio of 21.00 and a beta of 0.72.

General Dynamics Corporation (NYSE:GD) last announced 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. The company had revenue of $7.68 billion for the quarter, compared to analyst estimates of $7.76 billion. General Dynamics Corporation had a return on equity of 28.17% and a net margin of 9.63%. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.30 earnings per share. On average, equities analysts anticipate that General Dynamics Corporation will post $9.80 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Friday, October 6th will be paid 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 dividend yield of 1.58%. General Dynamics Corporation’s dividend payout ratio (DPR) is currently 34.57%.

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.

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

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