Sun Life Financial INC boosted its position in shares of General Dynamics Corporation (NYSE:GD) by 7,051.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,074 shares of the aerospace company’s stock after purchasing an additional 2,045 shares during the period. Sun Life Financial INC’s holdings in General Dynamics Corporation were worth $411,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Vantage Investment Advisors LLC grew its holdings in General Dynamics Corporation by 9.3% during the 2nd quarter. Vantage Investment Advisors LLC now owns 585 shares of the aerospace company’s stock valued at $116,000 after purchasing an additional 50 shares during the last quarter. Ruggie Capital Group bought a new position in General Dynamics Corporation during the 1st quarter valued at about $119,000. Captrust Financial Advisors bought a new position in General Dynamics Corporation during the 2nd quarter valued at about $129,000. Zions Bancorporation grew its holdings in General Dynamics Corporation by 0.5% during the 1st quarter. Zions Bancorporation now owns 732 shares of the aerospace company’s stock valued at $137,000 after purchasing an additional 4 shares during the last quarter. Finally, Global X Management Co. LLC grew its holdings in General Dynamics Corporation by 59.8% during the 1st quarter. Global X Management Co. LLC now owns 759 shares of the aerospace company’s stock valued at $142,000 after purchasing an additional 284 shares during the last quarter. Institutional investors own 86.17% of the company’s stock.

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General Dynamics Corporation (NYSE:GD) opened at 212.55 on Wednesday. The stock’s 50 day moving average is $203.27 and its 200-day moving average is $198.45. The company has a market capitalization of $63.72 billion, a P/E ratio of 21.00 and a beta of 0.72. General Dynamics Corporation has a 1-year low of $148.76 and a 1-year high of $214.11.

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, beating analysts’ consensus estimates of $2.43 by $0.02. The firm had revenue of $7.68 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.30 earnings per share. On average, analysts expect that General Dynamics Corporation will post $9.80 earnings per share for the current fiscal year.

The firm also recently disclosed 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. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Thursday, October 5th. General Dynamics Corporation’s dividend payout ratio (DPR) is currently 34.57%.

Several brokerages recently commented on GD. Citigroup Inc. reiterated a “neutral” rating and set a $215.00 price target (up from $210.00) on shares of General Dynamics Corporation in a report on Monday. ValuEngine downgraded shares of General Dynamics Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Deutsche Bank AG restated a “hold” rating and issued a $210.00 target price (up from $200.00) on shares of General Dynamics Corporation in a research note on Monday, October 2nd. Zacks Investment Research upgraded shares of General Dynamics Corporation from a “hold” rating to a “buy” rating and set a $230.00 target price on the stock in a research note on Monday, October 2nd. Finally, BidaskClub upgraded shares of General Dynamics Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $209.45.

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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