Sii Investments Inc. WI decreased its position in shares of General Dynamics Corporation (NYSE:GD) by 35.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,292 shares of the aerospace company’s stock after selling 1,777 shares during the period. Sii Investments Inc. WI’s holdings in General Dynamics Corporation were worth $656,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. raised its position in General Dynamics Corporation by 2,645.5% in the 1st quarter. BlackRock Inc. now owns 15,509,344 shares of the aerospace company’s stock valued at $2,903,351,000 after purchasing an additional 14,944,453 shares in the last quarter. Vanguard Group Inc. raised its position in General Dynamics Corporation by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 19,799,817 shares of the aerospace company’s stock valued at $3,706,525,000 after purchasing an additional 894,177 shares in the last quarter. Janus Capital Management LLC raised its position in 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 purchasing an additional 749,793 shares in the last quarter. Capital Research Global Investors raised its position in General Dynamics Corporation by 4.5% in the 2nd quarter. Capital Research Global Investors now owns 16,792,408 shares of the aerospace company’s stock valued at $3,326,576,000 after purchasing an additional 725,896 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its position in General Dynamics Corporation by 59.6% in the 1st quarter. TIAA CREF Investment Management LLC now owns 1,809,357 shares of the aerospace company’s stock valued at $338,712,000 after purchasing an additional 675,324 shares in the last quarter. 86.17% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have issued reports on GD shares. BidaskClub lowered General Dynamics Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 27th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $220.00 price target on shares of General Dynamics Corporation in a research report on Friday, July 7th. Berenberg Bank started coverage on General Dynamics Corporation in a research report on Wednesday, July 12th. They issued a “buy” rating and a $230.00 price target on the stock. Zacks Investment Research lowered General Dynamics Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $210.00 price target on shares of General Dynamics Corporation in a research report on Monday, July 17th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $209.45.

Shares of General Dynamics Corporation (NYSE GD) opened at 213.72 on Friday. The stock’s 50 day moving average price is $204.00 and its 200 day moving average price is $198.66. General Dynamics Corporation has a 12 month low of $148.76 and a 12 month high of $214.11. The firm has a market cap of $64.07 billion, a price-to-earnings ratio of 21.11 and a beta of 0.72.

General Dynamics Corporation (NYSE:GD) last released 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 business had revenue of $7.68 billion for the quarter, compared to analysts’ expectations of $7.76 billion. During the same quarter in the previous year, the firm posted $2.30 earnings per share. The company’s revenue was down 1.3% compared to the same quarter last year. Equities research analysts predict that General Dynamics Corporation will post $9.81 earnings per share for the current fiscal year.

The firm also recently declared 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 1.57%. The ex-dividend date is Thursday, October 5th. General Dynamics Corporation’s dividend payout ratio (DPR) is 34.57%.

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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.

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

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