Fulton Bank N.A. decreased its holdings in General Dynamics Corporation (NYSE:GD) by 30.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,271 shares of the aerospace company’s stock after selling 568 shares during the period. Fulton Bank N.A.’s holdings in General Dynamics Corporation were worth $262,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. increased its holdings in General Dynamics Corporation by 2,645.5% in the first quarter. BlackRock Inc. now owns 15,509,344 shares of the aerospace company’s stock worth $2,903,351,000 after buying an additional 14,944,453 shares during the last quarter. Janus Henderson Group PLC increased its holdings in General Dynamics Corporation by 44,941.4% in the second quarter. Janus Henderson Group PLC now owns 4,998,693 shares of the aerospace company’s stock worth $990,241,000 after buying an additional 4,987,595 shares during the last quarter. Vanguard Group Inc. increased its holdings in General Dynamics Corporation by 4.7% in the first quarter. Vanguard Group Inc. now owns 19,799,817 shares of the aerospace company’s stock worth $3,706,525,000 after buying an additional 894,177 shares during the last quarter. Janus Capital Management LLC increased its holdings in General Dynamics Corporation by 22.1% in the first quarter. Janus Capital Management LLC now owns 4,148,390 shares of the aerospace company’s stock worth $776,563,000 after buying an additional 749,793 shares during the last quarter. Finally, Capital Research Global Investors increased its holdings in General Dynamics Corporation by 4.5% in the second quarter. Capital Research Global Investors now owns 16,792,408 shares of the aerospace company’s stock worth $3,326,576,000 after buying an additional 725,896 shares during the last quarter. Institutional investors own 86.17% of the company’s stock.

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A number of equities analysts recently commented on GD shares. BidaskClub downgraded General Dynamics Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 27th. Jefferies Group LLC restated a “buy” rating and issued a $220.00 price objective on shares of General Dynamics Corporation in a report on Friday, July 7th. Berenberg Bank started coverage on General Dynamics Corporation in a report on Wednesday, July 12th. They issued a “buy” rating and a $230.00 price objective on the stock. Zacks Investment Research downgraded General Dynamics Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Cowen and Company restated a “buy” rating and issued a $210.00 price objective on shares of General Dynamics Corporation in a report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. General Dynamics Corporation currently has a consensus rating of “Hold” and a consensus target price of $210.79.

Shares of General Dynamics Corporation (NYSE GD) traded up 1.05% during midday trading on Friday, reaching $213.86. The company’s stock had a trading volume of 899,469 shares. The firm has a market cap of $64.11 billion, a price-to-earnings ratio of 21.13 and a beta of 0.72. General Dynamics Corporation has a 12 month low of $148.76 and a 12 month high of $214.81. The company has a 50-day moving average price of $206.12 and a 200-day moving average price of $199.72.

General Dynamics Corporation (NYSE:GD) last posted its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.43 by $0.02. The firm 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 business’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.30 EPS. Equities analysts expect that General Dynamics Corporation will post $9.81 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 10th. Shareholders 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 1.57%. The ex-dividend date is Thursday, October 5th. General Dynamics Corporation’s dividend payout ratio (DPR) is 34.57%.

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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