Bath Savings Trust Co increased its position in General Dynamics Corporation (NYSE:GD) by 11.9% during the second quarter, Holdings Channel reports. The fund owned 1,343 shares of the aerospace company’s stock after buying an additional 143 shares during the period. Bath Savings Trust Co’s holdings in General Dynamics Corporation were worth $266,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake 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 period. BlackRock Inc. increased its stake 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 period. Janus Capital Management LLC increased its stake 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 period. Geode Capital Management LLC increased its stake in General Dynamics Corporation by 5.1% in the first quarter. Geode Capital Management LLC now owns 2,920,756 shares of the aerospace company’s stock worth $546,040,000 after buying an additional 141,305 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in General Dynamics Corporation by 8.3% in the first quarter. Bank of New York Mellon Corp now owns 2,801,405 shares of the aerospace company’s stock worth $524,423,000 after buying an additional 214,825 shares during the period. Institutional investors own 87.52% of the company’s stock.

General Dynamics Corporation (NYSE GD) traded down 0.73% on Thursday, hitting $199.54. 250,306 shares of the stock traded hands. The stock has a 50-day moving average price of $200.07 and a 200 day moving average price of $193.56. General Dynamics Corporation has a 1-year low of $148.76 and a 1-year high of $205.90. The company has a market cap of $59.82 billion, a price-to-earnings ratio of 19.71 and a beta of 0.71.

General Dynamics Corporation (NYSE:GD) last issued its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.43 by $0.02. The firm had revenue of $7.68 billion for the quarter, compared to the consensus estimate of $7.76 billion. General Dynamics Corporation had a net margin of 9.63% and a return on equity of 28.17%. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.30 EPS. On average, analysts anticipate that General Dynamics Corporation will post $9.82 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Friday, October 6th will be given a $0.84 dividend. The ex-dividend date is Thursday, October 5th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.67%. General Dynamics Corporation’s dividend payout ratio (DPR) is currently 34.57%.

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GD has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of General Dynamics Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. BidaskClub downgraded shares of General Dynamics Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 27th. ValuEngine raised shares of General Dynamics Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Royal Bank Of Canada boosted their price target on shares of General Dynamics Corporation from $211.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, April 27th. Finally, Berenberg Bank initiated coverage on shares of General Dynamics Corporation in a research note on Wednesday, July 12th. They set a “buy” rating and a $230.00 price target for the company. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $206.05.

In other news, Director Lester L. Lyles sold 2,551 shares of General Dynamics Corporation stock in a transaction on Friday, May 19th. The shares were sold at an average price of $196.01, for a total value of $500,021.51. Following the completion of the sale, the director now owns 7,336 shares in the company, valued at approximately $1,437,929.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Christopher Marzilli sold 43,890 shares of General Dynamics Corporation stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $201.37, for a total transaction of $8,838,129.30. Following the completion of the sale, the vice president now owns 107,857 shares of the company’s stock, valued at approximately $21,719,164.09. The disclosure for this sale can be found here. Insiders own 6.70% of the company’s stock.

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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