Community Bank & Trust Waco Texas lifted its stake in General Dynamics Corporation (NYSE:GD) by 1.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,095 shares of the aerospace company’s stock after buying an additional 200 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in General Dynamics Corporation were worth $2,594,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Condor Capital Management raised its stake in shares of General Dynamics Corporation by 1.1% in the second quarter. Condor Capital Management now owns 4,169 shares of the aerospace company’s stock worth $826,000 after buying an additional 47 shares during the period. Oppenheimer & Co. Inc. raised its stake in shares of General Dynamics Corporation by 4.7% in the second quarter. Oppenheimer & Co. Inc. now owns 27,228 shares of the aerospace company’s stock worth $5,394,000 after buying an additional 1,223 shares during the period. Eagle Asset Management Inc. raised its stake in shares of General Dynamics Corporation by 5.9% in the second quarter. Eagle Asset Management Inc. now owns 1,300 shares of the aerospace company’s stock worth $257,000 after buying an additional 72 shares during the period. Bronfman E.L. Rothschild L.P. raised its stake in shares of General Dynamics Corporation by 31.4% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,958 shares of the aerospace company’s stock worth $982,000 after buying an additional 1,186 shares during the period. Finally, Mark Sheptoff Financial Planning LLC raised its stake in shares of General Dynamics Corporation by 0.3% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 7,447 shares of the aerospace company’s stock worth $1,475,000 after buying an additional 22 shares during the period. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of General Dynamics Corporation (NYSE GD) opened at 204.27 on Thursday. The company’s 50-day moving average price is $199.30 and its 200 day moving average price is $196.51. The company has a market cap of $61.24 billion, a P/E ratio of 20.18 and a beta of 0.71. General Dynamics Corporation has a 52 week low of $148.76 and a 52 week high of $205.90.

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 analysts’ consensus estimates of $2.43 by $0.02. The company had revenue of $7.68 billion for the quarter, compared to the consensus estimate of $7.76 billion. General Dynamics Corporation had a return on equity of 28.17% and a net margin of 9.63%. General Dynamics Corporation’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.30 earnings per share. Equities research analysts anticipate that General Dynamics Corporation will post $9.80 earnings per share for the current fiscal year.

The firm 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. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $3.36 dividend on an annualized basis and a yield of 1.64%. General Dynamics Corporation’s dividend payout ratio is currently 34.57%.

Several research analysts have recently commented on GD shares. ValuEngine raised General Dynamics Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $220.00 price objective on shares of General Dynamics Corporation in a research note on Friday, June 2nd. UBS AG reaffirmed a “buy” rating and issued a $225.00 price objective (up previously from $215.00) on shares of General Dynamics Corporation in a research note on Monday, June 12th. Zacks Investment Research raised General Dynamics Corporation from a “hold” rating to a “buy” rating and set a $224.00 price objective on the stock in a research note on Tuesday, June 27th. Finally, BidaskClub downgraded General Dynamics Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 27th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $206.59.

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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