Edmond DE Rothschild Holding S.A. increased its position in General Dynamics Corporation (NYSE:GD) by 65.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 780 shares of the aerospace company’s stock after buying an additional 308 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in General Dynamics Corporation were worth $155,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Teachers Advisors LLC grew its stake in shares of General Dynamics Corporation by 92.8% in the 1st quarter. Teachers Advisors LLC now owns 578,526 shares of the aerospace company’s stock valued at $108,300,000 after buying an additional 278,394 shares during the period. HCR Wealth Advisors grew its stake in shares of General Dynamics Corporation by 3.3% in the 1st quarter. HCR Wealth Advisors now owns 1,228 shares of the aerospace company’s stock valued at $230,000 after buying an additional 39 shares during the period. Burney Co. grew its stake in shares of General Dynamics Corporation by 5.8% in the 1st quarter. Burney Co. now owns 25,410 shares of the aerospace company’s stock valued at $4,757,000 after buying an additional 1,404 shares during the period. Boston Advisors LLC grew its stake in shares of General Dynamics Corporation by 13.4% in the 2nd quarter. Boston Advisors LLC now owns 6,760 shares of the aerospace company’s stock valued at $1,339,000 after buying an additional 800 shares during the period. Finally, Morgan Stanley grew its stake in shares of General Dynamics Corporation by 12.2% in the 1st quarter. Morgan Stanley now owns 1,139,288 shares of the aerospace company’s stock valued at $213,274,000 after buying an additional 124,077 shares during the period. Institutional investors own 86.18% of the company’s stock.

General Dynamics Corporation (NYSE:GD) opened at 205.58 on Friday. The firm’s 50 day moving average is $199.30 and its 200 day moving average is $196.51. The company has a market cap of $61.63 billion, a PE ratio of 20.31 and a beta of 0.71. General Dynamics Corporation has a 52-week low of $148.76 and a 52-week high of $206.57.

General Dynamics Corporation (NYSE:GD) last posted its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $2.45 EPS for the quarter, beating the Zacks’ consensus estimate of $2.43 by $0.02. General Dynamics Corporation had a net margin of 9.63% and a return on equity of 28.17%. The firm had revenue of $7.68 billion for the quarter, compared to analysts’ expectations of $7.76 billion. During the same quarter in the prior year, the company posted $2.30 earnings per share. The business’s revenue for the quarter was down 1.3% on a year-over-year basis. Analysts forecast that General Dynamics Corporation will post $9.80 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 issued a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Thursday, October 5th. General Dynamics Corporation’s payout ratio is 34.57%.

GD has been the subject of several research reports. Zacks Investment Research downgraded General Dynamics Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. ValuEngine upgraded General Dynamics Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub downgraded General Dynamics Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 27th. Berenberg Bank initiated coverage on General Dynamics Corporation in a research note on Wednesday, July 12th. They issued a “buy” rating and a $230.00 target price for the company. Finally, Jefferies Group LLC restated a “buy” rating and issued a $220.00 target price on shares of General Dynamics Corporation in a research note on Friday, July 7th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company. General Dynamics Corporation has an average rating of “Buy” and a consensus target price of $206.59.

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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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