EULAV Asset Management continued to hold its position in shares of General Dynamics Corporation (NYSE:GD) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 68,100 shares of the aerospace company’s stock at the end of the first quarter. EULAV Asset Management’s holdings in General Dynamics Corporation were worth $12,748,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. TIAA CREF Investment Management LLC increased its position in shares of General Dynamics Corporation by 59.6% in the first quarter. TIAA CREF Investment Management LLC now owns 1,809,357 shares of the aerospace company’s stock valued at $338,712,000 after buying an additional 675,324 shares during the last quarter. ProShare Advisors LLC increased its position in shares of General Dynamics Corporation by 1,130.7% in the first quarter. ProShare Advisors LLC now owns 336,112 shares of the aerospace company’s stock valued at $62,920,000 after buying an additional 308,802 shares during the last quarter. Teachers Advisors LLC increased its position in shares of General Dynamics Corporation by 92.8% in the first 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 last quarter. Bank of New York Mellon Corp increased its position in shares of 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 valued at $524,423,000 after buying an additional 214,825 shares during the last quarter. Finally, CI Investments Inc. acquired a new position in shares of General Dynamics Corporation during the first quarter valued at $34,389,000. 86.79% of the stock is owned by institutional investors.

Shares of General Dynamics Corporation (NYSE GD) opened at 201.42 on Wednesday. The firm has a 50-day moving average price of $200.85 and a 200 day moving average price of $191.22. General Dynamics Corporation has a one year low of $142.13 and a one year high of $205.17. The stock has a market capitalization of $60.78 billion, a PE ratio of 20.20 and a beta of 0.72.

General Dynamics Corporation (NYSE:GD) last released its quarterly earnings results on Wednesday, April 26th. The aerospace company reported $2.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.32 by $0.16. General Dynamics Corporation had a return on equity of 28.22% and a net margin of 9.66%. The company had revenue of $7.44 billion during the quarter, compared to analysts’ expectations of $7.70 billion. During the same period in the previous year, the firm posted $2.08 earnings per share. The business’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities analysts expect that General Dynamics Corporation will post $9.81 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 11th. Stockholders of record on Friday, July 7th will be issued a $0.84 dividend. The ex-dividend date is Wednesday, July 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 34.60%.

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Several brokerages have recently weighed in on GD. Vetr raised General Dynamics Corporation from a “sell” rating to a “hold” rating and set a $183.78 target price for the company in a research note on Monday, March 27th. Cowen and Company reaffirmed an “outperform” rating and set a $207.00 target price on shares of General Dynamics Corporation in a research note on Monday, April 17th. Zacks Investment Research raised General Dynamics Corporation from a “hold” rating to a “buy” rating and set a $224.00 target price for the company in a research note on Tuesday, June 27th. BidaskClub downgraded General Dynamics Corporation from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Finally, Royal Bank Of Canada upped their target price on General Dynamics Corporation from $211.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, April 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the stock. General Dynamics Corporation presently has a consensus rating of “Buy” and a consensus price target of $204.72.

In other news, VP Christopher Marzilli sold 43,890 shares of General Dynamics Corporation stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $201.37, for a total value 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 $21,719,164.09. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 directly owns 7,336 shares of the company’s stock, valued at approximately $1,437,929.36. The disclosure for this sale can be found here. Insiders own 6.70% of the company’s stock.

About General Dynamics Corporation

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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