First Financial Bank Trust Division boosted its position in shares of General Dynamics Corporation (NYSE:GD) by 9.0% during the second quarter, Holdings Channel reports. The fund owned 1,942 shares of the aerospace company’s stock after buying an additional 160 shares during the period. First Financial Bank Trust Division’s holdings in General Dynamics Corporation were worth $385,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GD. Confluence Investment Management LLC raised its position in shares of General Dynamics Corporation by 3.2% in the second quarter. Confluence Investment Management LLC now owns 75,344 shares of the aerospace company’s stock worth $14,926,000 after buying an additional 2,306 shares during the last quarter. Central Bank & Trust Co. raised its position in shares of General Dynamics Corporation by 5.7% in the second quarter. Central Bank & Trust Co. now owns 922 shares of the aerospace company’s stock worth $183,000 after buying an additional 50 shares during the last quarter. Family Legacy Inc. purchased a new position in shares of General Dynamics Corporation during the second quarter worth $368,000. Capital Investment Advisors LLC raised its position in shares of General Dynamics Corporation by 1.9% in the second quarter. Capital Investment Advisors LLC now owns 2,290 shares of the aerospace company’s stock worth $454,000 after buying an additional 43 shares during the last quarter. Finally, Iberiabank Corp raised its position in shares of General Dynamics Corporation by 22.8% in the second quarter. Iberiabank Corp now owns 7,652 shares of the aerospace company’s stock worth $1,516,000 after buying an additional 1,420 shares during the last quarter. Institutional investors own 86.77% of the company’s stock.

Shares of General Dynamics Corporation (NYSE GD) traded up 0.74% during mid-day trading on Wednesday, hitting $200.96. The company had a trading volume of 287,841 shares. The company has a market cap of $60.25 billion, a PE ratio of 19.85 and a beta of 0.71. General Dynamics Corporation has a 12 month low of $148.76 and a 12 month high of $205.90. The firm has a 50-day moving average of $199.76 and a 200-day moving average of $194.26.

General Dynamics Corporation (NYSE:GD) last released its earnings results on Wednesday, July 26th. The aerospace company reported $2.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.43 by $0.02. The firm had revenue of $7.68 billion during 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.30 earnings per share. On average, analysts expect that General Dynamics Corporation will post $9.82 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Investors of record on Friday, October 6th will be paid a $0.84 dividend. The ex-dividend date is Thursday, October 5th. This represents a $3.36 annualized dividend and a yield of 1.68%. General Dynamics Corporation’s payout ratio is currently 34.57%.

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A number of brokerages have weighed in on GD. Jefferies Group LLC restated a “buy” rating on shares of General Dynamics Corporation in a report on Friday, August 11th. Citigroup Inc. restated a “neutral” rating and issued a $210.00 price objective (up previously from $207.00) on shares of General Dynamics Corporation in a report on Friday, August 11th. BidaskClub upgraded General Dynamics Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Morgan Stanley began coverage on General Dynamics Corporation in a report on Tuesday, August 8th. They issued an “underweight” rating and a $185.00 price objective on the stock. Finally, Zacks Investment Research lowered General Dynamics Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. General Dynamics Corporation has an average rating of “Buy” and a consensus price target of $206.59.

In related news, VP Christopher Marzilli sold 43,890 shares of the company’s 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 transaction, the vice president now directly owns 107,857 shares in the company, valued at $21,719,164.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lester L. Lyles sold 2,551 shares of the company’s 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 transaction, the director now owns 7,336 shares of the company’s stock, valued at $1,437,929.36. The disclosure for this sale can be found here. Corporate 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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