MML Investors Services LLC boosted its position in General Dynamics Corporation (NYSE:GD) by 6.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,753 shares of the aerospace company’s stock after acquiring an additional 1,035 shares during the quarter. MML Investors Services LLC’s holdings in General Dynamics Corporation were worth $3,517,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vantage Investment Advisors LLC increased its stake in General Dynamics Corporation by 9.3% in the second quarter. Vantage Investment Advisors LLC now owns 585 shares of the aerospace company’s stock valued at $116,000 after acquiring an additional 50 shares during the last quarter. Ruggie Capital Group bought a new position in General Dynamics Corporation in the first quarter valued at approximately $119,000. Captrust Financial Advisors bought a new position in General Dynamics Corporation in the second quarter valued at approximately $129,000. Zions Bancorporation increased its stake in General Dynamics Corporation by 0.5% in the first quarter. Zions Bancorporation now owns 732 shares of the aerospace company’s stock valued at $137,000 after acquiring an additional 4 shares during the last quarter. Finally, Global X Management Co. LLC increased its stake in General Dynamics Corporation by 59.8% in the first quarter. Global X Management Co. LLC now owns 759 shares of the aerospace company’s stock valued at $142,000 after acquiring an additional 284 shares during the last quarter. 86.18% of the stock is currently owned by institutional investors and hedge funds.

GD has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of General Dynamics Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Deutsche Bank AG restated a “hold” rating and issued a $210.00 target price (up previously from $200.00) on shares of General Dynamics Corporation in a research report on Monday. ValuEngine upgraded shares of General Dynamics Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub lowered shares of General Dynamics Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 27th. Finally, Berenberg Bank initiated coverage on shares of General Dynamics Corporation in a research report on Wednesday, July 12th. They issued a “buy” rating and a $230.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the stock. General Dynamics Corporation has a consensus rating of “Buy” and an average price target of $209.12.

General Dynamics Corporation (NYSE:GD) opened at 211.30 on Thursday. The stock’s 50 day moving average is $201.66 and its 200-day moving average is $197.70. General Dynamics Corporation has a one year low of $148.76 and a one year high of $211.64. The firm has a market cap of $63.35 billion, a price-to-earnings ratio of 20.88 and a beta of 0.72.

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. General Dynamics Corporation had a net margin of 9.63% and a return on equity of 28.17%. The company had revenue of $7.68 billion for the quarter, compared to analyst estimates of $7.76 billion. During the same quarter last year, the firm earned $2.30 EPS. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, equities research analysts expect that General Dynamics Corporation will post $9.80 earnings per share for the current fiscal 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 issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Thursday, October 5th. General Dynamics Corporation’s dividend payout ratio is currently 34.57%.

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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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