WealthTrust Fairport LLC lessened its holdings in shares of General Dynamics Corporation (NYSE:GD) by 2.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,179 shares of the aerospace company’s stock after selling 860 shares during the quarter. General Dynamics Corporation makes up 0.9% of WealthTrust Fairport LLC’s portfolio, making the stock its 29th biggest position. WealthTrust Fairport LLC’s holdings in General Dynamics Corporation were worth $8,356,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Zions Bancorporation raised its holdings in shares of General Dynamics Corporation by 0.5% during 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 in the last quarter. Norway Savings Bank raised its holdings in shares of General Dynamics Corporation by 0.5% during the second quarter. Norway Savings Bank now owns 1,015 shares of the aerospace company’s stock valued at $201,000 after acquiring an additional 5 shares in the last quarter. Savant Capital LLC raised its holdings in shares of General Dynamics Corporation by 0.4% during the first quarter. Savant Capital LLC now owns 1,815 shares of the aerospace company’s stock valued at $340,000 after acquiring an additional 7 shares in the last quarter. Guardian Life Insurance Co. of America raised its holdings in shares of General Dynamics Corporation by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 1,104 shares of the aerospace company’s stock valued at $207,000 after acquiring an additional 8 shares in the last quarter. Finally, Aviance Capital Management LLC raised its holdings in shares of General Dynamics Corporation by 0.3% during the first quarter. Aviance Capital Management LLC now owns 3,695 shares of the aerospace company’s stock valued at $692,000 after acquiring an additional 10 shares in the last quarter. Institutional investors own 86.18% of the company’s stock.

A number of equities analysts recently commented on the company. UBS AG restated a “buy” rating and set a $225.00 target price (up previously from $215.00) on shares of General Dynamics Corporation in a report on Monday, June 12th. BidaskClub raised General Dynamics Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Jefferies Group LLC reaffirmed a “buy” rating on shares of General Dynamics Corporation in a research note on Friday, August 11th. Zacks Investment Research cut General Dynamics Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Morgan Stanley started coverage on General Dynamics Corporation in a research note on Tuesday, August 8th. They issued an “underweight” rating and a $185.00 price target on the stock. 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 company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $206.59.

Shares of General Dynamics Corporation (NYSE GD) opened at 205.41 on Friday. The stock has a 50 day moving average price of $199.30 and a 200-day moving average price of $196.51. The stock has a market capitalization of $61.58 billion, a PE ratio of 20.29 and a beta of 0.71. General Dynamics Corporation has a 1-year low of $148.76 and a 1-year high of $206.51.

General Dynamics Corporation (NYSE:GD) last announced its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.43 by $0.02. General Dynamics Corporation had a return on equity of 28.17% and a net margin of 9.63%. The business had revenue of $7.68 billion for the quarter, compared to the consensus estimate of $7.76 billion. During the same period last year, the business posted $2.30 EPS. The business’s revenue was down 1.3% compared to the same quarter last year. On average, analysts forecast that General Dynamics Corporation will post $9.80 earnings per share for the current year.

The business 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 $0.84 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.64%. General Dynamics Corporation’s dividend payout ratio is presently 34.57%.

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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.

Institutional Ownership by Quarter for General Dynamics Corporation (NYSE:GD)

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