Capital International Investors maintained its stake in shares of General Dynamics Corporation (NYSE:GD) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,344,000 shares of the aerospace company’s stock at the end of the 2nd quarter. Capital International Investors owned 0.45% of General Dynamics Corporation worth $266,246,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in GD. Capital Research Global Investors boosted its position in General Dynamics Corporation by 4.5% during the second quarter. Capital Research Global Investors now owns 16,792,408 shares of the aerospace company’s stock worth $3,326,576,000 after acquiring an additional 725,896 shares during the last quarter. AHL Partners LLP boosted its position in General Dynamics Corporation by 16.1% during the second quarter. AHL Partners LLP now owns 23,790 shares of the aerospace company’s stock worth $4,713,000 after acquiring an additional 3,296 shares during the last quarter. L & S Advisors Inc boosted its position in General Dynamics Corporation by 14.9% during the second quarter. L & S Advisors Inc now owns 5,596 shares of the aerospace company’s stock worth $1,109,000 after acquiring an additional 725 shares during the last quarter. Salem Investment Counselors Inc. boosted its position in General Dynamics Corporation by 15.3% during the second quarter. Salem Investment Counselors Inc. now owns 9,716 shares of the aerospace company’s stock worth $1,925,000 after acquiring an additional 1,286 shares during the last quarter. Finally, Sun Life Financial INC boosted its position in General Dynamics Corporation by 7,051.7% during the second quarter. Sun Life Financial INC now owns 2,074 shares of the aerospace company’s stock worth $411,000 after acquiring an additional 2,045 shares during the last quarter. Institutional investors and hedge funds own 86.17% of the company’s stock.

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Shares of General Dynamics Corporation (NYSE:GD) opened at 212.83 on Thursday. The firm has a 50 day moving average of $203.60 and a 200-day moving average of $198.55. The stock has a market capitalization of $63.80 billion, a P/E ratio of 21.03 and a beta of 0.72. General Dynamics Corporation has a 12 month low of $148.76 and a 12 month high of $214.11.

General Dynamics Corporation (NYSE:GD) last posted its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.02. The company had revenue of $7.68 billion for the quarter, compared to analyst estimates of $7.76 billion. General Dynamics Corporation had a net margin of 9.63% and a return on equity of 28.17%. The business’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.30 earnings per share. Analysts forecast that General Dynamics Corporation will post $9.81 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Friday, October 6th will be paid a dividend of $0.84 per share. The ex-dividend date is Thursday, October 5th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.58%. General Dynamics Corporation’s dividend payout ratio is currently 34.57%.

A number of research firms recently weighed in on GD. ValuEngine lowered shares of General Dynamics Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. BidaskClub upgraded shares of General Dynamics Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Jefferies Group LLC reiterated a “buy” rating on shares of General Dynamics Corporation in a report on Friday, August 11th. Deutsche Bank AG reiterated a “hold” rating and issued a $210.00 target price (up from $200.00) on shares of General Dynamics Corporation in a report on Monday, October 2nd. Finally, Citigroup Inc. reiterated a “neutral” rating and issued a $215.00 target price (up from $210.00) on shares of General Dynamics Corporation in a report on Monday. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. General Dynamics Corporation currently has an average rating of “Buy” and a consensus price target of $209.45.

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.

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

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