Ffcm LLC increased its position in General Dynamics Corporation (NYSE:GD) by 8.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,873 shares of the aerospace company’s stock after buying an additional 1,123 shares during the period. Ffcm LLC’s holdings in General Dynamics Corporation were worth $2,598,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Pitcairn Co. raised its position in shares of General Dynamics Corporation by 35.6% in the first quarter. Pitcairn Co. now owns 7,075 shares of the aerospace company’s stock worth $1,324,000 after buying an additional 1,856 shares during the period. Outfitter Advisors LTD. raised its position in shares of General Dynamics Corporation by 0.5% in the first quarter. Outfitter Advisors LTD. now owns 8,970 shares of the aerospace company’s stock worth $1,679,000 after buying an additional 45 shares during the period. Mutual of America Capital Management LLC raised its position in shares of General Dynamics Corporation by 1.8% in the first quarter. Mutual of America Capital Management LLC now owns 34,279 shares of the aerospace company’s stock worth $6,417,000 after buying an additional 617 shares during the period. Lipe & Dalton raised its position in shares of General Dynamics Corporation by 6.6% in the first quarter. Lipe & Dalton now owns 1,625 shares of the aerospace company’s stock worth $304,000 after buying an additional 101 shares during the period. Finally, State of Wisconsin Investment Board raised its position in shares of General Dynamics Corporation by 137.3% in the first quarter. State of Wisconsin Investment Board now owns 296,783 shares of the aerospace company’s stock worth $55,558,000 after buying an additional 171,699 shares during the period. 87.21% of the stock is currently owned by institutional investors and hedge funds.

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

General Dynamics Corporation (GD) opened at 202.67 on Friday. The company’s 50-day moving average is $197.98 and its 200 day moving average is $187.08. General Dynamics Corporation has a one year low of $132.68 and a one year high of $205.07. The stock has a market capitalization of $61.16 billion, a price-to-earnings ratio of 20.33 and a beta of 0.70.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 11th. Shareholders of record on Friday, July 7th will be given a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Wednesday, July 5th. General Dynamics Corporation’s dividend payout ratio is presently 34.60%.

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A number of brokerages have recently commented on GD. Royal Bank Of Canada reaffirmed a “buy” rating and set a $220.00 target price on shares of General Dynamics Corporation in a research report on Friday, June 2nd. ValuEngine raised shares of General Dynamics Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Sanford C. Bernstein reaffirmed a “mkt perform” rating on shares of General Dynamics Corporation in a research report on Wednesday, May 10th. Barclays PLC reaffirmed an “overweight” rating and set a $210.00 target price (up from $200.00) on shares of General Dynamics Corporation in a research report on Monday, May 1st. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $220.00 target price (up from $200.00) on shares of General Dynamics Corporation in a research report on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $198.98.

In other General Dynamics Corporation news, Director Lester L. Lyles sold 2,551 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 7,336 shares of the company’s stock, valued at approximately $1,437,929.36. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Christopher Marzilli sold 43,890 shares of the stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $201.37, for a total transaction of $8,838,129.30. Following the completion of the sale, the vice president now directly owns 107,857 shares in the company, valued at $21,719,164.09. The disclosure for this sale can be found here. Over the last three months, insiders sold 75,376 shares of company stock worth $14,776,523. 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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