Fulton Bank N.A. lowered its position in General Dynamics Corporation (NYSE:GD) by 1.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,839 shares of the aerospace company’s stock after selling 20 shares during the period. Fulton Bank N.A.’s holdings in General Dynamics Corporation were worth $365,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Ruggie Capital Group acquired a new position in shares of General Dynamics Corporation during the first quarter worth $119,000. Pinnacle Bank acquired a new position in shares of General Dynamics Corporation during the first quarter worth $126,000. Zions Bancorporation raised its position in shares of General Dynamics Corporation by 0.5% in the first quarter. Zions Bancorporation now owns 732 shares of the aerospace company’s stock worth $137,000 after buying an additional 4 shares in the last quarter. Global X Management Co. LLC raised its position in shares of 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 worth $142,000 after buying an additional 284 shares in the last quarter. Finally, Central Bank & Trust Co. raised its position in shares of General Dynamics Corporation by 33.9% in the first quarter. Central Bank & Trust Co. now owns 872 shares of the aerospace company’s stock worth $164,000 after buying an additional 221 shares in the last quarter. Institutional investors and hedge funds own 86.77% of the company’s stock.

Shares of General Dynamics Corporation (GD) traded down 0.22% during midday trading on Tuesday, reaching $199.86. 288,428 shares of the company’s stock traded hands. General Dynamics Corporation has a one year low of $148.76 and a one year high of $205.90. The stock’s 50-day moving average price is $199.79 and its 200 day moving average price is $194.16. The firm has a market capitalization of $59.92 billion, a PE ratio of 19.75 and a beta of 0.71.

General Dynamics Corporation (NYSE:GD) last posted its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $7.76 billion. During the same period in the prior year, the company posted $2.30 EPS. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. On average, equities research analysts expect that General Dynamics Corporation will post $9.82 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 10th. Shareholders 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 34.57%.

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A number of brokerages have weighed in on GD. BidaskClub upgraded shares of General Dynamics Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Royal Bank Of Canada restated a “buy” rating and issued a $220.00 price objective on shares of General Dynamics Corporation in a research report on Friday, June 2nd. ValuEngine upgraded shares of General Dynamics Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Jefferies Group LLC restated a “buy” rating and issued a $220.00 price objective on shares of General Dynamics Corporation in a research report on Friday, July 7th. Finally, Cowen and Company restated a “buy” rating and issued a $210.00 price objective on shares of General Dynamics Corporation in a research report on Monday, July 17th. Two 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. The company currently has a consensus rating of “Buy” and an average price target of $206.59.

In other news, Director Lester L. Lyles sold 2,551 shares of the stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $196.01, for a total transaction of $500,021.51. Following the completion of the transaction, the director now directly owns 7,336 shares in the company, valued at approximately $1,437,929.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value of $8,838,129.30. Following the transaction, the vice president now owns 107,857 shares of the company’s stock, valued at $21,719,164.09. The disclosure for this sale can be found here. Corporate insiders own 6.70% of the company’s stock.

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.

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

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