Benjamin F. Edwards & Company Inc. boosted its position in General Dynamics Corporation (NYSE:GD) by 6.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,382 shares of the aerospace company’s stock after buying an additional 378 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in General Dynamics Corporation were worth $1,264,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of General Dynamics Corporation by 2,645.5% in the first quarter. BlackRock Inc. now owns 15,509,344 shares of the aerospace company’s stock worth $2,903,351,000 after buying an additional 14,944,453 shares during the period. Vanguard Group Inc. raised its stake in shares of General Dynamics Corporation by 4.7% in the first quarter. Vanguard Group Inc. now owns 19,799,817 shares of the aerospace company’s stock worth $3,706,525,000 after buying an additional 894,177 shares during the period. Janus Capital Management LLC raised its stake in shares of General Dynamics Corporation by 22.1% in the first quarter. Janus Capital Management LLC now owns 4,148,390 shares of the aerospace company’s stock worth $776,563,000 after buying an additional 749,793 shares during the period. TIAA CREF Investment Management LLC raised its stake in shares of General Dynamics Corporation by 59.6% in the first quarter. TIAA CREF Investment Management LLC now owns 1,809,357 shares of the aerospace company’s stock worth $338,712,000 after buying an additional 675,324 shares during the period. Finally, ProShare Advisors LLC raised its stake in shares of General Dynamics Corporation by 1,130.7% in the first quarter. ProShare Advisors LLC now owns 336,112 shares of the aerospace company’s stock worth $62,920,000 after buying an additional 308,802 shares during the period. 86.77% of the stock is owned by hedge funds and other institutional investors.

General Dynamics Corporation (NYSE GD) opened at 200.61 on Thursday. General Dynamics Corporation has a one year low of $148.76 and a one year high of $205.90. The company has a 50-day moving average of $199.82 and a 200 day moving average of $194.31. The company has a market cap of $60.14 billion, a P/E ratio of 19.82 and a beta of 0.71.

General Dynamics Corporation (NYSE:GD) last announced its earnings results on Wednesday, July 26th. The aerospace company reported $2.45 EPS for the quarter, topping 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 business had revenue of $7.68 billion during the quarter, compared to analysts’ expectations of $7.76 billion. During the same quarter in the prior year, the company posted $2.30 earnings per share. The firm’s revenue was down 1.3% on a year-over-year basis. Equities research analysts predict that General Dynamics Corporation will post $9.82 EPS for the current year.

The company 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. This represents a $3.36 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Thursday, October 5th. General Dynamics Corporation’s dividend payout ratio is currently 34.57%.

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GD has been the subject of a number of research reports. Cowen and Company reissued a “buy” rating and set a $210.00 target price on shares of General Dynamics Corporation in a research note on Monday, July 17th. BidaskClub raised shares of General Dynamics Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 25th. Sanford C. Bernstein reissued a “mkt perform” rating on shares of General Dynamics Corporation in a research note on Wednesday, May 10th. Barclays PLC reissued an “overweight” rating and set a $210.00 target price (up previously from $200.00) on shares of General Dynamics Corporation in a research note on Monday, May 1st. Finally, Stifel Nicolaus lifted their target price on shares of General Dynamics Corporation from $173.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, April 27th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $206.59.

In other General Dynamics Corporation news, Director Lester L. Lyles sold 2,551 shares of the stock in a transaction 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 completion of the sale, the director now owns 7,336 shares in the company, valued at $1,437,929.36. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Christopher Marzilli sold 43,890 shares of the stock in a transaction 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 owns 107,857 shares of the company’s stock, valued at approximately $21,719,164.09. The disclosure for this sale can be found here. Company 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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