KAMES CAPITAL plc reduced its position in shares of General Dynamics Corporation (NYSE:GD) by 3.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,569 shares of the aerospace company’s stock after selling 262 shares during the period. KAMES CAPITAL plc’s holdings in General Dynamics Corporation were worth $1,698,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position 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 in the last quarter. BlackRock Inc. boosted its position 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 in the last quarter. Janus Capital Management LLC boosted its position 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 in the last quarter. Geode Capital Management LLC boosted its position in shares of General Dynamics Corporation by 5.1% in the first quarter. Geode Capital Management LLC now owns 2,920,756 shares of the aerospace company’s stock worth $546,040,000 after buying an additional 141,305 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of General Dynamics Corporation by 8.3% in the first quarter. Bank of New York Mellon Corp now owns 2,801,405 shares of the aerospace company’s stock worth $524,423,000 after buying an additional 214,825 shares in the last quarter. Hedge funds and other institutional investors own 87.52% of the company’s stock.

General Dynamics Corporation (NYSE GD) traded up 0.46% during mid-day trading on Friday, hitting $199.20. The company’s stock had a trading volume of 472,991 shares. The company’s 50 day moving average is $199.91 and its 200-day moving average is $193.59. General Dynamics Corporation has a 52-week low of $148.76 and a 52-week high of $205.90. The stock has a market cap of $59.72 billion, a P/E ratio of 19.68 and a beta of 0.71.

General Dynamics Corporation (NYSE:GD) last posted its earnings results on Wednesday, July 26th. The aerospace company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.02. The company had revenue of $7.68 billion for the quarter, compared to the consensus estimate of $7.76 billion. General Dynamics Corporation had a return on equity of 28.17% and a net margin of 9.63%. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.30 earnings per share. On average, equities analysts predict that General Dynamics Corporation will post $9.82 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Investors 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 1.69%. General Dynamics Corporation’s dividend payout ratio (DPR) is currently 34.57%.

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A number of research analysts have recently commented on GD shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $200.00 price target on shares of General Dynamics Corporation in a research report on Tuesday, April 18th. UBS AG reaffirmed a “buy” rating and set a $225.00 price target (up previously from $215.00) on shares of General Dynamics Corporation in a research report on Monday, June 12th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $220.00 price target on shares of General Dynamics Corporation in a research report on Friday, June 2nd. ValuEngine raised General Dynamics Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research raised General Dynamics Corporation from a “hold” rating to a “buy” rating and set a $224.00 price target on the stock in a research report on Tuesday, June 27th. Two research 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. The stock has a consensus rating of “Buy” and a consensus target price of $206.05.

In other General Dynamics Corporation news, Director Lester L. Lyles sold 2,551 shares of the company’s stock in a transaction 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 sale, the director now owns 7,336 shares in the company, valued at $1,437,929.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Christopher Marzilli sold 43,890 shares of the company’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $201.37, for a total value of $8,838,129.30. Following 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. 6.70% of the stock is owned by corporate insiders.

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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