Triangle Securities Wealth Management decreased its position in shares of General Dynamics Corporation (NYSE:GD) by 1.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,210 shares of the aerospace company’s stock after selling 115 shares during the period. Triangle Securities Wealth Management’s holdings in General Dynamics Corporation were worth $1,428,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its position in General Dynamics Corporation by 0.7% in the first quarter. Quadrant Capital Group LLC now owns 608 shares of the aerospace company’s stock worth $108,000 after buying an additional 4 shares during the last quarter. Zions Bancorporation boosted its position in 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 during the last quarter. Savant Capital LLC boosted its position in General Dynamics Corporation by 0.4% in the first quarter. Savant Capital LLC now owns 1,815 shares of the aerospace company’s stock worth $340,000 after buying an additional 7 shares during the last quarter. Guardian Life Insurance Co. of America boosted its position in General Dynamics Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,104 shares of the aerospace company’s stock worth $207,000 after buying an additional 8 shares during the last quarter. Finally, Aviance Capital Management LLC boosted its position in General Dynamics Corporation by 0.3% in the first quarter. Aviance Capital Management LLC now owns 3,695 shares of the aerospace company’s stock worth $692,000 after buying an additional 10 shares during the last quarter. Institutional investors and hedge funds own 87.52% of the company’s stock.

General Dynamics Corporation (GD) traded down 0.71% on Thursday, reaching $199.57. The company had a trading volume of 250,607 shares. The stock has a market capitalization of $59.83 billion, a P/E ratio of 19.72 and a beta of 0.71. The stock’s 50 day moving average is $200.07 and its 200-day moving average is $193.56. General Dynamics Corporation has a 1-year low of $148.76 and a 1-year high of $205.90.

General Dynamics Corporation (NYSE:GD) last released its earnings results on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.02. The business 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 business’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the business posted $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 announced a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Friday, October 6th will be given a $0.84 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $3.36 annualized dividend and a dividend yield of 1.67%. General Dynamics Corporation’s dividend payout ratio (DPR) is presently 34.57%.

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A number of research firms have recently weighed in on GD. BidaskClub raised General Dynamics Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $220.00 price objective 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. Jefferies Group LLC reaffirmed a “buy” rating and set a $220.00 price objective on shares of General Dynamics Corporation in a research report on Friday, July 7th. Finally, Cowen and Company reaffirmed a “buy” rating and set 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 issued a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $206.05.

In other news, Director Lester L. Lyles sold 2,551 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $196.01, for a total value of $500,021.51. Following the transaction, 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 is accessible through this hyperlink. Also, VP Christopher Marzilli sold 43,890 shares of the firm’s 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 completion of the transaction, the vice president now owns 107,857 shares in the company, 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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