General Dynamics Corporation (GD) Holdings Lifted by ProVise Management Group LLC

ProVise Management Group LLC raised its holdings in shares of General Dynamics Corporation (NYSE:GD) by 6.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,699 shares of the aerospace company’s stock after purchasing an additional 779 shares during the period. ProVise Management Group LLC’s holdings in General Dynamics Corporation were worth $2,516,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Arrow Financial Corp grew its holdings in shares of General Dynamics Corporation by 87.7% during the 1st quarter. Arrow Financial Corp now owns 3,144 shares of the aerospace company’s stock worth $588,000 after acquiring an additional 1,469 shares during the period. Greenleaf Trust grew its holdings in shares of General Dynamics Corporation by 2.4% during the 1st quarter. Greenleaf Trust now owns 1,392 shares of the aerospace company’s stock worth $261,000 after acquiring an additional 32 shares during the period. Linscomb & Williams Inc. grew its holdings in shares of General Dynamics Corporation by 22.7% during the 1st quarter. Linscomb & Williams Inc. now owns 1,497 shares of the aerospace company’s stock worth $280,000 after acquiring an additional 277 shares during the period. Canada Pension Plan Investment Board grew its holdings in shares of General Dynamics Corporation by 391.7% during the 1st quarter. Canada Pension Plan Investment Board now owns 143,480 shares of the aerospace company’s stock worth $26,859,000 after acquiring an additional 114,300 shares during the period. Finally, Weatherly Asset Management L. P. grew its holdings in shares of General Dynamics Corporation by 8.6% during the 1st quarter. Weatherly Asset Management L. P. now owns 21,653 shares of the aerospace company’s stock worth $4,053,000 after acquiring an additional 1,710 shares during the period. 86.19% of the stock is owned by institutional investors and hedge funds.

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A number of research firms have weighed in on GD. BidaskClub upgraded General Dynamics Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 25th. Royal Bank Of Canada reiterated a “buy” rating and set a $220.00 target price on shares of General Dynamics Corporation in a report on Friday, June 2nd. ValuEngine upgraded General Dynamics Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Jefferies Group LLC reiterated a “buy” rating and set a $220.00 target price on shares of General Dynamics Corporation in a report on Friday, July 7th. Finally, Cowen and Company reiterated a “buy” rating and set a $210.00 target price on shares of General Dynamics Corporation in a report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $206.59.

Shares of General Dynamics Corporation (NYSE:GD) opened at 200.33 on Tuesday. The company has a 50 day moving average price of $199.10 and a 200 day moving average price of $196.09. The stock has a market cap of $60.06 billion, a P/E ratio of 19.79 and a beta of 0.71. 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 issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $7.76 billion. General Dynamics Corporation had a net margin of 9.63% and a return on equity of 28.17%. General Dynamics Corporation’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.30 earnings per share. On average, equities analysts anticipate that General Dynamics Corporation will post $9.81 EPS for the current year.

The firm 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. This represents a $3.36 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Thursday, October 5th. General Dynamics Corporation’s dividend payout ratio (DPR) is 34.57%.

General Dynamics Corporation 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.

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

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