General Dynamics Corporation (GD) Shares Bought by MAI Capital Management

MAI Capital Management raised its holdings in shares of General Dynamics Corporation (NYSE:GD) by 4.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,039 shares of the aerospace company’s stock after buying an additional 301 shares during the quarter. MAI Capital Management’s holdings in General Dynamics Corporation were worth $1,394,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of GD. BlackRock Inc. lifted its holdings in shares of General Dynamics Corporation by 2,645.5% during 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 last quarter. Vanguard Group Inc. lifted its holdings in shares of General Dynamics Corporation by 4.7% during 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 last quarter. Janus Capital Management LLC lifted its holdings in shares of General Dynamics Corporation by 22.1% during 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 last quarter. TIAA CREF Investment Management LLC lifted its holdings in shares of General Dynamics Corporation by 59.6% during 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 last quarter. Finally, Teachers Advisors LLC lifted its holdings in shares of General Dynamics Corporation by 92.8% during the first quarter. Teachers Advisors LLC now owns 578,526 shares of the aerospace company’s stock worth $108,300,000 after buying an additional 278,394 shares during the last quarter. Institutional investors own 86.19% of the company’s stock.

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General Dynamics Corporation (NYSE GD) opened at 200.33 on Tuesday. The firm has a market capitalization of $60.06 billion, a price-to-earnings 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. The firm’s 50-day moving average price is $199.10 and its 200 day moving average price is $196.09.

General Dynamics Corporation (NYSE:GD) last announced its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.43 by $0.02. The firm had revenue of $7.68 billion during the quarter, compared to analysts’ expectations of $7.76 billion. General Dynamics Corporation had a return on equity of 28.17% and a net margin of 9.63%. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.30 EPS. On average, analysts predict that General Dynamics Corporation will post $9.81 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Friday, October 6th will be issued a $0.84 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $3.36 annualized dividend and a yield of 1.68%. General Dynamics Corporation’s dividend payout ratio is presently 34.57%.

A number of brokerages recently commented on GD. ValuEngine upgraded General Dynamics Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Royal Bank Of Canada restated a “buy” rating and issued a $220.00 target price on shares of General Dynamics Corporation in a research note on Friday, June 2nd. UBS AG restated a “buy” rating and issued a $225.00 target price (up from $215.00) on shares of General Dynamics Corporation in a research note on Monday, June 12th. Zacks Investment Research upgraded General Dynamics Corporation from a “hold” rating to a “buy” rating and set a $224.00 target price for the company in a research note on Tuesday, June 27th. Finally, BidaskClub lowered General Dynamics Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 27th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. General Dynamics Corporation currently has a consensus rating of “Buy” and an average target price of $206.59.

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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