AHL Partners LLP Has $4.71 Million Position in General Dynamics Corporation (GD)

AHL Partners LLP lifted its position in General Dynamics Corporation (NYSE:GD) by 16.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,790 shares of the aerospace company’s stock after purchasing an additional 3,296 shares during the period. AHL Partners LLP’s holdings in General Dynamics Corporation were worth $4,713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vantage Investment Advisors LLC lifted its stake in shares of General Dynamics Corporation by 9.3% in the 2nd quarter. Vantage Investment Advisors LLC now owns 585 shares of the aerospace company’s stock valued at $116,000 after purchasing an additional 50 shares during the period. Ruggie Capital Group acquired a new position in shares of General Dynamics Corporation in the 1st quarter valued at $119,000. Captrust Financial Advisors acquired a new position in shares of General Dynamics Corporation in the 2nd quarter valued at $129,000. Zions Bancorporation lifted its stake in shares of General Dynamics Corporation by 0.5% in the 1st quarter. Zions Bancorporation now owns 732 shares of the aerospace company’s stock valued at $137,000 after purchasing an additional 4 shares during the period. Finally, Global X Management Co. LLC lifted its stake in shares of General Dynamics Corporation by 59.8% in the 1st quarter. Global X Management Co. LLC now owns 759 shares of the aerospace company’s stock valued at $142,000 after purchasing an additional 284 shares during the period. Hedge funds and other institutional investors own 86.17% of the company’s stock.

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Several research firms recently issued reports on GD. Citigroup Inc. reiterated a “neutral” rating and issued a $215.00 target price (up from $210.00) on shares of General Dynamics Corporation in a research note on Monday. ValuEngine cut shares of General Dynamics Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Deutsche Bank AG reiterated a “hold” rating and issued a $210.00 target price (up from $200.00) on shares of General Dynamics Corporation in a research note on Monday, October 2nd. Zacks Investment Research upgraded shares of General Dynamics Corporation from a “hold” rating to a “buy” rating and set a $230.00 target price for the company in a research note on Monday, October 2nd. Finally, BidaskClub upgraded shares of General Dynamics Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $209.45.

Shares of General Dynamics Corporation (NYSE GD) opened at 212.83 on Thursday. General Dynamics Corporation has a 12-month low of $148.76 and a 12-month high of $214.11. The stock has a market cap of $63.80 billion, a price-to-earnings ratio of 21.03 and a beta of 0.72. The stock’s 50 day moving average is $203.60 and its 200-day moving average is $198.55.

General Dynamics Corporation (NYSE:GD) last released its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.02. The business had revenue of $7.68 billion during 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 revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.30 EPS. Equities analysts anticipate that General Dynamics Corporation will post $9.81 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Friday, October 6th will be paid a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Thursday, October 5th. General Dynamics Corporation’s dividend payout ratio (DPR) is presently 34.57%.

About General Dynamics Corporation

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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