Flinton Capital Management LLC boosted its position in shares of General Dynamics Corporation (NYSE:GD) by 3.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,572 shares of the aerospace company’s stock after buying an additional 168 shares during the quarter. Flinton Capital Management LLC’s holdings in General Dynamics Corporation were worth $1,104,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Teachers Advisors LLC lifted its holdings in General Dynamics Corporation by 92.8% during the first quarter. Teachers Advisors LLC now owns 578,526 shares of the aerospace company’s stock valued at $108,300,000 after purchasing an additional 278,394 shares in the last quarter. HCR Wealth Advisors lifted its holdings in General Dynamics Corporation by 3.3% during the first quarter. HCR Wealth Advisors now owns 1,228 shares of the aerospace company’s stock valued at $230,000 after purchasing an additional 39 shares in the last quarter. Burney Co. lifted its holdings in General Dynamics Corporation by 5.8% during the first quarter. Burney Co. now owns 25,410 shares of the aerospace company’s stock valued at $4,757,000 after purchasing an additional 1,404 shares in the last quarter. Boston Advisors LLC lifted its holdings in General Dynamics Corporation by 13.4% during the second quarter. Boston Advisors LLC now owns 6,760 shares of the aerospace company’s stock valued at $1,339,000 after purchasing an additional 800 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in General Dynamics Corporation by 12.2% during the first quarter. Morgan Stanley now owns 1,139,288 shares of the aerospace company’s stock valued at $213,274,000 after purchasing an additional 124,077 shares in the last quarter. Institutional investors own 86.17% of the company’s stock.
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Several research firms have issued reports on GD. Zacks Investment Research downgraded shares of General Dynamics Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. BidaskClub downgraded shares of General Dynamics Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Morgan Stanley began coverage on shares of General Dynamics Corporation in a report on Tuesday, August 8th. They set an “underweight” rating and a $185.00 price objective on the stock. Cowen and Company reaffirmed a “buy” rating and set a $210.00 price objective on shares of General Dynamics Corporation in a report on Monday, July 17th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $220.00 price objective on shares of General Dynamics Corporation in a report on Friday, July 7th. 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 currently has an average rating of “Buy” and a consensus price target of $209.45.
General Dynamics Corporation (GD) opened at 213.72 on Friday. The stock has a 50 day moving average of $204.00 and a 200 day moving average of $198.66. The stock has a market capitalization of $64.07 billion, a P/E ratio of 21.11 and a beta of 0.72. General Dynamics Corporation has a 1-year low of $148.76 and a 1-year high of $214.11.
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, beating the Zacks’ consensus estimate of $2.43 by $0.02. The firm had revenue of $7.68 billion for the quarter, compared to analysts’ expectations of $7.76 billion. General Dynamics Corporation had a net margin of 9.63% and a return on equity of 28.17%. The firm’s revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.30 EPS. On average, analysts expect that General Dynamics Corporation will post $9.81 earnings per share 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. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $3.36 dividend on an annualized basis and a yield of 1.57%. General Dynamics Corporation’s payout ratio 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.
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