Investors sold shares of General Dynamics Corp. (NYSE:GD) on strength during trading on Wednesday. $49.74 million flowed into the stock on the tick-up and $88.20 million flowed out of the stock on the tick-down, for a money net flow of $38.46 million out of the stock. Of all stocks tracked, General Dynamics Corp. had the 0th highest net out-flow for the day. General Dynamics Corp. traded up $1.48 for the day and closed at $139.89

Several equities research analysts recently commented on GD shares. Deutsche Bank AG downgraded shares of General Dynamics Corp. from a “buy” rating to a “hold” rating and reduced their price target for the company from $170.00 to $152.00 in a research report on Thursday, March 24th. Jefferies Group restated a “buy” rating on shares of General Dynamics Corp. in a research report on Sunday. Guggenheim started coverage on shares of General Dynamics Corp. in a research report on Monday, April 4th. They issued a “buy” rating and a $153.00 price target for the company. JPMorgan Chase & Co. upped their price target on shares of General Dynamics Corp. from $108.00 to $114.00 and gave the company an “outperform” rating in a research report on Monday, March 28th. Finally, Cowen and Company restated a “buy” rating on shares of General Dynamics Corp. in a research report on Tuesday, May 17th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $151.87.

The firm’s 50-day moving average price is $140.32 and its 200-day moving average price is $136.32. The firm has a market cap of $43.08 billion and a price-to-earnings ratio of 15.13.

General Dynamics Corp. (NYSE:GD) last issued its quarterly earnings results on Wednesday, April 27th. The company reported $2.34 EPS for the quarter, topping the consensus estimate of $2.16 by $0.18. The business had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.69 billion. The firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.14 EPS. Analysts forecast that General Dynamics Corp. will post $9.52 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 5th. Stockholders of record on Friday, July 1st will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Wednesday, June 29th.

A number of hedge funds and institutional investors have recently modified their holdings of GD. Vanguard Group Inc. boosted its position in shares of General Dynamics Corp. by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 18,187,473 shares of the company’s stock worth $2,498,233,000 after buying an additional 46,641 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of General Dynamics Corp. by 3.4% in the fourth quarter. Wells Fargo & Company MN now owns 4,931,162 shares of the company’s stock worth $677,345,000 after buying an additional 163,090 shares in the last quarter. Boston Partners boosted its position in shares of General Dynamics Corp. by 34.1% in the fourth quarter. Boston Partners now owns 3,291,401 shares of the company’s stock worth $452,107,000 after buying an additional 837,458 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of General Dynamics Corp. by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 1,438,810 shares of the company’s stock worth $197,635,000 after buying an additional 40,205 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of General Dynamics Corp. by 0.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,104,191 shares of the company’s stock worth $151,672,000 after buying an additional 6,383 shares in the last quarter.

General Dynamics Corporation is an aerospace and defense company that offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions and information technology (IT) services, and shipbuilding.

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