Investors sold shares of General Dynamics Corp. (NYSE:GD) on strength during trading on Wednesday. $87.06 million flowed into the stock on the tick-up and $107.03 million flowed out of the stock on the tick-down, for a money net flow of $19.97 million out of the stock. Of all equities tracked, General Dynamics Corp. had the 22nd highest net out-flow for the day. General Dynamics Corp. traded up $2.90 for the day and closed at $151.47

Several research analysts have weighed in on GD shares. Royal Bank Of Canada restated an “outperform” rating and set a $168.00 price objective (up previously from $166.00) on shares of General Dynamics Corp. in a report on Thursday, April 28th. Sanford C. Bernstein upgraded shares of General Dynamics Corp. from a “market perform” rating to an “outperform” rating in a research note on Wednesday. They noted that the move was a valuation call. Argus upped their target price on shares of General Dynamics Corp. from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, August 2nd. Jefferies Group reiterated a “buy” rating on shares of General Dynamics Corp. in a research note on Wednesday, August 3rd. Finally, Goldman Sachs Group Inc. reduced their target price on shares of General Dynamics Corp. from $151.00 to $147.00 and set a “neutral” rating for the company in a research note on Monday, May 2nd. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $154.56.

The firm has a market cap of $46.12 billion and a PE ratio of 16.11. The company has a 50-day moving average of $142.81 and a 200-day moving average of $138.33.

General Dynamics Corp. (NYSE:GD) last released its quarterly earnings results on Wednesday, July 27th. The company reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.13. The business earned $7.66 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter last year, the business posted $2.27 earnings per share. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, analysts predict that General Dynamics Corp. will post $9.71 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 10th. Stockholders of record on Friday, October 7th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 2.01%.

In related news, insider John Patrick Casey sold 57,490 shares of General Dynamics Corp. stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $146.96, for a total transaction of $8,448,730.40. Following the completion of the transaction, the insider now directly owns 165,118 shares in the company, valued at $24,265,741.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Gregory S. Gallopoulos sold 39,000 shares of General Dynamics Corp. stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $146.58, for a total value of $5,716,620.00. Following the transaction, the vice president now owns 153,848 shares of the company’s stock, valued at $22,551,039.84. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently made changes to their positions in the stock. Foresters Investment Management Company Inc. boosted its position in shares of General Dynamics Corp. by 11.3% in the fourth quarter. Foresters Investment Management Company Inc. now owns 23,600 shares of the company’s stock valued at $3,242,000 after buying an additional 2,400 shares in the last quarter. Eaton Vance Management boosted its position in shares of General Dynamics Corp. by 1.3% in the fourth quarter. Eaton Vance Management now owns 147,423 shares of the company’s stock valued at $20,250,000 after buying an additional 1,918 shares in the last quarter. Employees Retirement System of Texas boosted its position in shares of General Dynamics Corp. by 5.7% in the fourth quarter. Employees Retirement System of Texas now owns 139,300 shares of the company’s stock valued at $19,134,000 after buying an additional 7,500 shares in the last quarter. Morningstar Investment Services LLC boosted its position in shares of General Dynamics Corp. by 12.6% in the fourth quarter. Morningstar Investment Services LLC now owns 83,178 shares of the company’s stock valued at $11,425,000 after buying an additional 9,335 shares in the last quarter. Finally, Polaris Capital Management LLC boosted its position in shares of General Dynamics Corp. by 23.5% in the fourth quarter. Polaris Capital Management LLC now owns 123,120 shares of the company’s stock valued at $16,912,000 after buying an additional 23,460 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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