Investors sold shares of General Dynamics Corp. (NYSE:GD) on strength during trading on Wednesday. $32.83 million flowed into the stock on the tick-up and $61.89 million flowed out of the stock on the tick-down, for a money net flow of $29.06 million out of the stock. Of all companies tracked, General Dynamics Corp. had the 13th highest net out-flow for the day. General Dynamics Corp. traded up $0.14 for the day and closed at $152.29

A number of brokerages have weighed in on GD. Sanford C. Bernstein raised shares of General Dynamics Corp. from a “market perform” rating to an “outperform” rating and set a $180.00 price target on the stock in a research report on Wednesday, August 10th. They noted that the move was a valuation call. Jefferies Group reaffirmed a “buy” rating on shares of General Dynamics Corp. in a research report on Wednesday, August 3rd. Argus lifted their price target on shares of General Dynamics Corp. from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, August 2nd. Zacks Investment Research raised shares of General Dynamics Corp. from a “hold” rating to a “buy” rating and set a $159.00 price target on the stock in a research report on Monday, July 18th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $152.00 price target on shares of General Dynamics Corp. in a research report on Thursday, May 19th. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $156.31.

The firm has a market capitalization of $46.37 billion and a PE ratio of 16.20. The firm’s 50 day moving average is $146.81 and its 200-day moving average is $139.84.

General Dynamics Corp. (NYSE:GD) last issued its earnings results on Wednesday, July 27th. The company reported $2.44 EPS for the quarter, topping the consensus estimate of $2.31 by $0.13. During the same period last year, the business earned $2.27 earnings per share. The firm earned $7.66 billion during the quarter, compared to the consensus estimate of $7.88 billion. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. Equities research analysts forecast that General Dynamics Corp. will post $9.73 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 10th. Investors of record on Friday, October 7th will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 2.00%.

In other General Dynamics Corp. news, insider John Patrick Casey sold 57,490 shares of the stock in a transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Gregory S. Gallopoulos sold 39,000 shares of the stock in a transaction on Friday, July 29th. The stock was 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.

Other hedge funds and institutional investors recently added to or reduced their stakes in the company. American International Group Inc. raised its position in General Dynamics Corp. by 0.3% in the fourth quarter. American International Group Inc. now owns 123,461 shares of the company’s stock valued at $16,959,000 after buying an additional 389 shares in the last quarter. Victory Capital Management Inc. raised its position in General Dynamics Corp. by 46.8% in the fourth quarter. Victory Capital Management Inc. now owns 11,476 shares of the company’s stock valued at $1,576,000 after buying an additional 3,657 shares in the last quarter. I.G. Investment Management LTD. raised its position in General Dynamics Corp. by 10.8% in the fourth quarter. I.G. Investment Management LTD. now owns 61,424 shares of the company’s stock valued at $8,437,000 after buying an additional 6,010 shares in the last quarter. Bridgewater Associates LP bought a new position in General Dynamics Corp. during the fourth quarter valued at about $1,029,000. Finally, US Bancorp DE raised its position in General Dynamics Corp. by 10.9% in the fourth quarter. US Bancorp DE now owns 227,722 shares of the company’s stock valued at $31,282,000 after buying an additional 22,315 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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