First National Bank Sioux Falls maintained its stake in General Dynamics Corp. (NYSE:GD) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 748 shares of the company’s stock at the end of the second quarter. First National Bank Sioux Falls’ holdings in General Dynamics Corp. were worth $104,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of GD. Edgar Lomax Co. VA raised its stake in General Dynamics Corp. by 10.6% in the first quarter. Edgar Lomax Co. VA now owns 269,200 shares of the company’s stock valued at $35,365,000 after buying an additional 25,900 shares in the last quarter. Buffington Mohr McNeal acquired a new stake in General Dynamics Corp. during the first quarter valued at approximately $541,000. AMP Capital Investors Ltd raised its stake in General Dynamics Corp. by 2.2% in the first quarter. AMP Capital Investors Ltd now owns 192,930 shares of the company’s stock valued at $25,415,000 after buying an additional 4,170 shares in the last quarter. Tompkins Financial Corp raised its stake in General Dynamics Corp. by 8.2% in the first quarter. Tompkins Financial Corp now owns 13,920 shares of the company’s stock valued at $1,828,000 after buying an additional 1,060 shares in the last quarter. Finally, Origin Asset Management LLP raised its stake in General Dynamics Corp. by 18.4% in the first quarter. Origin Asset Management LLP now owns 224,331 shares of the company’s stock valued at $29,470,000 after buying an additional 34,837 shares in the last quarter. Institutional investors and hedge funds own 87.68% of the company’s stock.

Shares of General Dynamics Corp. (NYSE:GD) traded up 1.15% during mid-day trading on Thursday, reaching $154.86. 1,161,076 shares of the company were exchanged. General Dynamics Corp. has a 12 month low of $121.61 and a 12 month high of $154.98. The stock has a 50 day moving average price of $151.80 and a 200-day moving average price of $142.33. The stock has a market capitalization of $47.15 billion, a P/E ratio of 16.47 and a beta of 0.84.

General Dynamics Corp. (NYSE:GD) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.31 by $0.13. General Dynamics Corp. had a net margin of 9.53% and a return on equity of 27.74%. The company earned $7.66 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter in the previous year, the firm earned $2.27 earnings per share. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. Analysts predict that General Dynamics Corp. will post $9.73 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 10th. Shareholders of record on Friday, October 7th will be issued a dividend of $0.76 per share. The ex-dividend date is Wednesday, October 5th. This represents a $3.04 dividend on an annualized basis and a yield of 1.96%. General Dynamics Corp.’s payout ratio is currently 32.27%.

Several research analysts recently commented on GD shares. Jefferies Group reiterated a “buy” rating on shares of General Dynamics Corp. in a research note on Sunday, July 3rd. Zacks Investment Research upgraded shares of General Dynamics Corp. from a “hold” rating to a “buy” rating and set a $159.00 price objective for the company in a research note on Monday, July 18th. Argus boosted their price objective 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. Sanford C. Bernstein upgraded shares of General Dynamics Corp. from a “market perform” rating to an “outperform” rating and set a $180.00 price objective for the company in a research note on Wednesday, August 10th. They noted that the move was a valuation call. Finally, Citigroup Inc. boosted their price objective on shares of General Dynamics Corp. from $162.00 to $185.00 and gave the stock a “buy” rating in a research note on Tuesday, September 6th. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $157.99.

In other General Dynamics Corp. news, insider Robert W. Helm sold 149,910 shares of the firm’s stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $152.43, for a total transaction of $22,850,781.30. Following the sale, the insider now owns 108,119 shares of the company’s stock, valued at $16,480,579.17. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Gregory S. Gallopoulos sold 39,000 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $146.58, for a total transaction of $5,716,620.00. Following the sale, the vice president now directly owns 153,848 shares in the company, valued at approximately $22,551,039.84. The disclosure for this sale can be found here. Company insiders own 6.80% of the company’s stock.

About General Dynamics Corp.

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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