Teachers Retirement System of The State of Kentucky decreased its stake in shares of General Dynamics Corporation (NYSE:GD) by 6.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,115 shares of the aerospace company’s stock after selling 3,900 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in General Dynamics Corporation were worth $10,317,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in GD. Quadrant Capital Group LLC increased its position in General Dynamics Corporation by 0.7% in the first quarter. Quadrant Capital Group LLC now owns 608 shares of the aerospace company’s stock valued at $108,000 after buying an additional 4 shares during the period. Zions Bancorporation increased its position in General Dynamics Corporation by 0.5% in the first quarter. Zions Bancorporation now owns 732 shares of the aerospace company’s stock valued at $137,000 after buying an additional 4 shares during the period. Savant Capital LLC increased its position in General Dynamics Corporation by 0.4% in the first quarter. Savant Capital LLC now owns 1,815 shares of the aerospace company’s stock valued at $340,000 after buying an additional 7 shares during the period. Guardian Life Insurance Co. of America increased its position in General Dynamics Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,104 shares of the aerospace company’s stock valued at $207,000 after buying an additional 8 shares during the period. Finally, North Star Investment Management Corp. increased its position in General Dynamics Corporation by 0.5% in the first quarter. North Star Investment Management Corp. now owns 3,316 shares of the aerospace company’s stock valued at $621,000 after buying an additional 16 shares during the period. Institutional investors and hedge funds own 87.52% of the company’s stock.

Shares of General Dynamics Corporation (NYSE GD) traded up 0.61% during trading on Monday, reaching $201.30. 317,141 shares of the company were exchanged. The firm has a market capitalization of $60.35 billion, a P/E ratio of 19.89 and a beta of 0.71. General Dynamics Corporation has a 1-year low of $147.45 and a 1-year high of $205.90. The firm’s 50 day moving average is $200.54 and its 200 day moving average is $192.80.

General Dynamics Corporation (NYSE:GD) last posted its earnings results on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.02. General Dynamics Corporation had a return on equity of 28.17% and a net margin of 9.63%. The company had revenue of $7.68 billion for the quarter, compared to analyst estimates of $7.76 billion. During the same quarter in the previous year, the firm earned $2.30 earnings per share. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, equities analysts anticipate that General Dynamics Corporation will post $9.82 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Friday, October 6th will be paid a $0.84 dividend. The ex-dividend date is Thursday, October 5th. This represents a $3.36 annualized dividend and a yield of 1.68%. General Dynamics Corporation’s dividend payout ratio (DPR) is presently 34.57%.

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Several research analysts have commented on GD shares. Jefferies Group LLC reissued a “buy” rating and set a $200.00 price target on shares of General Dynamics Corporation in a research note on Tuesday, April 18th. UBS AG reissued a “buy” rating and set a $225.00 price target (up from $215.00) on shares of General Dynamics Corporation in a research note on Monday, June 12th. Royal Bank Of Canada reissued a “buy” rating and set a $220.00 price target on shares of General Dynamics Corporation in a research note on Friday, June 2nd. ValuEngine raised shares of General Dynamics Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research raised shares of General Dynamics Corporation from a “hold” rating to a “buy” rating and set a $224.00 price target on the stock in a research note on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $207.56.

In other General Dynamics Corporation news, Director Lester L. Lyles sold 2,551 shares of the firm’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $196.01, for a total value of $500,021.51. Following the completion of the sale, the director now owns 7,336 shares of the company’s stock, valued at $1,437,929.36. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Christopher Marzilli sold 43,890 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $201.37, for a total value of $8,838,129.30. Following the completion of the sale, the vice president now directly owns 107,857 shares of the company’s stock, valued at approximately $21,719,164.09. The disclosure for this sale can be found here. 6.70% of the stock is owned by insiders.

General Dynamics Corporation Company 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.

Institutional Ownership by Quarter for General Dynamics Corporation (NYSE:GD)

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