PHH Investments Ltd. reduced its position in General Dynamics Corporation (NYSE:GD) by 0.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,182 shares of the aerospace company’s stock after selling 66 shares during the period. General Dynamics Corporation accounts for approximately 0.5% of PHH Investments Ltd.’s investment portfolio, making the stock its 24th largest position. PHH Investments Ltd.’s holdings in General Dynamics Corporation were worth $1,344,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in GD. Korea Investment CORP boosted its position in shares of General Dynamics Corporation by 128.7% in the first quarter. Korea Investment CORP now owns 255,196 shares of the aerospace company’s stock valued at $47,773,000 after buying an additional 143,590 shares during the period. Teachers Advisors LLC boosted its position in shares of General Dynamics Corporation by 92.8% in the first quarter. Teachers Advisors LLC now owns 578,526 shares of the aerospace company’s stock valued at $108,300,000 after buying an additional 278,394 shares during the period. Nwam LLC boosted its position in shares of General Dynamics Corporation by 24.3% in the first quarter. Nwam LLC now owns 1,786 shares of the aerospace company’s stock valued at $334,000 after buying an additional 349 shares during the period. Davis R M Inc. boosted its position in shares of General Dynamics Corporation by 8.0% in the first quarter. Davis R M Inc. now owns 1,447 shares of the aerospace company’s stock valued at $271,000 after buying an additional 107 shares during the period. Finally, HL Financial Services LLC boosted its position in shares of General Dynamics Corporation by 36.2% in the first quarter. HL Financial Services LLC now owns 5,510 shares of the aerospace company’s stock valued at $1,032,000 after buying an additional 1,464 shares during the period. 87.52% of the stock is owned by institutional investors and hedge funds.

Shares of General Dynamics Corporation (GD) traded down 0.53% on Tuesday, reaching $200.07. The company had a trading volume of 272,239 shares. The firm has a market capitalization of $59.98 billion, a price-to-earnings ratio of 19.77 and a beta of 0.71. The stock’s 50 day moving average is $200.54 and its 200 day moving average is $192.80. General Dynamics Corporation has a 52 week low of $147.45 and a 52 week high of $205.90.

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

The company also recently disclosed 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. This represents a $3.36 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Thursday, October 5th. General Dynamics Corporation’s payout ratio is currently 34.57%.

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Several research firms recently commented on GD. UBS AG restated a “buy” rating and set a $225.00 target price (up from $215.00) on shares of General Dynamics Corporation in a research report on Monday, June 12th. Zacks Investment Research cut General Dynamics Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Morgan Stanley began coverage on General Dynamics Corporation in a research report on Tuesday. They set an “underweight” rating and a $185.00 target price for the company. Jefferies Group LLC restated a “buy” rating and set a $200.00 target price on shares of General Dynamics Corporation in a research report on Tuesday, April 18th. Finally, BidaskClub cut General Dynamics Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Two analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. General Dynamics Corporation has an average rating of “Buy” and an average target price of $206.05.

In other General Dynamics Corporation news, VP Christopher Marzilli sold 43,890 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were 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 owns 107,857 shares of the company’s stock, valued at $21,719,164.09. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $500,021.51. Following the completion of the sale, the director now directly owns 7,336 shares of the company’s stock, valued at approximately $1,437,929.36. The disclosure for this sale can be found here. 6.70% of the stock is owned by company 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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