Centre Asset Management LLC boosted its stake in General Dynamics Corporation (NYSE:GD) by 3.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 29,740 shares of the aerospace company’s stock after buying an additional 1,000 shares during the period. Centre Asset Management LLC’s holdings in General Dynamics Corporation were worth $5,891,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its position in shares of 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 boosted its position in shares of 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 boosted its position in shares of 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 boosted its position in shares of 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, Aviance Capital Management LLC boosted its position in shares of General Dynamics Corporation by 0.3% in the first quarter. Aviance Capital Management LLC now owns 3,695 shares of the aerospace company’s stock valued at $692,000 after buying an additional 10 shares during the period. 87.52% of the stock is currently owned by institutional investors.

General Dynamics Corporation (NYSE GD) traded up 0.46% during midday trading on Friday, hitting $199.20. The stock had a trading volume of 473,057 shares. General Dynamics Corporation has a 12 month low of $148.76 and a 12 month high of $205.90. The stock has a 50 day moving average of $199.91 and a 200 day moving average of $193.59. The stock has a market cap of $59.72 billion, a price-to-earnings ratio of 19.68 and a beta of 0.71.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Friday, October 6th will be given a $0.84 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $3.36 annualized dividend and a dividend yield of 1.69%. General Dynamics Corporation’s dividend payout ratio is presently 34.57%.

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Several research analysts recently issued reports on the company. UBS AG reissued a “buy” rating and issued a $225.00 price objective (up previously from $215.00) on shares of General Dynamics Corporation in a research note 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. Jefferies Group LLC reaffirmed a “buy” rating and set a $200.00 target price on shares of General Dynamics Corporation in a research report on Tuesday, April 18th. BidaskClub cut General Dynamics Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $220.00 target price on shares of General Dynamics Corporation in a research report on Friday, June 2nd. 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 company’s stock. General Dynamics Corporation has an average rating of “Buy” and a consensus target price of $206.05.

In other news, VP Christopher Marzilli sold 43,890 shares of the stock in a transaction that occurred on 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 sale, the vice president now directly owns 107,857 shares in the company, valued at $21,719,164.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lester L. Lyles sold 2,551 shares of the stock in a transaction that occurred on Friday, May 19th. The shares were 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 owns 7,336 shares in the company, valued at $1,437,929.36. The disclosure for this sale can be found here. 6.70% of the stock is owned by corporate 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.

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

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