First Command Bank increased its position in shares of General Dynamics Corporation (NYSE:GD) by 31.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 952 shares of the aerospace company’s stock after buying an additional 227 shares during the period. First Command Bank’s holdings in General Dynamics Corporation were worth $189,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of General Dynamics Corporation by 4.7% in the first quarter. Vanguard Group Inc. now owns 19,799,817 shares of the aerospace company’s stock worth $3,706,525,000 after buying an additional 894,177 shares during the period. BlackRock Inc. boosted its stake in shares of General Dynamics Corporation by 2,645.5% in the first quarter. BlackRock Inc. now owns 15,509,344 shares of the aerospace company’s stock worth $2,903,351,000 after buying an additional 14,944,453 shares during the period. Janus Capital Management LLC boosted its stake in shares of General Dynamics Corporation by 22.1% in the first quarter. Janus Capital Management LLC now owns 4,148,390 shares of the aerospace company’s stock worth $776,563,000 after buying an additional 749,793 shares during the period. Geode Capital Management LLC boosted its stake in shares of General Dynamics Corporation by 5.1% in the first quarter. Geode Capital Management LLC now owns 2,920,756 shares of the aerospace company’s stock worth $546,040,000 after buying an additional 141,305 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of General Dynamics Corporation by 8.3% in the first quarter. Bank of New York Mellon Corp now owns 2,801,405 shares of the aerospace company’s stock worth $524,423,000 after buying an additional 214,825 shares during the period. 87.52% of the stock is owned by hedge funds and other institutional investors.

Shares of General Dynamics Corporation (GD) traded down 0.20% on Friday, hitting $197.89. 1,105,954 shares of the stock were exchanged. The firm has a market cap of $59.33 billion, a price-to-earnings ratio of 19.55 and a beta of 0.71. General Dynamics Corporation has a one year low of $148.76 and a one year high of $205.90. The firm’s 50 day moving average price is $199.82 and its 200 day moving average price is $193.74.

General Dynamics Corporation (NYSE:GD) last released its earnings results on Wednesday, July 26th. The aerospace company reported $2.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.43 by $0.02. The firm had revenue of $7.68 billion for the quarter, compared to analysts’ expectations of $7.76 billion. General Dynamics Corporation had a net margin of 9.63% and a return on equity of 28.17%. General Dynamics Corporation’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the company earned $2.30 EPS. Equities analysts anticipate that General Dynamics Corporation will post $9.82 earnings per share for the current 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 dividend of $0.84 per share. The ex-dividend date is Thursday, October 5th. This represents a $3.36 annualized dividend and a yield of 1.70%. General Dynamics Corporation’s payout ratio is 34.57%.

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GD has been the subject of a number of research reports. Jefferies Group LLC reissued a “buy” rating on shares of General Dynamics Corporation in a research report on Friday. ValuEngine raised shares of General Dynamics Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. BidaskClub raised shares of General Dynamics Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday. Stifel Nicolaus lifted their price objective on shares of General Dynamics Corporation from $173.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, April 27th. Finally, Zacks Investment Research lowered shares of General Dynamics Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. General Dynamics Corporation presently has an average rating of “Buy” and a consensus price target of $206.59.

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 transaction of $8,838,129.30. Following the transaction, the vice president now owns 107,857 shares of the company’s stock, valued at approximately $21,719,164.09. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lester L. Lyles sold 2,551 shares of the firm’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $196.01, for a total transaction of $500,021.51. Following the transaction, the director now directly owns 7,336 shares in the company, valued at approximately $1,437,929.36. The disclosure for this sale can be found here. 6.70% of the stock is currently owned by company insiders.

About General Dynamics Corporation

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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