Parkwood LLC purchased a new stake in shares of General Dynamics Corporation (NYSE:GD) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,624 shares of the aerospace company’s stock, valued at approximately $322,000.

Other large investors have also modified their holdings of the company. Macquarie Group Ltd. raised its stake in shares of General Dynamics Corporation by 117.9% in the fourth quarter. Macquarie Group Ltd. now owns 18,300 shares of the aerospace company’s stock valued at $3,160,000 after buying an additional 9,900 shares during the last quarter. Quadrant Capital Group LLC raised its stake 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 last quarter. Pennsylvania Trust Co raised its stake in shares of General Dynamics Corporation by 14.0% in the first quarter. Pennsylvania Trust Co now owns 2,640 shares of the aerospace company’s stock valued at $494,000 after buying an additional 325 shares during the last quarter. Bank of Montreal Can raised its stake in shares of General Dynamics Corporation by 1.9% in the first quarter. Bank of Montreal Can now owns 1,529,129 shares of the aerospace company’s stock valued at $286,253,000 after buying an additional 27,988 shares during the last quarter. Finally, Gradient Investments LLC raised its stake in shares of General Dynamics Corporation by 8,464.9% in the first quarter. Gradient Investments LLC now owns 3,169 shares of the aerospace company’s stock valued at $593,000 after buying an additional 3,132 shares during the last quarter. Hedge funds and other institutional investors own 87.52% of the company’s stock.

Shares of General Dynamics Corporation (NYSE GD) traded down 0.20% during mid-day trading on Friday, hitting $197.89. 1,105,954 shares of the company traded hands. The firm has a 50-day moving average of $199.82 and a 200-day moving average of $193.74. General Dynamics Corporation has a one year low of $148.76 and a one year high of $205.90. The stock has a market capitalization of $59.33 billion, a price-to-earnings ratio of 19.55 and a beta of 0.71.

General Dynamics Corporation (NYSE:GD) last posted its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.02. General Dynamics Corporation had a net margin of 9.63% and a return on equity of 28.17%. The business had revenue of $7.68 billion during the quarter, compared to the consensus estimate of $7.76 billion. During the same quarter last year, the company posted $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 predict that General Dynamics Corporation will post $9.82 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Investors of record on Friday, October 6th will be issued a dividend of $0.84 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $3.36 dividend on an annualized basis and a yield of 1.70%. General Dynamics Corporation’s dividend payout ratio (DPR) is presently 34.57%.

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GD has been the topic of several recent research reports. Cowen and Company reiterated an “outperform” rating and issued a $207.00 price target on shares of General Dynamics Corporation in a research note on Monday, April 17th. Jefferies Group LLC reiterated a “buy” rating and issued a $200.00 price target on shares of General Dynamics Corporation in a research note on Tuesday, April 18th. Vetr lowered shares of General Dynamics Corporation from a “hold” rating to a “sell” rating and set a $183.78 price target on the stock. in a research note on Monday, April 24th. Royal Bank Of Canada lifted their price target on shares of General Dynamics Corporation from $211.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, April 27th. Finally, Stifel Nicolaus lifted their price target 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. Two equities 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. The company has a consensus rating of “Buy” and an average price target of $206.59.

In other news, Director Lester L. Lyles sold 2,551 shares of General Dynamics Corporation stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $196.01, for a total value of $500,021.51. Following the completion of the transaction, the director now owns 7,336 shares in the company, valued at $1,437,929.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher Marzilli sold 43,890 shares of General Dynamics Corporation stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $201.37, for a total transaction of $8,838,129.30. Following the completion of the transaction, the vice president now 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 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.

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

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