City Holding Co. continued to hold its stake in General Dynamics Corporation (NYSE:GD) during the second quarter, Holdings Channel reports. The institutional investor owned 1,176 shares of the aerospace company’s stock at the end of the second quarter. City Holding Co.’s holdings in General Dynamics Corporation were worth $233,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Quadrant Capital Group LLC raised its stake 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 in the last quarter. Zions Bancorporation raised its stake 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 in the last quarter. Savant Capital LLC raised its stake 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 in the last quarter. Guardian Life Insurance Co. of America raised its stake 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 in the last quarter. Finally, Aviance Capital Management LLC raised its stake in 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 in the last quarter. Institutional investors own 87.52% of the company’s stock.

Shares of General Dynamics Corporation (NYSE GD) traded down 0.20% during trading on Friday, reaching $197.89. 1,105,954 shares of the company traded hands. The company has a 50-day moving average of $199.82 and a 200-day moving average of $193.74. The stock has a market capitalization of $59.33 billion, a PE ratio of 19.55 and a beta of 0.71. General Dynamics Corporation has a 12 month low of $148.76 and a 12 month high of $205.90.

General Dynamics Corporation (NYSE:GD) last posted its earnings results on Wednesday, July 26th. The aerospace company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.02. The firm had revenue of $7.68 billion during 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%. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.30 earnings per share. Analysts forecast that General Dynamics Corporation will post $9.82 earnings per share for the current fiscal year.

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

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Several analysts have issued reports on the stock. UBS AG restated a “buy” rating and issued a $225.00 price target (up from $215.00) on shares of General Dynamics Corporation in a research report on Monday, June 12th. Zacks Investment Research lowered shares of General Dynamics Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Jefferies Group LLC restated a “buy” rating and issued a $200.00 price target on shares of General Dynamics Corporation in a research report on Tuesday, April 18th. BidaskClub lowered shares of 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 restated a “buy” rating and issued a $220.00 price target on shares of General Dynamics Corporation in a research report on Friday, June 2nd. Two investment 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 stock presently has a consensus rating of “Buy” and a consensus price target of $206.59.

In other news, Director Lester L. Lyles sold 2,551 shares of the 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 of the company’s stock, valued at $1,437,929.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Christopher Marzilli sold 43,890 shares of the 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 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 currently 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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