Evanson Asset Management LLC increased its stake in shares of General Dynamics Corporation (NYSE:GD) by 3.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,169 shares of the aerospace company’s stock after buying an additional 37 shares during the period. Evanson Asset Management LLC’s holdings in General Dynamics Corporation were worth $232,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Teachers Advisors LLC boosted its stake 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 last quarter. Korea Investment CORP boosted its stake 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 last quarter. HCR Wealth Advisors boosted its stake in shares of General Dynamics Corporation by 3.3% in the first quarter. HCR Wealth Advisors now owns 1,228 shares of the aerospace company’s stock valued at $230,000 after buying an additional 39 shares during the last quarter. Nwam LLC boosted its stake 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 last quarter. Finally, Davis R M Inc. boosted its stake 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 last quarter. Institutional investors and hedge funds own 87.52% of the company’s stock.

General Dynamics Corporation (NYSE GD) traded down 0.20% during mid-day trading on Friday, hitting $197.89. The stock had a trading volume of 1,105,954 shares. General Dynamics Corporation has a one year low of $148.76 and a one year high of $205.90. The stock has a market cap of $59.33 billion, a P/E ratio of 19.55 and a beta of 0.71. The company has a 50 day moving average price of $199.82 and a 200 day moving average price of $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, topping the Zacks’ consensus estimate of $2.43 by $0.02. The company had revenue of $7.68 billion for the quarter, compared to analysts’ expectations of $7.76 billion. General Dynamics Corporation had a return on equity of 28.17% and a net margin of 9.63%. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.30 EPS. On average, equities analysts anticipate that General Dynamics Corporation will post $9.82 EPS for the current year.

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

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Several analysts have recently issued reports on GD shares. Zacks Investment Research cut General Dynamics Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. BidaskClub cut General Dynamics Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 27th. ValuEngine upgraded General Dynamics Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Royal Bank Of Canada increased their price objective on 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, Berenberg Bank started coverage on General Dynamics Corporation in a research note on Wednesday, July 12th. They issued a “buy” rating and a $230.00 price objective on the stock. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $206.59.

In other news, Director Lester L. Lyles sold 2,551 shares of General Dynamics Corporation stock in a transaction on Friday, May 19th. The stock was sold at an average price of $196.01, for a total transaction of $500,021.51. Following the sale, the director now directly owns 7,336 shares in the company, valued at approximately $1,437,929.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher Marzilli sold 43,890 shares of General Dynamics Corporation stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $201.37, for a total value of $8,838,129.30. Following the sale, the vice president now owns 107,857 shares in the company, valued at $21,719,164.09. The disclosure for this sale can be found here. Insiders own 6.70% of the company’s stock.

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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