First American Bank boosted its position in General Dynamics Corporation (NYSE:GD) by 6.6% during the second quarter, Holdings Channel reports. The fund owned 27,817 shares of the aerospace company’s stock after buying an additional 1,715 shares during the period. First American Bank’s holdings in General Dynamics Corporation were worth $5,511,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. BKD Wealth Advisors LLC increased its stake in shares of General Dynamics Corporation by 14.4% in the second quarter. BKD Wealth Advisors LLC now owns 3,292 shares of the aerospace company’s stock worth $652,000 after buying an additional 415 shares during the last quarter. Guinness Asset Management Ltd increased its stake in shares of General Dynamics Corporation by 13.1% in the second quarter. Guinness Asset Management Ltd now owns 58,830 shares of the aerospace company’s stock worth $11,654,000 after buying an additional 6,820 shares during the last quarter. First Command Bank increased its stake in shares of General Dynamics Corporation by 31.3% in the second quarter. First Command Bank now owns 952 shares of the aerospace company’s stock worth $189,000 after buying an additional 227 shares during the last quarter. Beacon Financial Group increased its stake in shares of General Dynamics Corporation by 3.1% in the second quarter. Beacon Financial Group now owns 8,393 shares of the aerospace company’s stock worth $1,653,000 after buying an additional 250 shares during the last quarter. Finally, Burns J W & Co. Inc. NY bought a new stake in shares of General Dynamics Corporation during the second quarter worth $202,000. 87.52% of the stock is currently owned by institutional investors and hedge funds.

Shares of General Dynamics Corporation (NYSE GD) traded down 0.20% during midday trading on Friday, reaching $197.89. The company’s stock had a trading volume of 1,105,954 shares. The company has a market cap of $59.33 billion, a P/E ratio of 19.55 and a beta of 0.71. The stock’s 50-day moving average price is $199.82 and its 200-day moving average price is $193.74. 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 announced its earnings results on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share (EPS) for the quarter, beating 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 return on equity of 28.17% and a net margin of 9.63%. The business’s revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.30 EPS. On average, analysts expect that General Dynamics Corporation will post $9.82 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Investors 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 dividend on an annualized basis and a dividend yield of 1.70%. General Dynamics Corporation’s dividend payout ratio (DPR) is presently 34.57%.

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A number of equities research analysts recently weighed in on the company. UBS AG reaffirmed a “buy” rating and set a $225.00 price objective (up previously from $215.00) on shares of General Dynamics Corporation in a research report on Monday, June 12th. BidaskClub raised General Dynamics Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Jefferies Group LLC reaffirmed a “buy” rating on shares of General Dynamics Corporation in a research report on Friday. Citigroup Inc. raised their price objective on General Dynamics Corporation from $207.00 to $210.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Morgan Stanley assumed coverage on General Dynamics Corporation in a research report on Tuesday, August 8th. They set an “underweight” rating and a $185.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $206.59.

In other General Dynamics Corporation news, VP Christopher Marzilli sold 43,890 shares of the company’s stock in a transaction that occurred on 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 sale, the vice president now directly owns 107,857 shares of the company’s stock, valued at approximately $21,719,164.09. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lester L. Lyles sold 2,551 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $196.01, for a total value of $500,021.51. Following the sale, the director now directly owns 7,336 shares of the company’s stock, 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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