Bank of The West decreased its stake in General Dynamics Corporation (NYSE:GD) by 1.6% during the second quarter, Holdings Channel reports. The fund owned 1,560 shares of the aerospace company’s stock after selling 26 shares during the period. Bank of The West’s holdings in General Dynamics Corporation were worth $309,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Zions Bancorporation increased its stake in shares of 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 during the last quarter. Savant Capital LLC increased its stake in shares of 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 during the last quarter. Guardian Life Insurance Co. of America increased its stake in shares of 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 during the last quarter. Aviance Capital Management LLC increased its stake in shares of 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 during the last quarter. Finally, North Star Investment Management Corp. increased its stake in shares of General Dynamics Corporation by 0.5% in the first quarter. North Star Investment Management Corp. now owns 3,316 shares of the aerospace company’s stock valued at $621,000 after buying an additional 16 shares during the last quarter. 86.77% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Corporation (GD) traded up 0.6509% during mid-day trading on Friday, hitting $199.2788. The company had a trading volume of 526,600 shares. The company’s 50 day moving average price is $199.74 and its 200-day moving average price is $194.33. The firm has a market capitalization of $59.74 billion, a PE ratio of 19.6877 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 quarterly earnings data 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 during the quarter, compared to analyst estimates of $7.76 billion. General Dynamics Corporation had a net margin of 9.63% and a return on equity of 28.17%. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter last year, the business posted $2.30 EPS. On average, analysts forecast that General Dynamics Corporation will post $9.81 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Friday, October 6th will be paid a $0.84 dividend. 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 dividend payout ratio (DPR) is 34.57%.

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Several brokerages recently commented on GD. 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 note on Monday, June 12th. Zacks Investment Research downgraded General Dynamics Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. BidaskClub downgraded General Dynamics Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Royal Bank Of Canada reissued a “buy” rating and issued a $220.00 price target on shares of General Dynamics Corporation in a research note on Friday, June 2nd. Finally, Cowen and Company reissued a “buy” rating and issued a $210.00 price target on shares of General Dynamics Corporation in a research note on Monday, July 17th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. General Dynamics Corporation presently has an average rating of “Buy” and an average target price of $206.59.

In other General Dynamics Corporation news, VP Christopher Marzilli sold 43,890 shares of the stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $201.37, for a total value of $8,838,129.30. Following the completion of the sale, the vice president now owns 107,857 shares in the company, valued at approximately $21,719,164.09. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 6.70% of the company’s stock.

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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