General Dynamics Corporation (GD) Shares Bought by Woodstock Corp
Woodstock Corp raised its position in General Dynamics Corporation (NYSE:GD) by 5.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,415 shares of the aerospace company’s stock after buying an additional 350 shares during the period. Woodstock Corp’s holdings in General Dynamics Corporation were worth $1,271,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Ruggie Capital Group purchased a new stake in shares of General Dynamics Corporation during the first quarter worth $119,000. Zions Bancorporation raised 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 worth $137,000 after buying an additional 4 shares in the last quarter. Global X Management Co. LLC raised its stake in shares of General Dynamics Corporation by 59.8% in the first quarter. Global X Management Co. LLC now owns 759 shares of the aerospace company’s stock worth $142,000 after buying an additional 284 shares in the last quarter. Central Bank & Trust Co. raised its stake in shares of General Dynamics Corporation by 33.9% in the first quarter. Central Bank & Trust Co. now owns 872 shares of the aerospace company’s stock worth $164,000 after buying an additional 221 shares in the last quarter. Finally, First Command Bank raised 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 in the last quarter. 86.77% of the stock is owned by institutional investors.
Shares of General Dynamics Corporation (GD) traded up 0.87% during midday trading on Tuesday, hitting $200.45. The company had a trading volume of 345,356 shares. The company has a market capitalization of $60.09 billion, a P/E ratio of 19.80 and a beta of 0.71. The firm’s 50 day moving average is $199.80 and its 200 day moving average is $194.78. General Dynamics Corporation has a 52 week low of $148.76 and a 52 week high of $205.90.
General Dynamics Corporation (NYSE:GD) last issued its quarterly earnings data 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. General Dynamics Corporation had a net margin of 9.63% and a return on equity of 28.17%. The firm had revenue of $7.68 billion during the quarter, compared to the consensus estimate of $7.76 billion. During the same quarter in the previous year, the firm posted $2.30 EPS. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. Equities research analysts anticipate that General Dynamics Corporation will post $9.81 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Friday, October 6th will be given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Thursday, October 5th. General Dynamics Corporation’s payout ratio is 34.57%.
GD has been the topic of a number of research reports. Vetr lowered General Dynamics Corporation from a “hold” rating to a “sell” rating and set a $183.78 price objective on the stock. in a research report on Monday, April 24th. Royal Bank Of Canada boosted their price objective on General Dynamics Corporation from $211.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, April 27th. Stifel Nicolaus boosted their price objective on General Dynamics Corporation from $173.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, April 27th. Jefferies Group LLC restated a “buy” rating and set a $220.00 price objective (up previously from $200.00) on shares of General Dynamics Corporation in a research report on Friday, April 28th. Finally, Barclays PLC restated an “overweight” rating and set a $210.00 price objective (up previously from $200.00) on shares of General Dynamics Corporation in a research report on Monday, May 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $206.59.
In other news, VP Christopher Marzilli sold 43,890 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were 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 owns 107,857 shares of the company’s stock, valued at approximately $21,719,164.09. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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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