Virginia Retirement Systems ET AL held its stake in General Dynamics Corporation (NYSE:GD) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,200 shares of the aerospace company’s stock at the close of the 2nd quarter. Virginia Retirement Systems ET AL’s holdings in General Dynamics Corporation were worth $15,491,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in GD. Ruggie Capital Group purchased a new stake in General Dynamics Corporation during the 1st quarter valued at $119,000. Zions Bancorporation boosted its position in General Dynamics Corporation by 0.5% during the 1st 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 period. Global X Management Co. LLC boosted its position in General Dynamics Corporation by 59.8% during the 1st quarter. Global X Management Co. LLC now owns 759 shares of the aerospace company’s stock valued at $142,000 after buying an additional 284 shares during the period. Central Bank & Trust Co. boosted its position in General Dynamics Corporation by 33.9% during the 1st quarter. Central Bank & Trust Co. now owns 872 shares of the aerospace company’s stock valued at $164,000 after buying an additional 221 shares during the period. Finally, First Command Bank boosted its position in General Dynamics Corporation by 31.3% during the 2nd quarter. First Command Bank now owns 952 shares of the aerospace company’s stock valued at $189,000 after buying an additional 227 shares during the period. 86.19% of the stock is owned by institutional investors.

General Dynamics Corporation (NYSE:GD) opened at 197.87 on Monday. The company has a 50 day moving average of $199.26 and a 200-day moving average of $195.94. General Dynamics Corporation has a 12-month low of $148.76 and a 12-month high of $205.90. The stock has a market cap of $59.32 billion, a P/E ratio of 19.55 and a beta of 0.71.

General Dynamics Corporation (NYSE:GD) last issued its earnings results on Wednesday, July 26th. The aerospace company reported $2.45 EPS for the quarter, beating the Zacks’ consensus estimate of $2.43 by $0.02. The firm had revenue of $7.68 billion for the quarter, compared to analyst estimates of $7.76 billion. General Dynamics Corporation had a return on equity of 28.17% and a net margin of 9.63%. General Dynamics Corporation’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.30 earnings per share. Equities analysts forecast that General Dynamics Corporation will post $9.81 earnings per share for the current 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 is Thursday, October 5th. This represents a $3.36 dividend on an annualized basis and a yield of 1.70%. General Dynamics Corporation’s dividend payout ratio is currently 34.57%.

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GD has been the subject of several analyst reports. Cowen and Company reissued a “buy” rating and set a $210.00 price target on shares of General Dynamics Corporation in a research report on Monday, July 17th. BidaskClub raised shares of General Dynamics Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research cut shares of General Dynamics Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Berenberg Bank assumed coverage on shares of General Dynamics Corporation in a report on Wednesday, July 12th. They issued a “buy” rating and a $230.00 price objective for the company. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $220.00 price objective on shares of General Dynamics Corporation in a report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $206.59.

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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