Canandaigua National Bank & Trust Co. lessened its stake in shares of General Dynamics Corporation (NYSE:GD) by 1.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,053 shares of the aerospace company’s stock after selling 134 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in General Dynamics Corporation were worth $1,793,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of GD. BlackRock Inc. increased its position in shares of General Dynamics Corporation by 2,645.5% during the 1st quarter. BlackRock Inc. now owns 15,509,344 shares of the aerospace company’s stock worth $2,903,351,000 after purchasing an additional 14,944,453 shares during the last quarter. Vanguard Group Inc. increased its position in shares of General Dynamics Corporation by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 19,799,817 shares of the aerospace company’s stock worth $3,706,525,000 after purchasing an additional 894,177 shares during the last quarter. Janus Capital Management LLC increased its position in shares of General Dynamics Corporation by 22.1% during the 1st quarter. Janus Capital Management LLC now owns 4,148,390 shares of the aerospace company’s stock worth $776,563,000 after purchasing an additional 749,793 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in shares of General Dynamics Corporation by 59.6% during the 1st quarter. TIAA CREF Investment Management LLC now owns 1,809,357 shares of the aerospace company’s stock worth $338,712,000 after purchasing an additional 675,324 shares during the last quarter. Finally, Teachers Advisors LLC increased its position in shares of General Dynamics Corporation by 92.8% during the 1st quarter. Teachers Advisors LLC now owns 578,526 shares of the aerospace company’s stock worth $108,300,000 after purchasing an additional 278,394 shares during the last quarter. Institutional investors and hedge funds own 86.19% of the company’s stock.

General Dynamics Corporation (NYSE:GD) opened at 197.61 on Friday. General Dynamics Corporation has a 12 month low of $148.76 and a 12 month high of $205.90. The stock’s 50 day moving average price is $198.86 and its 200-day moving average price is $196.20. The firm has a market capitalization of $59.24 billion, a P/E ratio of 19.52 and a beta of 0.71.

General Dynamics Corporation (NYSE:GD) last released its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.02. The company had revenue of $7.68 billion for the quarter, compared to the consensus estimate of $7.76 billion. General Dynamics Corporation had a return on equity of 28.17% and a net margin of 9.63%. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period last year, the business posted $2.30 EPS. On average, analysts forecast that General Dynamics Corporation will post $9.80 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Friday, October 6th will be issued a $0.84 dividend. The ex-dividend date 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 34.57%.

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A number of brokerages recently issued reports on GD. Zacks Investment Research downgraded General Dynamics Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. UBS AG reissued a “buy” rating and set a $225.00 price objective (up from $215.00) on shares of General Dynamics Corporation in a research report on Monday, June 12th. BidaskClub downgraded General Dynamics Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Cowen and Company reissued a “buy” rating and set a $210.00 price objective on shares of General Dynamics Corporation in a research report on Monday, July 17th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $220.00 price objective on shares of General Dynamics Corporation in a research report on Friday, June 2nd. 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 company’s stock. General Dynamics Corporation presently has an average rating of “Buy” and an average price target of $206.59.

General Dynamics Corporation 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.

Institutional Ownership by Quarter for General Dynamics Corporation (NYSE:GD)

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