Deschutes Portfolio Strategy LLC raised its position in General Dynamics Corporation (NYSE:GD) by 0.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,757 shares of the aerospace company’s stock after buying an additional 1 shares during the quarter. Deschutes Portfolio Strategy LLC’s holdings in General Dynamics Corporation were worth $546,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GD. Ruggie Capital Group bought a new stake in shares of General Dynamics Corporation during the 1st quarter valued at $119,000. Zions Bancorporation lifted its position in shares of 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 acquiring an additional 4 shares during the period. Global X Management Co. LLC lifted its position in shares of 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 acquiring an additional 284 shares during the period. Central Bank & Trust Co. lifted its position in shares of General Dynamics Corporation by 5.7% during the 2nd quarter. Central Bank & Trust Co. now owns 922 shares of the aerospace company’s stock valued at $183,000 after acquiring an additional 50 shares during the period. Finally, First Command Bank lifted its position in shares of 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 acquiring an additional 227 shares during the period. 86.19% of the stock is currently owned by hedge funds and other institutional investors.

General Dynamics Corporation (NYSE GD) opened at 198.27 on Friday. General Dynamics Corporation has a 52-week low of $148.76 and a 52-week high of $205.90. The firm has a 50-day moving average price of $198.99 and a 200 day moving average price of $196.26. The company has a market capitalization of $59.44 billion, a P/E ratio of 19.59 and a beta of 0.71.

General Dynamics Corporation (NYSE:GD) last posted its earnings results on Wednesday, July 26th. The aerospace company reported $2.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.43 by $0.02. General Dynamics Corporation had a return on equity of 28.17% and a net margin of 9.63%. The business had revenue of $7.68 billion during the quarter, compared to analysts’ expectations of $7.76 billion. During the same period in the previous year, the business earned $2.30 earnings per share. The firm’s revenue was down 1.3% on a year-over-year basis. On average, analysts predict that General Dynamics Corporation will post $9.80 earnings per share for the current fiscal year.

The firm 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 dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 1.69%. The ex-dividend date is Thursday, October 5th. General Dynamics Corporation’s payout ratio is 34.57%.

A number of research firms have recently weighed in on GD. BidaskClub upgraded General Dynamics Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Royal Bank Of Canada reiterated a “buy” rating and set a $220.00 target price on shares of General Dynamics Corporation in a research report on Friday, June 2nd. ValuEngine upgraded General Dynamics Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Jefferies Group LLC reiterated a “buy” rating and set a $220.00 target price on shares of General Dynamics Corporation in a research report on Friday, July 7th. Finally, Cowen and Company reiterated a “buy” rating and set a $210.00 target price on shares of General Dynamics Corporation in a research report on Monday, July 17th. Two equities 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 stock currently has an average rating of “Buy” and a consensus price target of $206.59.

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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.

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

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