Eagle Asset Management Inc. grew its position in General Dynamics Corporation (NYSE:GD) by 5.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,300 shares of the aerospace company’s stock after purchasing an additional 72 shares during the period. Eagle Asset Management Inc.’s holdings in General Dynamics Corporation were worth $257,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. increased its holdings 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 valued at $2,903,351,000 after acquiring an additional 14,944,453 shares during the last quarter. Vanguard Group Inc. increased its holdings 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 valued at $3,706,525,000 after acquiring an additional 894,177 shares during the last quarter. Janus Capital Management LLC increased its holdings 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 valued at $776,563,000 after acquiring an additional 749,793 shares during the last quarter. TIAA CREF Investment Management LLC increased its holdings 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 valued at $338,712,000 after acquiring an additional 675,324 shares during the last quarter. Finally, Teachers Advisors LLC increased its holdings 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 valued at $108,300,000 after acquiring an additional 278,394 shares during the last quarter. 86.18% of the stock is currently owned by institutional investors.

A number of brokerages have recently commented on GD. ValuEngine raised General Dynamics Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Jefferies Group LLC reissued a “buy” rating on shares of General Dynamics Corporation in a report on Friday, August 11th. Citigroup Inc. reissued a “neutral” rating and set a $210.00 price objective (up previously from $207.00) on shares of General Dynamics Corporation in a report on Friday, August 11th. BidaskClub raised General Dynamics Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Finally, Morgan Stanley began coverage on General Dynamics Corporation in a report on Tuesday, August 8th. They set an “underweight” rating and a $185.00 price objective on the stock. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. General Dynamics Corporation presently has a consensus rating of “Buy” and an average price target of $206.59.

Shares of General Dynamics Corporation (NYSE GD) opened at 202.18 on Tuesday. The company has a market cap of $60.61 billion, a P/E ratio of 19.97 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. The firm has a 50 day moving average price of $199.11 and a 200-day moving average price of $196.41.

General Dynamics Corporation (NYSE:GD) last announced its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $7.68 billion for the quarter, compared to the consensus estimate of $7.76 billion. During the same quarter in the previous year, the business earned $2.30 earnings per share. The business’s revenue was down 1.3% compared to the same quarter last year. Analysts anticipate that General Dynamics Corporation will post $9.80 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Friday, October 6th will be given a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Thursday, October 5th. General Dynamics Corporation’s payout ratio is 34.57%.

COPYRIGHT VIOLATION WARNING: “Eagle Asset Management Inc. Raises Holdings in General Dynamics Corporation (GD)” was originally posted by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another site, it was copied illegally and reposted in violation of U.S. & international copyright laws. The correct version of this article can be accessed at https://www.dailypolitical.com/2017/09/19/eagle-asset-management-inc-raises-holdings-in-general-dynamics-corporation-gd.html.

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.

Want to see what other hedge funds are holding GD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Dynamics Corporation (NYSE:GD).

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

Receive News & Ratings for General Dynamics Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Dynamics Corporation and related companies with MarketBeat.com's FREE daily email newsletter.