Bradley Foster & Sargent Inc. CT decreased its position in shares of General Dynamics Corporation (NYSE:GD) by 4.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,594 shares of the aerospace company’s stock after selling 2,490 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in General Dynamics Corporation were worth $10,023,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. MUFG Securities EMEA plc bought a new position in shares of General Dynamics Corporation during the 2nd quarter worth $9,905,000. Community Bank & Trust Waco Texas grew its position in shares of General Dynamics Corporation by 1.6% during the 2nd quarter. Community Bank & Trust Waco Texas now owns 13,095 shares of the aerospace company’s stock worth $2,594,000 after buying an additional 200 shares in the last quarter. Condor Capital Management grew its position in shares of General Dynamics Corporation by 1.1% during the 2nd quarter. Condor Capital Management now owns 4,169 shares of the aerospace company’s stock worth $826,000 after buying an additional 47 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in shares of General Dynamics Corporation by 4.7% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 27,228 shares of the aerospace company’s stock worth $5,394,000 after buying an additional 1,223 shares in the last quarter. Finally, Eagle Asset Management Inc. grew its position in shares of General Dynamics Corporation by 5.9% during the 2nd quarter. Eagle Asset Management Inc. now owns 1,300 shares of the aerospace company’s stock worth $257,000 after buying an additional 72 shares in the last quarter. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Shares of General Dynamics Corporation (GD) opened at 204.27 on Thursday. The company’s 50-day moving average price is $199.30 and its 200-day moving average price is $196.51. The company has a market cap of $61.24 billion, a P/E ratio of 20.18 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.

General Dynamics Corporation (NYSE:GD) last issued its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share 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 company had revenue of $7.68 billion for the quarter, compared to the consensus estimate of $7.76 billion. During the same quarter in the prior year, the business earned $2.30 EPS. General Dynamics Corporation’s revenue was down 1.3% on a year-over-year basis. Equities analysts forecast that General Dynamics Corporation will post $9.80 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Friday, October 6th will be issued a dividend of $0.84 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $3.36 annualized dividend and a yield of 1.64%. General Dynamics Corporation’s dividend payout ratio (DPR) is 34.57%.

A number of equities analysts have recently issued reports on GD shares. ValuEngine raised General Dynamics Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Royal Bank Of Canada reissued a “buy” rating and set a $220.00 price target on shares of General Dynamics Corporation in a research report on Friday, June 2nd. UBS AG reissued a “buy” rating and set a $225.00 price target (up previously from $215.00) on shares of General Dynamics Corporation in a research report on Monday, June 12th. Zacks Investment Research raised General Dynamics Corporation from a “hold” rating to a “buy” rating and set a $224.00 price target on the stock in a research report on Tuesday, June 27th. Finally, BidaskClub downgraded General Dynamics Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 27th. Two investment 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 company has a consensus rating of “Buy” and a consensus target price 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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