Gerber Kawasaki Wealth & Investment Management lifted its holdings in General Dynamics Corporation (NYSE:GD) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,340 shares of the aerospace company’s stock after buying an additional 50 shares during the period. Gerber Kawasaki Wealth & Investment Management’s holdings in General Dynamics Corporation were worth $671,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Teachers Advisors LLC boosted its stake in shares of General Dynamics Corporation by 92.8% in the 1st quarter. Teachers Advisors LLC now owns 578,526 shares of the aerospace company’s stock worth $108,300,000 after buying an additional 278,394 shares during the last quarter. HCR Wealth Advisors boosted its stake in shares of General Dynamics Corporation by 3.3% in the 1st quarter. HCR Wealth Advisors now owns 1,228 shares of the aerospace company’s stock worth $230,000 after buying an additional 39 shares during the last quarter. Burney Co. boosted its stake in shares of General Dynamics Corporation by 5.8% in the 1st quarter. Burney Co. now owns 25,410 shares of the aerospace company’s stock worth $4,757,000 after buying an additional 1,404 shares during the last quarter. Boston Advisors LLC boosted its stake in shares of General Dynamics Corporation by 13.4% in the 2nd quarter. Boston Advisors LLC now owns 6,760 shares of the aerospace company’s stock worth $1,339,000 after buying an additional 800 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of General Dynamics Corporation by 12.2% in the 1st quarter. Morgan Stanley now owns 1,139,288 shares of the aerospace company’s stock worth $213,274,000 after buying an additional 124,077 shares during the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Shares of General Dynamics Corporation (NYSE:GD) opened at 205.72 on Friday. The firm’s 50-day moving average is $199.30 and its 200-day moving average is $196.51. The company has a market cap of $61.67 billion, a PE ratio of 20.32 and a beta of 0.71. General Dynamics Corporation has a one year low of $148.76 and a one year high of $206.57.

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. The business had revenue of $7.68 billion for the quarter, compared to analysts’ expectations of $7.76 billion. General Dynamics Corporation had a net margin of 9.63% and a return on equity of 28.17%. The company’s revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.30 EPS. On average, equities analysts anticipate that General Dynamics Corporation will post $9.80 EPS for the current year.

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

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A number of brokerages have recently weighed in on GD. BidaskClub downgraded General Dynamics Corporation from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. Zacks Investment Research upgraded General Dynamics Corporation from a “hold” rating to a “buy” rating and set a $224.00 target price on the stock in a research note on Tuesday, June 27th. Royal Bank Of Canada reiterated a “buy” rating and issued a $220.00 price objective on shares of General Dynamics Corporation in a research note on Friday, June 2nd. Morgan Stanley initiated coverage on General Dynamics Corporation in a research note on Tuesday, August 8th. They issued an “underweight” rating and a $185.00 price objective on the stock. Finally, UBS AG reiterated a “buy” rating and issued a $225.00 price objective (up previously from $215.00) on shares of General Dynamics Corporation in a research note on Monday, June 12th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. General Dynamics Corporation presently has an average rating of “Buy” and an average target price 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.

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

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