Northwestern Mutual Investment Management Company LLC grew its stake in shares of General Dynamics Corporation (NYSE:GD) by 119.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 126,386 shares of the aerospace company’s stock after acquiring an additional 68,861 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in General Dynamics Corporation were worth $17,598,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Zions Bancorporation lifted its position in shares of General Dynamics Corporation by 0.5% during the first quarter. Zions Bancorporation now owns 732 shares of the aerospace company’s stock worth $137,000 after acquiring an additional 4 shares in the last quarter. Norway Savings Bank lifted its position in shares of General Dynamics Corporation by 0.5% during the second quarter. Norway Savings Bank now owns 1,015 shares of the aerospace company’s stock worth $201,000 after acquiring an additional 5 shares in the last quarter. Savant Capital LLC lifted its position in shares of General Dynamics Corporation by 0.4% during the first quarter. Savant Capital LLC now owns 1,815 shares of the aerospace company’s stock worth $340,000 after acquiring an additional 7 shares in the last quarter. Guardian Life Insurance Co. of America lifted its position in shares of General Dynamics Corporation by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 1,104 shares of the aerospace company’s stock worth $207,000 after acquiring an additional 8 shares in the last quarter. Finally, Aviance Capital Management LLC lifted its position in shares of General Dynamics Corporation by 0.3% during the first quarter. Aviance Capital Management LLC now owns 3,695 shares of the aerospace company’s stock worth $692,000 after acquiring an additional 10 shares in the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.

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General Dynamics Corporation (NYSE:GD) opened at 205.72 on Friday. General Dynamics Corporation has a 1-year low of $148.76 and a 1-year high of $206.57. The company has a market cap of $61.67 billion, a PE ratio of 20.32 and a beta of 0.71. The company has a 50-day moving average price of $199.30 and a 200-day moving average price of $196.51.

General Dynamics Corporation (NYSE:GD) last announced its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share (EPS) for the quarter, beating 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 net margin of 9.63% and a return on equity of 28.17%. General Dynamics Corporation’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.30 EPS. On average, analysts expect 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 $0.84 dividend. The ex-dividend date is Thursday, October 5th. This represents a $3.36 dividend on an annualized basis and a yield of 1.64%. General Dynamics Corporation’s dividend payout ratio is currently 34.57%.

Several equities research analysts have issued reports on the company. ValuEngine upgraded General Dynamics Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Jefferies Group LLC restated a “buy” rating on shares of General Dynamics Corporation in a research report on Friday, August 11th. Citigroup Inc. restated a “neutral” rating and set a $210.00 target price (up previously from $207.00) on shares of General Dynamics Corporation in a research report on Friday, August 11th. BidaskClub upgraded General Dynamics Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Finally, Morgan Stanley assumed coverage on General Dynamics Corporation in a research report on Tuesday, August 8th. They set an “underweight” rating and a $185.00 target price on the stock. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus 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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