Advisory Research Inc. held its position in shares of General Dynamics Corporation (NYSE:GD) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,998 shares of the aerospace company’s stock at the end of the second quarter. Advisory Research Inc.’s holdings in General Dynamics Corporation were worth $4,492,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of General Dynamics Corporation by 1.9% in the second quarter. Vanguard Group Inc. now owns 20,176,505 shares of the aerospace company’s stock worth $3,996,966,000 after purchasing an additional 376,688 shares during the last quarter. Capital Research Global Investors raised its stake in shares of General Dynamics Corporation by 4.5% in the second quarter. Capital Research Global Investors now owns 16,792,408 shares of the aerospace company’s stock worth $3,326,576,000 after purchasing an additional 725,896 shares during the last quarter. BlackRock Inc. raised its stake in shares of General Dynamics Corporation by 5.3% in the second quarter. BlackRock Inc. now owns 16,338,831 shares of the aerospace company’s stock worth $3,236,720,000 after purchasing an additional 829,487 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of General Dynamics Corporation by 44,941.4% in the second quarter. Janus Henderson Group PLC now owns 4,998,693 shares of the aerospace company’s stock worth $990,241,000 after purchasing an additional 4,987,595 shares during the last quarter. Finally, Janus Capital Management LLC raised its stake in shares of General Dynamics Corporation by 22.1% in the first quarter. Janus Capital Management LLC now owns 4,148,390 shares of the aerospace company’s stock worth $776,563,000 after purchasing an additional 749,793 shares during the last quarter. Hedge funds and other institutional investors own 86.17% of the company’s stock.

Shares of General Dynamics Corporation (NYSE:GD) opened at 213.34 on Friday. General Dynamics Corporation has a 12-month low of $148.76 and a 12-month high of $214.81. The firm’s 50-day moving average price is $204.55 and its 200 day moving average price is $198.93. The company has a market cap of $63.96 billion, a price-to-earnings ratio of 21.08 and a beta of 0.72.

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 the consensus estimate 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 return on equity of 28.17% and a net margin of 9.63%. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period last year, the firm earned $2.30 EPS. On average, analysts predict that General Dynamics Corporation will post $9.81 earnings per share for the current 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 given a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 1.57%. The ex-dividend date is Thursday, October 5th. General Dynamics Corporation’s dividend payout ratio is currently 34.57%.

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GD has been the subject of several recent analyst reports. Jefferies Group LLC restated a “buy” rating on shares of General Dynamics Corporation in a research note on Friday, August 11th. Deutsche Bank AG restated a “hold” rating and issued a $210.00 price target (up previously from $200.00) on shares of General Dynamics Corporation in a research note on Monday, October 2nd. BidaskClub upgraded General Dynamics Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research cut General Dynamics Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, Citigroup Inc. restated a “neutral” rating and issued a $210.00 price target (up previously from $207.00) on shares of General Dynamics Corporation in a research note on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. General Dynamics Corporation currently has a consensus rating of “Buy” and an average target price of $209.45.

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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