WFG Advisors LP lifted its holdings in shares of General Dynamics Corporation (NYSE:GD) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 668 shares of the aerospace company’s stock after buying an additional 2 shares during the quarter. WFG Advisors LP’s holdings in General Dynamics Corporation were worth $132,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in GD. Teachers Advisors LLC increased its holdings in General Dynamics Corporation by 92.8% during the 1st quarter. Teachers Advisors LLC now owns 578,526 shares of the aerospace company’s stock worth $108,300,000 after acquiring an additional 278,394 shares during the period. HCR Wealth Advisors increased its holdings in General Dynamics Corporation by 3.3% during the 1st quarter. HCR Wealth Advisors now owns 1,228 shares of the aerospace company’s stock worth $230,000 after acquiring an additional 39 shares during the period. Burney Co. increased its holdings in General Dynamics Corporation by 5.8% during the 1st quarter. Burney Co. now owns 25,410 shares of the aerospace company’s stock worth $4,757,000 after acquiring an additional 1,404 shares during the period. Boston Advisors LLC increased its holdings in General Dynamics Corporation by 13.4% during the 2nd quarter. Boston Advisors LLC now owns 6,760 shares of the aerospace company’s stock worth $1,339,000 after acquiring an additional 800 shares during the period. Finally, Morgan Stanley increased its holdings in General Dynamics Corporation by 12.2% during the 1st quarter. Morgan Stanley now owns 1,139,288 shares of the aerospace company’s stock worth $213,274,000 after acquiring an additional 124,077 shares during the period. Institutional investors own 86.17% of the company’s stock.

General Dynamics Corporation (NYSE GD) opened at 213.86 on Friday. General Dynamics Corporation has a 12-month low of $148.76 and a 12-month high of $214.81. The company’s 50 day moving average is $206.12 and its 200 day moving average is $199.72. The company has a market cap of $64.11 billion, a price-to-earnings ratio of 21.13 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. General Dynamics Corporation had a net margin of 9.63% and a return on equity of 28.17%. The company had revenue of $7.68 billion for the quarter, compared to analysts’ expectations of $7.76 billion. During the same quarter in the previous year, the business posted $2.30 earnings per share. General Dynamics Corporation’s quarterly revenue was down 1.3% on a year-over-year basis. Analysts forecast that General Dynamics Corporation will post $9.81 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 10th. Investors of record on Friday, October 6th will be given a $0.84 dividend. 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 presently 34.57%.

A number of analysts recently weighed in on the stock. BidaskClub lowered shares of General Dynamics Corporation from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. Morgan Stanley assumed coverage on shares of General Dynamics Corporation in a report on Tuesday, August 8th. They issued an “underweight” rating and a $185.00 price target on the stock. ValuEngine lowered shares of General Dynamics Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Zacks Investment Research lowered shares of General Dynamics Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Berenberg Bank assumed coverage on shares of General Dynamics Corporation in a report on Wednesday, July 12th. They issued a “buy” rating and a $230.00 price target on the stock. Two analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $210.79.

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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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