Epoch Investment Partners Inc. lessened its stake in shares of General Dynamics Co. (NYSE:GD) by 11.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 204,913 shares of the aerospace company’s stock after selling 26,394 shares during the quarter. Epoch Investment Partners Inc. owned 0.07% of General Dynamics worth $38,198,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in GD. Bank of Montreal Can purchased a new position in shares of General Dynamics in the second quarter valued at approximately $258,844,000. Millennium Management LLC boosted its stake in shares of General Dynamics by 234.2% in the first quarter. Millennium Management LLC now owns 931,892 shares of the aerospace company’s stock valued at $205,855,000 after purchasing an additional 653,083 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of General Dynamics by 29.0% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,243,297 shares of the aerospace company’s stock valued at $418,173,000 after purchasing an additional 504,326 shares during the period. Levin Capital Strategies L.P. purchased a new position in shares of General Dynamics in the second quarter valued at approximately $68,282,000. Finally, CI Investments Inc. boosted its stake in shares of General Dynamics by 122.8% in the first quarter. CI Investments Inc. now owns 463,073 shares of the aerospace company’s stock valued at $102,293,000 after purchasing an additional 255,188 shares during the period. 85.47% of the stock is owned by institutional investors.

Shares of NYSE:GD opened at $194.71 on Friday. The company has a market capitalization of $57.99 billion, a P/E ratio of 19.57, a PEG ratio of 1.57 and a beta of 0.79. General Dynamics Co. has a fifty-two week low of $184.21 and a fifty-two week high of $230.00. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.84 and a current ratio of 1.20.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, July 25th. The aerospace company reported $2.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $0.33. The firm had revenue of $9.19 billion for the quarter, compared to analysts’ expectations of $9.09 billion. General Dynamics had a net margin of 9.16% and a return on equity of 27.06%. The firm’s revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.45 earnings per share. analysts predict that General Dynamics Co. will post 11.22 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Investors of record on Friday, October 5th will be issued a $0.93 dividend. The ex-dividend date of this dividend is Thursday, October 4th. This represents a $3.72 annualized dividend and a yield of 1.91%. General Dynamics’s dividend payout ratio (DPR) is 37.39%.

In other General Dynamics news, insider John Patrick Casey sold 22,500 shares of the firm’s stock in a transaction that occurred on Monday, July 16th. The shares were sold at an average price of $191.99, for a total transaction of $4,319,775.00. Following the sale, the insider now owns 118,555 shares of the company’s stock, valued at $22,761,374.45. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.70% of the stock is owned by company insiders.

Several research firms have recently commented on GD. Zacks Investment Research lowered shares of General Dynamics from a “hold” rating to a “sell” rating in a research note on Tuesday, June 26th. Barclays reissued an “overweight” rating and issued a $256.00 price objective on shares of General Dynamics in a research note on Thursday, June 14th. Drexel Hamilton reissued a “buy” rating and issued a $230.00 price objective on shares of General Dynamics in a research note on Thursday, August 16th. Morgan Stanley lowered their price objective on shares of General Dynamics from $215.00 to $207.00 and set an “underweight” rating for the company in a research note on Friday, June 22nd. Finally, ValuEngine lowered shares of General Dynamics from a “hold” rating to a “sell” rating in a research note on Monday, June 18th. Three analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $239.39.

General Dynamics Company Profile

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four business groups: Aerospace; Combat Systems; Information Systems and Technology; and Marine Systems. The Aerospace group designs, develops, manufactures, service and supports business-jet aircraft; and provides aircraft services, such as maintenance, aircraft management, charter, fixed-base operational, and staffing services.

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

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