Thompson Siegel & Walmsley LLC maintained its stake in shares of General Dynamics Corporation (NYSE:GD) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,250 shares of the aerospace company’s stock at the end of the second quarter. Thompson Siegel & Walmsley LLC’s holdings in General Dynamics Corporation were worth $248,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of GD. Ruggie Capital Group acquired a new position in General Dynamics Corporation in the 1st quarter valued at about $119,000. Zions Bancorporation increased its position in General Dynamics Corporation by 0.5% in the 1st quarter. Zions Bancorporation now owns 732 shares of the aerospace company’s stock valued at $137,000 after acquiring an additional 4 shares during the period. Global X Management Co. LLC increased its position in General Dynamics Corporation by 59.8% in the 1st quarter. Global X Management Co. LLC now owns 759 shares of the aerospace company’s stock valued at $142,000 after acquiring an additional 284 shares during the period. Central Bank & Trust Co. increased its position in General Dynamics Corporation by 5.7% in the 2nd quarter. Central Bank & Trust Co. now owns 922 shares of the aerospace company’s stock valued at $183,000 after acquiring an additional 50 shares during the period. Finally, First Command Bank increased its position in General Dynamics Corporation by 31.3% in the 2nd quarter. First Command Bank now owns 952 shares of the aerospace company’s stock valued at $189,000 after acquiring an additional 227 shares during the period. Hedge funds and other institutional investors own 86.18% of the company’s stock.
Several brokerages recently issued reports on GD. BidaskClub cut General Dynamics Corporation from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 16th. Zacks Investment Research upgraded General Dynamics Corporation from a “hold” rating to a “buy” rating and set a $224.00 price target on the stock in a research report on Tuesday, June 27th. Royal Bank Of Canada restated a “buy” rating and issued a $220.00 price target on shares of General Dynamics Corporation in a research report on Friday, June 2nd. Morgan Stanley began coverage on General Dynamics Corporation in a research report on Tuesday, August 8th. They issued an “underweight” rating and a $185.00 price target on the stock. Finally, UBS AG restated a “buy” rating and issued a $225.00 price target (up previously from $215.00) on shares of General Dynamics Corporation in a research report 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 currently has an average rating of “Buy” and a consensus price target of $206.59.
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Shares of General Dynamics Corporation (NYSE GD) opened at 204.27 on Thursday. General Dynamics Corporation has a 52 week low of $148.76 and a 52 week high of $205.90. The stock has a market cap of $61.24 billion, a price-to-earnings ratio of 20.18 and a beta of 0.71. The stock’s 50 day moving average price is $199.30 and its 200 day moving average price is $196.51.
General Dynamics Corporation (NYSE:GD) last posted its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $2.45 EPS for the quarter, beating the Zacks’ 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 business had revenue of $7.68 billion for the quarter, compared to analyst estimates of $7.76 billion. During the same quarter last year, the business earned $2.30 earnings per share. The business’s revenue for the quarter was down 1.3% on a year-over-year basis. Equities research analysts anticipate that General Dynamics Corporation will post $9.80 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Investors of record on Friday, October 6th will be paid a dividend of $0.84 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.64%. General Dynamics Corporation’s dividend payout ratio is presently 34.57%.
About General Dynamics Corporation
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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