First Personal Financial Services Has $241,000 Position in General Dynamics Corporation (GD)

First Personal Financial Services lifted its holdings in shares of General Dynamics Corporation (NYSE:GD) by 22.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,216 shares of the aerospace company’s stock after buying an additional 223 shares during the quarter. First Personal Financial Services’ holdings in General Dynamics Corporation were worth $241,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Ruggie Capital Group purchased a new stake in shares of General Dynamics Corporation during the 1st quarter valued at $119,000. Zions Bancorporation raised its position in shares of General Dynamics Corporation by 0.5% during the 1st quarter. Zions Bancorporation now owns 732 shares of the aerospace company’s stock valued at $137,000 after buying an additional 4 shares in the last quarter. Global X Management Co. LLC raised its position in shares of General Dynamics Corporation by 59.8% during the 1st quarter. Global X Management Co. LLC now owns 759 shares of the aerospace company’s stock valued at $142,000 after buying an additional 284 shares in the last quarter. Central Bank & Trust Co. raised its position in shares of General Dynamics Corporation by 33.9% during the 1st quarter. Central Bank & Trust Co. now owns 872 shares of the aerospace company’s stock valued at $164,000 after buying an additional 221 shares in the last quarter. Finally, First Command Bank raised its position in shares of General Dynamics Corporation by 31.3% during the 2nd quarter. First Command Bank now owns 952 shares of the aerospace company’s stock valued at $189,000 after buying an additional 227 shares in the last quarter. Institutional investors own 86.19% of the company’s stock.

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Several analysts have recently weighed in on the stock. ValuEngine upgraded shares of General Dynamics Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Jefferies Group LLC reaffirmed a “buy” rating on shares of General Dynamics Corporation in a report on Friday, August 11th. Citigroup Inc. reaffirmed a “neutral” rating and set a $210.00 target price (up previously from $207.00) on shares of General Dynamics Corporation in a report on Friday, August 11th. BidaskClub raised shares of General Dynamics Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Finally, Morgan Stanley initiated 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. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $206.59.

Shares of General Dynamics Corporation (NYSE GD) opened at 197.61 on Friday. General Dynamics Corporation has a 1-year low of $148.76 and a 1-year high of $205.90. The stock has a market cap of $59.24 billion, a P/E ratio of 19.52 and a beta of 0.71. The company’s 50-day moving average is $198.86 and its 200-day moving average is $196.20.

General Dynamics Corporation (NYSE:GD) last posted its earnings results on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.43 by $0.02. The company had revenue of $7.68 billion for the quarter, compared to analyst estimates of $7.76 billion. General Dynamics Corporation had a return on equity of 28.17% and a net margin of 9.63%. General Dynamics Corporation’s revenue was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.30 earnings per share. Equities analysts expect 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. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date is Thursday, October 5th. General Dynamics Corporation’s payout ratio is currently 34.57%.

General Dynamics Corporation Company 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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