Texas Yale Capital Corp. Has $1,592,000 Holdings in General Dynamics Corporation (NYSE:GD)

Texas Yale Capital Corp. held its stake in General Dynamics Corporation (NYSE:GD) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,038 shares of the aerospace company’s stock at the end of the second quarter. Texas Yale Capital Corp.’s holdings in General Dynamics Corporation were worth $1,592,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. raised its stake in shares of General Dynamics Corporation by 2,645.5% in the first quarter. BlackRock Inc. now owns 15,509,344 shares of the aerospace company’s stock valued at $2,903,351,000 after purchasing an additional 14,944,453 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of General Dynamics Corporation by 4.7% in the first quarter. Vanguard Group Inc. now owns 19,799,817 shares of the aerospace company’s stock valued at $3,706,525,000 after purchasing an additional 894,177 shares in the last quarter. 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 valued at $776,563,000 after purchasing an additional 749,793 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of General Dynamics Corporation by 59.6% in the first quarter. TIAA CREF Investment Management LLC now owns 1,809,357 shares of the aerospace company’s stock valued at $338,712,000 after purchasing an additional 675,324 shares in the last quarter. Finally, Teachers Advisors LLC grew its position in General Dynamics Corporation by 92.8% in the first quarter. Teachers Advisors LLC now owns 578,526 shares of the aerospace company’s stock valued at $108,300,000 after acquiring an additional 278,394 shares during the period. Institutional investors own 86.18% of the company’s stock.

A number of analysts have weighed in on GD shares. Jefferies Group LLC reiterated a “buy” rating and issued a $220.00 price target on shares of General Dynamics Corporation in a research report on Friday, July 7th. BidaskClub cut General Dynamics Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 27th. 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. UBS AG reiterated a “buy” rating and issued a $225.00 price target (up from $215.00) on shares of General Dynamics Corporation in a research report on Monday, June 12th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $220.00 price target on shares of General Dynamics Corporation in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company’s stock. General Dynamics Corporation currently has a consensus rating of “Buy” and an average target price of $206.59.

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General Dynamics Corporation (GD) opened at 205.41 on Friday. General Dynamics Corporation has a 1-year low of $148.76 and a 1-year high of $206.51. The firm has a 50-day moving average price of $199.30 and a 200 day moving average price of $196.51. The firm has a market cap of $61.58 billion, a price-to-earnings ratio of 20.29 and a beta of 0.71.

General Dynamics Corporation (NYSE:GD) last announced its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $7.76 billion. During the same period in the previous year, the business earned $2.30 EPS. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. Equities analysts predict that General Dynamics Corporation will post $9.80 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Investors of record on Friday, October 6th will be issued a $0.84 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $3.36 dividend on an annualized basis and a yield of 1.64%. General Dynamics Corporation’s payout ratio is currently 34.57%.

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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