Murphy Pohlad Asset Management LLC Has $417,000 Stake in General Dynamics Corporation (GD)

Murphy Pohlad Asset Management LLC decreased its stake in shares of General Dynamics Corporation (NYSE:GD) by 6.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,109 shares of the aerospace company’s stock after selling 155 shares during the period. Murphy Pohlad Asset Management LLC’s holdings in General Dynamics Corporation were worth $417,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position 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 during the period. BlackRock Inc. boosted its holdings in 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 acquiring an additional 14,944,453 shares during the last quarter. Janus Capital Management LLC boosted its holdings in 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 acquiring an additional 749,793 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of General Dynamics Corporation by 5.1% during the first quarter. Geode Capital Management LLC now owns 2,920,756 shares of the aerospace company’s stock worth $546,040,000 after purchasing an additional 141,305 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of General Dynamics Corporation by 8.3% during the first quarter. Bank of New York Mellon Corp now owns 2,801,405 shares of the aerospace company’s stock worth $524,423,000 after purchasing an additional 214,825 shares in the last quarter. 86.19% of the stock is owned by institutional investors.

General Dynamics Corporation (GD) traded up 0.28% during trading on Friday, hitting $198.19. 296,740 shares of the stock were exchanged. General Dynamics Corporation has a 12-month low of $148.76 and a 12-month high of $205.90. The firm has a market capitalization of $59.42 billion, a PE ratio of 19.58 and a beta of 0.71. The stock has a 50 day moving average price of $198.86 and a 200-day moving average price of $196.20.

General Dynamics Corporation (NYSE:GD) last issued its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share for the quarter, topping 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 company had revenue of $7.68 billion during the quarter, compared to the consensus estimate of $7.76 billion. During the same quarter in the prior year, the firm posted $2.30 EPS. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. On average, equities research analysts anticipate that General Dynamics Corporation will post $9.80 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Friday, October 6th will be issued 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 dividend payout ratio (DPR) is presently 34.57%.

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GD has been the topic of a number of recent research reports. ValuEngine upgraded General Dynamics Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Royal Bank Of Canada reiterated a “buy” rating and issued a $220.00 price target on shares of General Dynamics Corporation in a research note on Friday, June 2nd. UBS AG reissued a “buy” rating and issued a $225.00 price objective (up from $215.00) on shares of General Dynamics Corporation in a report on Monday, June 12th. Zacks Investment Research raised General Dynamics Corporation from a “hold” rating to a “buy” rating and set a $224.00 price objective for the company in a report on Tuesday, June 27th. Finally, BidaskClub lowered General Dynamics Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 27th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $206.59.

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.

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

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