General Dynamics Corporation (NYSE:GD) Shares Sold by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. decreased its stake in shares of General Dynamics Corporation (NYSE:GD) by 0.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,164 shares of the aerospace company’s stock after selling 5 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in General Dynamics Corporation were worth $231,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Teachers Advisors LLC raised its stake in General Dynamics Corporation by 92.8% during the first quarter. Teachers Advisors LLC now owns 578,526 shares of the aerospace company’s stock valued at $108,300,000 after buying an additional 278,394 shares during the last quarter. HCR Wealth Advisors raised its stake in General Dynamics Corporation by 3.3% during the first quarter. HCR Wealth Advisors now owns 1,228 shares of the aerospace company’s stock valued at $230,000 after buying an additional 39 shares during the last quarter. Nwam LLC raised its stake in shares of General Dynamics Corporation by 24.3% in the first quarter. Nwam LLC now owns 1,786 shares of the aerospace company’s stock worth $334,000 after purchasing an additional 349 shares during the last quarter. Burney Co. raised its stake in shares of General Dynamics Corporation by 5.8% in the first quarter. Burney Co. now owns 25,410 shares of the aerospace company’s stock worth $4,757,000 after purchasing an additional 1,404 shares during the last quarter. Finally, Boston Advisors LLC raised its stake in shares of General Dynamics Corporation by 13.4% in the second quarter. Boston Advisors LLC now owns 6,760 shares of the aerospace company’s stock worth $1,339,000 after purchasing an additional 800 shares during the last quarter. Institutional investors and hedge funds own 86.19% of the company’s stock.

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Shares of General Dynamics Corporation (NYSE:GD) traded up 0.32% during midday trading on Friday, reaching $198.27. The company’s stock had a trading volume of 2,095,613 shares. General Dynamics Corporation has a one year low of $148.76 and a one year high of $205.90. The stock’s 50 day moving average price is $198.99 and its 200 day moving average price is $196.26. The firm has a market cap of $59.44 billion, a price-to-earnings ratio of 19.59 and a beta of 0.71.

General Dynamics Corporation (NYSE:GD) last announced its earnings results on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.43 by $0.02. The firm had revenue of $7.68 billion for the quarter, compared to analyst estimates of $7.76 billion. General Dynamics Corporation had a net margin of 9.63% and a return on equity of 28.17%. General Dynamics Corporation’s revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the business earned $2.30 earnings per share. Analysts predict that General Dynamics Corporation will post $9.80 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 10th. Shareholders 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 dividend yield of 1.69%. General Dynamics Corporation’s dividend payout ratio (DPR) is presently 34.57%.

Several research analysts have recently weighed in on GD shares. Cowen and Company restated a “buy” rating and issued a $210.00 price target on shares of General Dynamics Corporation in a research note on Monday, July 17th. BidaskClub upgraded General Dynamics Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 25th. ValuEngine upgraded General Dynamics Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research cut General Dynamics Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, Berenberg Bank initiated coverage on General Dynamics Corporation in a research report on Wednesday, July 12th. They set a “buy” rating and a $230.00 price objective for the company. Two 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 stock currently has a consensus rating of “Buy” and an average price target of $206.59.

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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