Gulf International Bank UK Ltd Acquires 109 Shares of General Dynamics Corporation (NYSE:GD)

Gulf International Bank UK Ltd boosted its stake in shares of General Dynamics Corporation (NYSE:GD) by 0.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 81,448 shares of the aerospace company’s stock after buying an additional 109 shares during the period. Gulf International Bank UK Ltd’s holdings in General Dynamics Corporation were worth $16,134,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of GD. Highbridge Capital Management LLC boosted its stake in General Dynamics Corporation by 492.0% in the fourth quarter. Highbridge Capital Management LLC now owns 8,233 shares of the aerospace company’s stock valued at $1,421,000 after buying an additional 10,333 shares during the last quarter. Macquarie Group Ltd. boosted its stake in General Dynamics Corporation by 117.9% in the fourth quarter. Macquarie Group Ltd. now owns 18,300 shares of the aerospace company’s stock valued at $3,160,000 after buying an additional 9,900 shares during the last quarter. Beacon Financial Group boosted its stake in General Dynamics Corporation by 10.4% in the first quarter. Beacon Financial Group now owns 8,143 shares of the aerospace company’s stock valued at $1,537,000 after buying an additional 766 shares during the last quarter. Park National Corp OH boosted its stake in General Dynamics Corporation by 34.0% in the first quarter. Park National Corp OH now owns 39,859 shares of the aerospace company’s stock valued at $7,461,000 after buying an additional 10,110 shares during the last quarter. Finally, Franklin Street Advisors Inc. NC boosted its stake in General Dynamics Corporation by 1.2% in the first quarter. Franklin Street Advisors Inc. NC now owns 6,010 shares of the aerospace company’s stock valued at $1,125,000 after buying an additional 70 shares during the last quarter. 86.77% of the stock is currently owned by institutional investors and hedge funds.

Shares of General Dynamics Corporation (GD) opened at 200.61 on Thursday. General Dynamics Corporation has a 1-year low of $148.76 and a 1-year high of $205.90. The stock has a 50 day moving average price of $199.82 and a 200 day moving average price of $194.31. The stock has a market capitalization of $60.14 billion, a price-to-earnings ratio of 19.82 and a beta of 0.71.

General Dynamics Corporation (NYSE:GD) last issued its earnings results on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $7.68 billion during the quarter, compared to analysts’ expectations of $7.76 billion. During the same quarter last year, the company posted $2.30 earnings per share. The firm’s revenue was down 1.3% compared to the same quarter last year. Equities research analysts anticipate that General Dynamics Corporation will post $9.82 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Investors of record on Friday, October 6th will be issued a dividend of $0.84 per share. The ex-dividend date is Thursday, October 5th. This represents a $3.36 annualized dividend and a dividend yield of 1.67%. General Dynamics Corporation’s dividend payout ratio (DPR) is presently 34.57%.

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A number of analysts have recently commented on GD shares. Jefferies Group LLC reissued 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 raised 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 reissued 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 reissued 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 given a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $206.59.

In other General Dynamics Corporation news, Director Lester L. Lyles sold 2,551 shares of General Dynamics Corporation stock in a transaction on Friday, May 19th. The shares were sold at an average price of $196.01, for a total value of $500,021.51. Following the completion of the transaction, the director now owns 7,336 shares of the company’s stock, valued at $1,437,929.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Christopher Marzilli sold 43,890 shares of General Dynamics Corporation stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $201.37, for a total transaction of $8,838,129.30. Following the completion of the transaction, the vice president now directly owns 107,857 shares of the company’s stock, valued at approximately $21,719,164.09. The disclosure for this sale can be found here. Company insiders own 6.70% of the company’s stock.

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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