Penobscot Investment Management Company Inc. Holds Stake in General Dynamics Corporation (NYSE:GD)

Penobscot Investment Management Company Inc. maintained its position in shares of General Dynamics Corporation (NYSE:GD) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,186 shares of the aerospace company’s stock at the close of the second quarter. Penobscot Investment Management Company Inc.’s holdings in General Dynamics Corporation were worth $631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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 boosted its holdings in General Dynamics Corporation by 5.1% in the first quarter. Geode Capital Management LLC now owns 2,920,756 shares of the aerospace company’s stock valued at $546,040,000 after acquiring an additional 141,305 shares during 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.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by BBNS and is the sole property of of BBNS. If you are accessing this report on another domain, it was illegally copied and reposted in violation of US & international copyright & trademark law. The correct version of this report can be accessed at https://baseballnewssource.com/markets/penobscot-investment-management-company-inc-has-631000-position-in-general-dynamics-corporation-gd/1601296.html.

Shares of General Dynamics Corporation (NYSE GD) traded up 0.28% during mid-day trading on Friday, reaching $198.19. 296,740 shares of the company’s stock traded hands. General Dynamics Corporation has a 52 week low of $148.76 and a 52 week high of $205.90. The firm has a market cap of $59.42 billion, a price-to-earnings ratio of 19.58 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 quarterly earnings data on Wednesday, July 26th. The aerospace company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.43 by $0.02. The business had revenue of $7.68 billion for the quarter, compared to analysts’ expectations of $7.76 billion. General Dynamics Corporation had a net margin of 9.63% and a return on equity of 28.17%. The firm’s revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.30 EPS. Equities analysts expect that General Dynamics Corporation will post $9.80 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Friday, October 6th will be paid 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 1.70%. General Dynamics Corporation’s dividend payout ratio is presently 34.57%.

Several research analysts recently commented on GD shares. 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 reissued a “buy” rating and issued a $220.00 price objective on shares of General Dynamics Corporation in a report on Friday, June 2nd. UBS AG reaffirmed a “buy” rating and set a $225.00 target price (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 target price 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 equities research 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. General Dynamics Corporation presently has an average 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)

Receive News & Ratings for General Dynamics Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Dynamics Corporation and related companies with our FREE daily email newsletter.

 


Latest News

Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22
Tigers Player Might Play All Nine Positions During Same Game
Tigers Player Might Play All Nine Positions During Same Game
Fans Kicked Out of Fenway Park After Racist Banner Hung on Green Monster
Fans Kicked Out of Fenway Park After Racist Banner Hung on Green Monster


Leave a Reply

 
© 2006-2017 BBNS.