Foundry Partners LLC Decreases Holdings in General Dynamics Corporation (GD)

Foundry Partners LLC lessened its position in General Dynamics Corporation (NYSE:GD) by 55.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,647 shares of the aerospace company’s stock after selling 48,880 shares during the quarter. Foundry Partners LLC’s holdings in General Dynamics Corporation were worth $7,854,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in General Dynamics Corporation by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 19,799,817 shares of the aerospace company’s stock worth $3,706,525,000 after purchasing an additional 894,177 shares in the last quarter. BlackRock Inc. grew its stake in General Dynamics Corporation by 2,645.5% during the 1st quarter. BlackRock Inc. now owns 15,509,344 shares of the aerospace company’s stock worth $2,903,351,000 after purchasing an additional 14,944,453 shares in the last quarter. Janus Capital Management LLC grew its stake in General Dynamics Corporation by 22.1% during the 1st quarter. Janus Capital Management LLC now owns 4,148,390 shares of the aerospace company’s stock worth $776,563,000 after purchasing an additional 749,793 shares in the last quarter. Geode Capital Management LLC grew its stake in General Dynamics Corporation by 5.1% during the 1st 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 grew its stake in General Dynamics Corporation by 8.3% during the 1st 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. Hedge funds and other institutional investors own 86.19% of the company’s stock.

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Several research analysts recently commented on GD shares. ValuEngine raised 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 set a $220.00 target price on shares of General Dynamics Corporation in a research note on Friday, June 2nd. UBS AG reissued a “buy” rating and set a $225.00 target price (up from $215.00) on shares of General Dynamics Corporation in a research note 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 research note on Tuesday, June 27th. Finally, BidaskClub cut General Dynamics Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 27th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $206.59.

Shares of General Dynamics Corporation (NYSE:GD) traded up 0.32% during mid-day trading on Friday, hitting $198.27. The company had a trading volume of 2,095,613 shares. The stock’s 50-day moving average is $198.99 and its 200-day moving average is $196.26. General Dynamics Corporation has a 52-week low of $148.76 and a 52-week high of $205.90. The stock 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 posted its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $2.45 EPS for the quarter, topping the Zacks’ consensus estimate of $2.43 by $0.02. The business had revenue of $7.68 billion during the quarter, compared to the consensus estimate of $7.76 billion. General Dynamics Corporation had a return on equity of 28.17% and a net margin of 9.63%. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period last year, the firm earned $2.30 earnings per share. Equities analysts forecast that General Dynamics Corporation will post $9.80 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 10th. Investors of record on Friday, October 6th will be paid a $0.84 dividend. The ex-dividend date is Thursday, October 5th. This represents a $3.36 dividend on an annualized basis and a yield of 1.69%. General Dynamics Corporation’s dividend payout ratio (DPR) is 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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