General Dynamics Corporation (GD) Shares Sold by Freestone Capital Holdings LLC

Freestone Capital Holdings LLC lessened its position in General Dynamics Corporation (NYSE:GD) by 6.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 104,693 shares of the aerospace company’s stock after selling 6,946 shares during the quarter. General Dynamics Corporation makes up about 1.7% of Freestone Capital Holdings LLC’s holdings, making the stock its 14th biggest holding. Freestone Capital Holdings LLC’s holdings in General Dynamics Corporation were worth $20,739,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of GD. Bbva Compass Bancshares Inc. lifted its position in shares of General Dynamics Corporation by 0.5% in the 1st quarter. Bbva Compass Bancshares Inc. now owns 14,618 shares of the aerospace company’s stock valued at $2,736,000 after acquiring an additional 76 shares in the last quarter. Moody Lynn & Lieberson LLC lifted its position in shares of General Dynamics Corporation by 162.0% in the 1st quarter. Moody Lynn & Lieberson LLC now owns 28,351 shares of the aerospace company’s stock valued at $5,307,000 after acquiring an additional 17,531 shares in the last quarter. Girard Partners LTD. lifted its position in shares of General Dynamics Corporation by 2.5% in the 1st quarter. Girard Partners LTD. now owns 3,482 shares of the aerospace company’s stock valued at $652,000 after acquiring an additional 84 shares in the last quarter. HPM Partners LLC purchased a new stake in shares of General Dynamics Corporation in the 1st quarter valued at approximately $569,000. Finally, Pekin Singer Strauss Asset Management IL lifted its position in shares of General Dynamics Corporation by 5.8% in the 1st quarter. Pekin Singer Strauss Asset Management IL now owns 8,165 shares of the aerospace company’s stock valued at $1,528,000 after acquiring an additional 445 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

General Dynamics Corporation (NYSE:GD) opened at 205.41 on Friday. The stock’s 50 day moving average is $199.30 and its 200 day moving average is $196.51. General Dynamics Corporation has a 52 week low of $148.76 and a 52 week high of $206.51. The firm has a market cap of $61.58 billion, a price-to-earnings ratio of 20.29 and a beta of 0.71.

General Dynamics Corporation (NYSE:GD) last announced its quarterly earnings data 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 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%. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.30 earnings per share. Equities research analysts expect that General Dynamics Corporation will post $9.80 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Friday, October 6th will be given a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Thursday, October 5th. General Dynamics Corporation’s dividend payout ratio is presently 34.57%.

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GD has been the subject of several research analyst reports. Cowen and Company restated a “buy” rating and issued a $210.00 price target on shares of General Dynamics Corporation in a research report on Monday, July 17th. ValuEngine upgraded shares of General Dynamics Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub upgraded shares of General Dynamics Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research downgraded shares of General Dynamics Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, Berenberg Bank began coverage on shares of General Dynamics Corporation in a research report on Wednesday, July 12th. They issued a “buy” rating and a $230.00 target price for the company. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $206.59.

General Dynamics Corporation Company 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.

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

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