HPM Partners LLC grew its holdings in General Dynamics Corporation (NYSE:GD) by 282.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,623 shares of the aerospace company’s stock after buying an additional 8,586 shares during the quarter. HPM Partners LLC’s holdings in General Dynamics Corporation were worth $251,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Ruggie Capital Group bought a new position in General Dynamics Corporation in the first quarter valued at about $119,000. Zions Bancorporation boosted its holdings in General Dynamics Corporation by 0.5% in the first quarter. Zions Bancorporation now owns 732 shares of the aerospace company’s stock valued at $137,000 after acquiring an additional 4 shares during the last quarter. Global X Management Co. LLC boosted its holdings in General Dynamics Corporation by 59.8% in the first quarter. Global X Management Co. LLC now owns 759 shares of the aerospace company’s stock valued at $142,000 after acquiring an additional 284 shares during the last quarter. Central Bank & Trust Co. boosted its holdings in General Dynamics Corporation by 5.7% in the second quarter. Central Bank & Trust Co. now owns 922 shares of the aerospace company’s stock valued at $183,000 after acquiring an additional 50 shares during the last quarter. Finally, First Command Bank boosted its holdings in General Dynamics Corporation by 31.3% in the second quarter. First Command Bank now owns 952 shares of the aerospace company’s stock valued at $189,000 after acquiring an additional 227 shares during the last quarter. Institutional investors own 86.18% of the company’s stock.
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General Dynamics Corporation (NYSE GD) opened at 205.41 on Monday. General Dynamics Corporation has a one year low of $148.76 and a one year high of $206.57. The firm’s 50-day moving average price is $199.30 and its 200-day moving average price is $196.51. The company has a market cap of $61.58 billion, a PE ratio of 20.29 and a beta of 0.71.
General Dynamics Corporation (NYSE:GD) last issued its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.02. The company had revenue of $7.68 billion during the quarter, compared to analysts’ expectations of $7.76 billion. General Dynamics Corporation had a return on equity of 28.17% and a net margin of 9.63%. The business’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.30 earnings per share. On average, equities research analysts forecast that General Dynamics Corporation will post $9.80 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 10th. Stockholders 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 annualized dividend and a dividend yield of 1.64%. General Dynamics Corporation’s payout ratio is 34.57%.
Several research firms recently issued reports on GD. UBS AG reiterated a “buy” rating and issued a $225.00 price target (up previously from $215.00) on shares of General Dynamics Corporation in a report on Monday, June 12th. BidaskClub upgraded General Dynamics Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Jefferies Group LLC reiterated a “buy” rating on shares of General Dynamics Corporation in a report on Friday, August 11th. Zacks Investment Research cut General Dynamics Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Morgan Stanley began coverage on General Dynamics Corporation in a report on Tuesday, August 8th. They issued an “underweight” rating and a $185.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. General Dynamics Corporation presently has an average rating of “Buy” and a consensus 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.
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