HighVista Strategies LLC Reduces Holdings in General Dynamics Corporation (GD)

HighVista Strategies LLC lessened its stake in shares of General Dynamics Corporation (NYSE:GD) by 29.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,677 shares of the aerospace company’s stock after selling 6,900 shares during the period. General Dynamics Corporation accounts for approximately 0.8% of HighVista Strategies LLC’s holdings, making the stock its 27th biggest position. HighVista Strategies LLC’s holdings in General Dynamics Corporation were worth $3,304,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GD. BlackRock Inc. boosted its holdings in shares of 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 valued at $2,903,351,000 after purchasing an additional 14,944,453 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of General Dynamics Corporation by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 19,799,817 shares of the aerospace company’s stock valued at $3,706,525,000 after acquiring an additional 894,177 shares during the last quarter. Janus Capital Management LLC lifted its holdings in shares of General Dynamics Corporation by 22.1% in the 1st 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. TIAA CREF Investment Management LLC lifted its holdings in shares of General Dynamics Corporation by 59.6% in the 1st quarter. TIAA CREF Investment Management LLC now owns 1,809,357 shares of the aerospace company’s stock valued at $338,712,000 after acquiring an additional 675,324 shares during the last quarter. Finally, Teachers Advisors LLC lifted its holdings in shares of General Dynamics Corporation by 92.8% in the 1st quarter. Teachers Advisors LLC now owns 578,526 shares of the aerospace company’s stock valued at $108,300,000 after acquiring an additional 278,394 shares during the last quarter. 86.17% of the stock is owned by institutional investors and hedge funds.

GD has been the subject of a number of analyst reports. BidaskClub raised shares of General Dynamics Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $220.00 price target on shares of General Dynamics Corporation in a report on Friday, July 7th. UBS AG reaffirmed 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. Berenberg Bank initiated coverage on shares of General Dynamics Corporation in a report on Wednesday, July 12th. They issued a “buy” rating and a $230.00 price target for the company. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $210.00 price target on shares of General Dynamics Corporation in a report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $209.45.

General Dynamics Corporation (NYSE GD) opened at 213.53 on Tuesday. The stock has a 50 day moving average of $202.87 and a 200 day moving average of $198.26. General Dynamics Corporation has a one year low of $148.76 and a one year high of $214.11. The firm has a market capitalization of $64.01 billion, a price-to-earnings ratio of 21.10 and a beta of 0.72.

General Dynamics Corporation (NYSE:GD) last released its earnings results on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $7.76 billion. During the same period in the previous year, the firm earned $2.30 earnings per share. General Dynamics Corporation’s revenue was down 1.3% compared to the same quarter last year. Analysts forecast that General Dynamics Corporation will post $9.80 earnings per share for the current year.

The business 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 $0.84 dividend. The ex-dividend date

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GD. BlackRock Inc. boosted its holdings in shares of 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 valued at $2,903,351,000 after purchasing an additional 14,944,453 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of General Dynamics Corporation by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 19,799,817 shares of the aerospace company’s stock valued at $3,706,525,000 after acquiring an additional 894,177 shares during the last quarter. Janus Capital Management LLC lifted its holdings in shares of General Dynamics Corporation by 22.1% in the 1st 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. TIAA CREF Investment Management LLC lifted its holdings in shares of General Dynamics Corporation by 59.6% in the 1st quarter. TIAA CREF Investment Management LLC now owns 1,809,357 shares of the aerospace company’s stock valued at $338,712,000 after acquiring an additional 675,324 shares during the last quarter. Finally, Teachers Advisors LLC lifted its holdings in shares of General Dynamics Corporation by 92.8% in the 1st quarter. Teachers Advisors LLC now owns 578,526 shares of the aerospace company’s stock valued at $108,300,000 after acquiring an additional 278,394 shares during the last quarter. 86.17% of the stock is owned by institutional investors and hedge funds.

GD has been the subject of a number of analyst reports. BidaskClub raised shares of General Dynamics Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $220.00 price target on shares of General Dynamics Corporation in a report on Friday, July 7th. UBS AG reaffirmed 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. Berenberg Bank initiated coverage on shares of General Dynamics Corporation in a report on Wednesday, July 12th. They issued a “buy” rating and a $230.00 price target for the company. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $210.00 price target on shares of General Dynamics Corporation in a report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $209.45.

General Dynamics Corporation (NYSE GD) opened at 213.53 on Tuesday. The stock has a 50 day moving average of $202.87 and a 200 day moving average of $198.26. General Dynamics Corporation has a one year low of $148.76 and a one year high of $214.11. The firm has a market capitalization of $64.01 billion, a price-to-earnings ratio of 21.10 and a beta of 0.72.

General Dynamics Corporation (NYSE:GD) last released its earnings results on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $7.76 billion. During the same period in the previous year, the firm earned $2.30 earnings per share. General Dynamics Corporation’s revenue was down 1.3% compared to the same quarter last year. Analysts forecast that General Dynamics Corporation will post $9.80 earnings per share for the current year.

The business 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 $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 1.57%. General Dynamics Corporation’s payout ratio is 34.57%.

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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.

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

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