General Dynamics Corporation (GD) Shares Bought by Nomura Holdings Inc.

Nomura Holdings Inc. lifted its stake in General Dynamics Corporation (NYSE:GD) by 68.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 33,974 shares of the aerospace company’s stock after purchasing an additional 13,857 shares during the quarter. Nomura Holdings Inc.’s holdings in General Dynamics Corporation were worth $6,734,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in GD. Pathstone Family Office LLC increased its holdings in General Dynamics Corporation by 100.0% in the 2nd quarter. Pathstone Family Office LLC now owns 24 shares of the aerospace company’s stock worth $4,754,000 after buying an additional 12 shares during the period. Vantage Investment Advisors LLC increased its holdings in General Dynamics Corporation by 9.3% in the 2nd quarter. Vantage Investment Advisors LLC now owns 585 shares of the aerospace company’s stock worth $116,000 after buying an additional 50 shares during the period. Ruggie Capital Group acquired a new position in General Dynamics Corporation in the 1st quarter worth approximately $119,000. Quadrant Capital Group LLC increased its holdings in General Dynamics Corporation by 6.1% in the 2nd quarter. Quadrant Capital Group LLC now owns 645 shares of the aerospace company’s stock worth $110,000 after buying an additional 37 shares during the period. Finally, Captrust Financial Advisors acquired a new position in General Dynamics Corporation in the 2nd quarter worth approximately $129,000. 86.17% of the stock is owned by hedge funds and other institutional investors.

Shares of General Dynamics Corporation (NYSE GD) opened at 212.935 on Tuesday. The company has a 50-day moving average of $204.55 and a 200-day moving average of $199.01. The firm has a market cap of $63.84 billion, a PE ratio of 21.037 and a beta of 0.72. General Dynamics Corporation has a 1-year low of $148.76 and a 1-year high of $214.81.

General Dynamics Corporation (NYSE:GD) last released its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $2.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.43 by $0.02. General Dynamics Corporation had a return on equity of 28.17% and a net margin of 9.63%. The business had revenue of $7.68 billion during the quarter, compared to analysts’ expectations of $7.76 billion. During the same quarter in the prior year, the business earned $2.30 earnings per share. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. Analysts predict that General Dynamics Corporation will post $9.81 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Investors of record on Friday, October 6th will be issued a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Thursday, October 5th. General Dynamics Corporation’s dividend payout ratio is presently 34.57%.

GD has been the topic of several research reports. Jefferies Group LLC reiterated a “buy” rating on shares of General Dynamics Corporation in a report on Friday, August 11th. Deutsche Bank AG reiterated a “hold” rating and issued a $210.00 price target (up previously from $200.00) on shares of General Dynamics Corporation in a report on Monday, October 2nd. BidaskClub upgraded shares of General Dynamics Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research downgraded shares of General Dynamics Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Finally, Citigroup Inc. reiterated a “neutral” rating and issued a $210.00 price target (up previously from $207.00) on shares of General Dynamics Corporation in a report on Friday, August 11th. Two analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $209.45.

WARNING: “General Dynamics Corporation (GD) Shares Bought by Nomura Holdings Inc.” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another site, it was stolen

Several other institutional investors also recently made changes to their positions in GD. Pathstone Family Office LLC increased its holdings in General Dynamics Corporation by 100.0% in the 2nd quarter. Pathstone Family Office LLC now owns 24 shares of the aerospace company’s stock worth $4,754,000 after buying an additional 12 shares during the period. Vantage Investment Advisors LLC increased its holdings in General Dynamics Corporation by 9.3% in the 2nd quarter. Vantage Investment Advisors LLC now owns 585 shares of the aerospace company’s stock worth $116,000 after buying an additional 50 shares during the period. Ruggie Capital Group acquired a new position in General Dynamics Corporation in the 1st quarter worth approximately $119,000. Quadrant Capital Group LLC increased its holdings in General Dynamics Corporation by 6.1% in the 2nd quarter. Quadrant Capital Group LLC now owns 645 shares of the aerospace company’s stock worth $110,000 after buying an additional 37 shares during the period. Finally, Captrust Financial Advisors acquired a new position in General Dynamics Corporation in the 2nd quarter worth approximately $129,000. 86.17% of the stock is owned by hedge funds and other institutional investors.

Shares of General Dynamics Corporation (NYSE GD) opened at 212.935 on Tuesday. The company has a 50-day moving average of $204.55 and a 200-day moving average of $199.01. The firm has a market cap of $63.84 billion, a PE ratio of 21.037 and a beta of 0.72. General Dynamics Corporation has a 1-year low of $148.76 and a 1-year high of $214.81.

General Dynamics Corporation (NYSE:GD) last released its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $2.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.43 by $0.02. General Dynamics Corporation had a return on equity of 28.17% and a net margin of 9.63%. The business had revenue of $7.68 billion during the quarter, compared to analysts’ expectations of $7.76 billion. During the same quarter in the prior year, the business earned $2.30 earnings per share. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. Analysts predict that General Dynamics Corporation will post $9.81 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Investors of record on Friday, October 6th will be issued a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Thursday, October 5th. General Dynamics Corporation’s dividend payout ratio is presently 34.57%.

GD has been the topic of several research reports. Jefferies Group LLC reiterated a “buy” rating on shares of General Dynamics Corporation in a report on Friday, August 11th. Deutsche Bank AG reiterated a “hold” rating and issued a $210.00 price target (up previously from $200.00) on shares of General Dynamics Corporation in a report on Monday, October 2nd. BidaskClub upgraded shares of General Dynamics Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research downgraded shares of General Dynamics Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Finally, Citigroup Inc. reiterated a “neutral” rating and issued a $210.00 price target (up previously from $207.00) on shares of General Dynamics Corporation in a report on Friday, August 11th. Two analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $209.45.

WARNING: “General Dynamics Corporation (GD) Shares Bought by Nomura Holdings Inc.” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another site, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The original version of this piece can be read at https://ledgergazette.com/2017/10/17/general-dynamics-corporation-gd-shares-bought-by-nomura-holdings-inc.html.

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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