General Dynamics Corporation (GD) Stake Maintained by Cornerstone Investment Partners LLC

Cornerstone Investment Partners LLC held its position in shares of General Dynamics Corporation (NYSE:GD) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,500 shares of the aerospace company’s stock at the end of the second quarter. Cornerstone Investment Partners LLC’s holdings in General Dynamics Corporation were worth $891,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of GD. Teachers Advisors LLC boosted its stake in shares of General Dynamics Corporation by 92.8% in the first quarter. Teachers Advisors LLC now owns 578,526 shares of the aerospace company’s stock valued at $108,300,000 after buying an additional 278,394 shares during the last quarter. Korea Investment CORP boosted its stake in shares of General Dynamics Corporation by 128.7% in the first quarter. Korea Investment CORP now owns 255,196 shares of the aerospace company’s stock valued at $47,773,000 after buying an additional 143,590 shares during the last quarter. HCR Wealth Advisors boosted its stake in shares of General Dynamics Corporation by 3.3% in the first quarter. HCR Wealth Advisors now owns 1,228 shares of the aerospace company’s stock valued at $230,000 after buying an additional 39 shares during the last quarter. Nwam LLC boosted its stake in shares of General Dynamics Corporation by 24.3% in the first quarter. Nwam LLC now owns 1,786 shares of the aerospace company’s stock valued at $334,000 after buying an additional 349 shares during the last quarter. Finally, Davis R M Inc. boosted its stake in shares of General Dynamics Corporation by 8.0% in the first quarter. Davis R M Inc. now owns 1,447 shares of the aerospace company’s stock valued at $271,000 after buying an additional 107 shares during the last quarter. Institutional investors own 86.77% of the company’s stock.

Shares of General Dynamics Corporation (NYSE GD) traded down 0.50% during midday trading on Thursday, reaching $199.61. The company’s stock had a trading volume of 282,938 shares. The firm has a market cap of $59.84 billion, a price-to-earnings ratio of 19.72 and a beta of 0.71. The company has a 50-day moving average price of $199.82 and a 200-day moving average price of $194.31. General Dynamics Corporation has a 12 month low of $148.76 and a 12 month high of $205.90.

General Dynamics Corporation (NYSE:GD) last released its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.30 EPS. Equities analysts expect that General Dynamics Corporation will post $9.82 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 of this dividend is Thursday, October 5th. This represents a $3.36 annualized dividend and a yield of 1.67%. General Dynamics Corporation’s dividend payout ratio (DPR) is presently 34.57%.

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Several equities research analysts recently commented on GD shares. Jefferies Group LLC reissued a “buy” rating and issued a $220.00 price target on shares of General Dynamics Corporation in a research note on Friday, July 7th. BidaskClub cut General Dynamics Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 27th. Zacks Investment Research raised General Dynamics Corporation from a “hold” rating to a “buy” rating and set a $224.00 price target for the company in a research note on Tuesday, June 27th. UBS AG reissued a “buy” rating and issued a $225.00 price target (up previously from $215.00) on shares of General Dynamics Corporation in a research note on Monday, June 12th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $220.00 price target on shares of General Dynamics Corporation in a research note on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $206.59.

In related news, VP Christopher Marzilli sold 43,890 shares of the business’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $201.37, for a total value of $8,838,129.30. Following the completion of the sale, the vice president now directly owns 107,857 shares in the company, valued at approximately $21,719,164.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lester L. Lyles sold 2,551 shares of the business’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $196.01, for a total value of $500,021.51. Following the completion of the sale, the director now owns 7,336 shares of the company’s stock, valued at $1,437,929.36. The disclosure for this sale can be found here. Insiders own 6.70% of the company’s stock.

About General Dynamics Corporation

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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