General Dynamics Corporation (GD) Holdings Reduced by First Allied Advisory Services Inc.

First Allied Advisory Services Inc. trimmed its position in shares of General Dynamics Corporation (NYSE:GD) by 6.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,388 shares of the aerospace company’s stock after selling 584 shares during the quarter. First Allied Advisory Services Inc.’s holdings in General Dynamics Corporation were worth $1,664,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. QS Investors LLC lifted its position in shares of General Dynamics Corporation by 0.7% during the second quarter. QS Investors LLC now owns 50,288 shares of the aerospace company’s stock worth $9,962,000 after purchasing an additional 342 shares during the last quarter. Frontier Wealth Management LLC lifted its position in shares of General Dynamics Corporation by 4.5% during the second quarter. Frontier Wealth Management LLC now owns 2,331 shares of the aerospace company’s stock worth $462,000 after purchasing an additional 101 shares during the last quarter. InterOcean Capital LLC lifted its position in shares of General Dynamics Corporation by 14.7% during the second quarter. InterOcean Capital LLC now owns 1,239 shares of the aerospace company’s stock worth $245,000 after purchasing an additional 159 shares during the last quarter. Stifel Financial Corp lifted its position in shares of General Dynamics Corporation by 8.8% during the second quarter. Stifel Financial Corp now owns 93,082 shares of the aerospace company’s stock worth $18,476,000 after purchasing an additional 7,531 shares during the last quarter. Finally, RKL Wealth Management LLC lifted its position in shares of General Dynamics Corporation by 22.9% during the second quarter. RKL Wealth Management LLC now owns 2,586 shares of the aerospace company’s stock worth $515,000 after purchasing an additional 482 shares during the last quarter. 86.17% of the stock is owned by institutional investors.

Several research firms recently weighed in on GD. Citigroup Inc. restated a “neutral” rating and issued a $215.00 price objective (up from $210.00) on shares of General Dynamics Corporation in a report on Monday. ValuEngine lowered General Dynamics Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Deutsche Bank AG restated a “hold” rating and set a $210.00 price target (up previously from $200.00) on shares of General Dynamics Corporation in a research note on Monday, October 2nd. Zacks Investment Research upgraded General Dynamics Corporation from a “hold” rating to a “buy” rating and set a $230.00 price target on the stock in a research note on Monday, October 2nd. Finally, Jefferies Group LLC restated a “buy” rating on shares of General Dynamics Corporation in a research note on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $209.45.

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General Dynamics Corporation (NYSE GD) opened at 212.55 on Wednesday. General Dynamics Corporation has a 1-year low of $148.76 and a 1-year high of $214.11. The firm has a market capitalization of $63.72 billion, a P/E ratio of 21.00 and a beta of 0.72. The company has a 50-day moving average price of $203.27 and a 200 day moving average price of $198.45.

General Dynamics Corporation (NYSE:GD) last issued its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.02. The firm 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%. General Dynamics Corporation’s revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.30 earnings per share. Analysts expect that General Dynamics Corporation will post $9.80 earnings per share for the current fiscal year.

The company 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. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $3.36 annualized dividend and a yield of 1.58%. General Dynamics Corporation’s dividend payout ratio is presently 34.57%.

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.

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

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