General Dynamics Corporation (GD) Position Held by Barings LLC

Barings LLC continued to hold its stake in General Dynamics Corporation (NYSE:GD) during the second quarter, according to its most recent filing with the SEC. The firm owned 6,010 shares of the aerospace company’s stock at the end of the second quarter. Barings LLC’s holdings in General Dynamics Corporation were worth $1,125,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in General Dynamics Corporation by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 20,176,505 shares of the aerospace company’s stock valued at $3,996,966,000 after acquiring an additional 376,688 shares during the period. Capital Research Global Investors boosted its holdings in General Dynamics Corporation by 4.5% during the 2nd quarter. Capital Research Global Investors now owns 16,792,408 shares of the aerospace company’s stock valued at $3,326,576,000 after acquiring an additional 725,896 shares during the period. BlackRock Inc. boosted its holdings in General Dynamics Corporation by 5.3% during the 2nd quarter. BlackRock Inc. now owns 16,338,831 shares of the aerospace company’s stock valued at $3,236,720,000 after acquiring an additional 829,487 shares during the period. Janus Capital Management LLC boosted its holdings in General Dynamics Corporation by 22.1% during 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 period. Finally, Franklin Resources Inc. boosted its holdings in General Dynamics Corporation by 1.9% during the 2nd quarter. Franklin Resources Inc. now owns 3,786,244 shares of the aerospace company’s stock valued at $750,055,000 after acquiring an additional 71,287 shares during the period. Institutional investors own 86.17% of the company’s stock.

Shares of General Dynamics Corporation (NYSE:GD) opened at 213.72 on Friday. General Dynamics Corporation has a 12 month low of $148.76 and a 12 month high of $214.11. The firm has a market cap of $64.07 billion, a price-to-earnings ratio of 21.11 and a beta of 0.72. The stock’s 50 day moving average price is $204.00 and its 200 day moving average price is $198.66.

General Dynamics Corporation (NYSE:GD) last issued its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.02. The firm 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%. General Dynamics Corporation’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.30 earnings per share. Equities research analysts predict that General Dynamics Corporation will post $9.81 earnings per share for the current fiscal year.

The firm also recently declared 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. 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 currently 34.57%.

GD has been the subject of a number of research analyst reports. BidaskClub cut General Dynamics Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 27th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $220.00 price target on shares of General Dynamics Corporation in a research report on Friday, July 7th. Berenberg Bank began coverage on General Dynamics Corporation in a research report on Wednesday, July 12th. They issued a “buy” rating and a $230.00 price target on the stock. Zacks Investment Research lowered General Dynamics Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $210.00 price target on shares of General Dynamics Corporation in a research report on Monday, July 17th. Two investment 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’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $209.45.

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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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