Korea Investment CORP increased its position in General Dynamics Corporation (NYSE:GD) by 4.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 266,203 shares of the aerospace company’s stock after buying an additional 11,007 shares during the period. Korea Investment CORP owned approximately 0.09% of General Dynamics Corporation worth $52,735,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of General Dynamics Corporation by 4.7% in the first quarter. Vanguard Group Inc. now owns 19,799,817 shares of the aerospace company’s stock valued at $3,706,525,000 after buying an additional 894,177 shares during the period. BlackRock Inc. boosted its stake in shares of General Dynamics Corporation by 2,645.5% in the first quarter. BlackRock Inc. now owns 15,509,344 shares of the aerospace company’s stock valued at $2,903,351,000 after buying an additional 14,944,453 shares during the period. Janus Capital Management LLC boosted its stake in shares of General Dynamics Corporation by 22.1% in the first quarter. Janus Capital Management LLC now owns 4,148,390 shares of the aerospace company’s stock worth $776,563,000 after buying an additional 749,793 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of General Dynamics Corporation by 5.1% in the first quarter. Geode Capital Management LLC now owns 2,920,756 shares of the aerospace company’s stock worth $546,040,000 after buying an additional 141,305 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of General Dynamics Corporation by 8.3% in the first quarter. Bank of New York Mellon Corp now owns 2,801,405 shares of the aerospace company’s stock worth $524,423,000 after buying an additional 214,825 shares during the last quarter. 86.19% of the stock is owned by hedge funds and other institutional investors.

Shares of General Dynamics Corporation (NYSE GD) opened at 199.05 on Monday. The firm has a market cap of $59.67 billion, a price-to-earnings ratio of 19.67 and a beta of 0.71. General Dynamics Corporation has a 52-week low of $148.76 and a 52-week high of $205.90. The company’s 50 day moving average is $199.81 and its 200 day moving average is $195.09.

General Dynamics Corporation (NYSE:GD) last released its earnings results on Wednesday, July 26th. The aerospace company reported $2.45 EPS for the quarter, topping 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 company had revenue of $7.68 billion for the quarter, compared to analysts’ expectations of $7.76 billion. During the same quarter last year, the business earned $2.30 EPS. The firm’s revenue was down 1.3% compared to the same quarter last year. Analysts anticipate that General Dynamics Corporation will post $9.81 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Friday, October 6th will be given a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Thursday, October 5th. General Dynamics Corporation’s payout ratio is currently 34.57%.

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A number of equities research analysts have recently issued reports on GD shares. Zacks Investment Research cut shares of General Dynamics Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. BidaskClub cut shares of General Dynamics Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 27th. Berenberg Bank started coverage on shares of General Dynamics Corporation in a report on Wednesday, July 12th. They issued a “buy” rating and a $230.00 target price on the stock. ValuEngine raised shares of General Dynamics Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Sanford C. Bernstein cut shares of General Dynamics Corporation from an “outperform” rating to a “market perform” rating and set a $212.00 target price on the stock. in a report on Tuesday, May 9th. They noted that the move was a valuation call. 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 company’s stock. General Dynamics Corporation presently has an average rating of “Buy” and a consensus price target of $206.59.

In other news, VP Christopher Marzilli sold 43,890 shares of General Dynamics Corporation stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $201.37, for a total transaction of $8,838,129.30. Following the sale, the vice president now owns 107,857 shares in the company, valued at $21,719,164.09. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company 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.

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

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