Sfmg LLC acquired a new position in shares of General Dynamics Co. (NYSE:GD) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,242 shares of the aerospace company’s stock, valued at approximately $236,000.

A number of other hedge funds also recently added to or reduced their stakes in GD. Ellis Investment Partners LLC boosted its position in General Dynamics by 16,833.7% during the first quarter. Ellis Investment Partners LLC now owns 960,820 shares of the aerospace company’s stock worth $960,000 after purchasing an additional 955,146 shares during the period. Thoroughbred Financial Services LLC boosted its position in General Dynamics by 18,507.6% during the second quarter. Thoroughbred Financial Services LLC now owns 926,285 shares of the aerospace company’s stock worth $92,628,000 after purchasing an additional 921,307 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its position in General Dynamics by 8.1% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,365,297 shares of the aerospace company’s stock worth $569,677,000 after purchasing an additional 252,900 shares during the period. Longview Asset Management LLC boosted its position in General Dynamics by 0.7% during the first quarter. Longview Asset Management LLC now owns 32,898,410 shares of the aerospace company’s stock worth $5,569,043,000 after purchasing an additional 215,179 shares during the period. Finally, Conning Inc. boosted its position in General Dynamics by 2,626.5% during the second quarter. Conning Inc. now owns 210,949 shares of the aerospace company’s stock worth $38,355,000 after purchasing an additional 203,212 shares during the period. 87.03% of the stock is owned by hedge funds and other institutional investors.

In related news, VP Gary L. Whited sold 14,029 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $188.38, for a total transaction of $2,642,783.02. Following the completion of the sale, the vice president now owns 37,542 shares of the company’s stock, valued at $7,072,161.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William A. Osborn sold 1,500 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $182.56, for a total transaction of $273,840.00. Following the sale, the director now directly owns 37,585 shares of the company’s stock, valued at approximately $6,861,517.60. The disclosure for this sale can be found here. Corporate insiders own 7.10% of the company’s stock.

Shares of General Dynamics stock traded down $0.46 during trading on Tuesday, reaching $187.13. The company’s stock had a trading volume of 336,317 shares, compared to its average volume of 1,075,224. The business’s 50-day moving average price is $184.04 and its 200-day moving average price is $174.57. The firm has a market cap of $53.94 billion, a PE ratio of 16.39, a P/E/G ratio of 1.78 and a beta of 1.21. General Dynamics Co. has a 52 week low of $143.87 and a 52 week high of $207.72. The company has a quick ratio of 0.73, a current ratio of 1.09 and a debt-to-equity ratio of 0.70.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, July 24th. The aerospace company reported $2.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.68 by $0.09. General Dynamics had a net margin of 8.65% and a return on equity of 26.81%. The business had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.36 billion. During the same quarter in the prior year, the business posted $2.82 earnings per share. General Dynamics’s revenue was up 4.0% compared to the same quarter last year. Equities analysts predict that General Dynamics Co. will post 11.86 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 11th will be given a dividend of $1.02 per share. The ex-dividend date is Thursday, October 10th. This represents a $4.08 annualized dividend and a yield of 2.18%. General Dynamics’s dividend payout ratio is 35.73%.

A number of equities analysts have commented on the stock. Cowen reaffirmed a “buy” rating and set a $202.00 price objective on shares of General Dynamics in a research report on Wednesday, April 24th. Goldman Sachs Group raised shares of General Dynamics from a “neutral” rating to a “buy” rating and set a $204.00 target price for the company in a research report on Sunday, May 19th. Robert W. Baird boosted their target price on shares of General Dynamics from $188.00 to $218.00 and gave the company an “outperform” rating in a research report on Wednesday, July 10th. ValuEngine raised shares of General Dynamics from a “sell” rating to a “hold” rating in a research report on Thursday, June 6th. Finally, Zacks Investment Research raised shares of General Dynamics from a “hold” rating to a “buy” rating and set a $171.00 target price for the company in a research report on Monday, June 3rd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $191.47.

General Dynamics Profile

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates in five segments: Aerospace, Combat Systems, Information Technology, Mission Systems, and Marine Systems. The Aerospace segment designs, manufactures, and supports business-jet aircraft; and offers business-aviation services, including maintenance, fixed-base operation, government fleet, aircraft management, charter, and staffing services, as well as integrated aviation solutions.

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

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