Sciencast Management LP Has $1.32 Million Stake in General Dynamics Corporation (GD)

Sciencast Management LP lifted its stake in General Dynamics Corporation (NYSE:GD) by 15.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,660 shares of the aerospace company’s stock after buying an additional 911 shares during the period. General Dynamics Corporation makes up 0.7% of Sciencast Management LP’s portfolio, making the stock its 13th biggest position. Sciencast Management LP’s holdings in General Dynamics Corporation were worth $1,319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. State of Wisconsin Investment Board boosted its holdings in General Dynamics Corporation by 137.3% in the first quarter. State of Wisconsin Investment Board now owns 296,783 shares of the aerospace company’s stock valued at $55,558,000 after purchasing an additional 171,699 shares during the last quarter. Lipe & Dalton boosted its holdings in General Dynamics Corporation by 6.6% in the first quarter. Lipe & Dalton now owns 1,625 shares of the aerospace company’s stock valued at $304,000 after purchasing an additional 101 shares during the last quarter. Mutual of America Capital Management LLC boosted its holdings in General Dynamics Corporation by 1.8% in the first quarter. Mutual of America Capital Management LLC now owns 34,279 shares of the aerospace company’s stock valued at $6,417,000 after purchasing an additional 617 shares during the last quarter. Outfitter Advisors LTD. boosted its holdings in General Dynamics Corporation by 0.5% in the first quarter. Outfitter Advisors LTD. now owns 8,970 shares of the aerospace company’s stock valued at $1,679,000 after purchasing an additional 45 shares during the last quarter. Finally, Pitcairn Co. boosted its holdings in General Dynamics Corporation by 35.6% in the first quarter. Pitcairn Co. now owns 7,075 shares of the aerospace company’s stock valued at $1,324,000 after purchasing an additional 1,856 shares during the last quarter. 86.17% of the stock is owned by institutional investors.

Shares of General Dynamics Corporation (NYSE:GD) opened at 213.34 on Friday. The firm has a market capitalization of $63.96 billion, a PE ratio of 21.08 and a beta of 0.72. The stock’s 50 day moving average price is $204.39 and its 200-day moving average price is $198.86. General Dynamics Corporation has a 12 month low of $148.76 and a 12 month high of $214.81.

General Dynamics Corporation (NYSE:GD) last released its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.02. The company had revenue of $7.68 billion for 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 company’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.30 earnings per share. On average, equities analysts anticipate that General Dynamics Corporation will post $9.81 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Friday, October 6th will be issued a dividend of $0.84 per share. 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 payout ratio is 34.57%.

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Several brokerages have issued reports on GD. Zacks Investment Research cut General Dynamics Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. BidaskClub cut General Dynamics Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Cowen and Company restated a “buy” rating and set a $210.00 price objective on shares of General Dynamics Corporation in a research note on Monday, July 17th. Morgan Stanley began coverage on General Dynamics Corporation in a research note on Tuesday, August 8th. They set an “underweight” rating and a $185.00 price objective on the stock. Finally, Citigroup Inc. restated a “neutral” rating and set a $210.00 price objective (up previously from $207.00) on shares of General Dynamics Corporation in a research note on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. General Dynamics Corporation has a consensus rating of “Buy” and a consensus target price of $209.45.

General Dynamics Corporation Company Profile

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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