Dynamic Technology Lab Private Ltd Acquires 4,113 Shares of General Dynamics Corporation (NYSE:GD)

Dynamic Technology Lab Private Ltd boosted its holdings in General Dynamics Corporation (NYSE:GD) by 212.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,052 shares of the aerospace company’s stock after acquiring an additional 4,113 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in General Dynamics Corporation were worth $1,199,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. BlackRock Inc. raised its holdings in shares of General Dynamics Corporation by 2,645.5% during 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 last quarter. Janus Henderson Group PLC raised its holdings in shares of General Dynamics Corporation by 44,941.4% during the second quarter. Janus Henderson Group PLC now owns 4,998,693 shares of the aerospace company’s stock valued at $990,241,000 after buying an additional 4,987,595 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of General Dynamics Corporation by 4.7% during 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 last quarter. Janus Capital Management LLC raised its holdings in General Dynamics Corporation by 22.1% during the first quarter. Janus Capital Management LLC now owns 4,148,390 shares of the aerospace company’s stock worth $776,563,000 after purchasing an additional 749,793 shares in the last quarter. Finally, Capital Research Global Investors raised its holdings in General Dynamics Corporation by 4.5% during the second quarter. Capital Research Global Investors now owns 16,792,408 shares of the aerospace company’s stock worth $3,326,576,000 after purchasing an additional 725,896 shares in the last quarter. 86.10% of the stock is currently owned by hedge funds and other institutional investors.



Several equities research analysts recently commented on the company. Zacks Investment Research cut General Dynamics Corporation from a “buy” rating to a “hold” rating in a report on Friday. Cowen and Company reissued a “buy” rating and set a $230.00 target price on shares of General Dynamics Corporation in a report on Thursday. Jefferies Group LLC restated a “buy” rating and issued a $236.00 price target on shares of General Dynamics Corporation in a research report on Thursday. Credit Suisse Group restated an “outperform” rating and issued a $238.00 price target (up previously from $216.00) on shares of General Dynamics Corporation in a research report on Thursday. Finally, Stifel Nicolaus lifted their price target on shares of General Dynamics Corporation from $200.00 to $210.00 and gave the stock a “hold” rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company’s stock. General Dynamics Corporation currently has a consensus rating of “Buy” and an average price target of $214.61.

General Dynamics Corporation (NYSE:GD) traded up 0.53% on Friday, reaching $204.99. 1,255,138 shares of the company’s stock were exchanged. The firm has a market cap of $61.45 billion, a PE ratio of 20.25 and a beta of 0.72. The firm’s 50-day moving average is $206.87 and its 200-day moving average is $200.32. 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 posted its earnings results on Wednesday, October 25th. The aerospace company reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.09. The company had revenue of $7.58 billion during the quarter, compared to analysts’ expectations of $7.94 billion. General Dynamics Corporation had a net margin of 9.94% and a return on equity of 27.98%. General Dynamics Corporation’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.36 EPS. On average, equities analysts forecast that General Dynamics Corporation will post $9.82 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Friday, October 6th will be paid a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Thursday, October 5th. General Dynamics Corporation’s dividend payout ratio is presently 33.50%.

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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.

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

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