Mitsubishi UFJ Trust & Banking Corp Buys 724 Shares of General Dynamics Corporation (NYSE:GD)

Mitsubishi UFJ Trust & Banking Corp lifted its position in General Dynamics Corporation (NYSE:GD) by 0.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 562,555 shares of the aerospace company’s stock after purchasing an additional 724 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.19% of General Dynamics Corporation worth $111,442,000 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. Zions Bancorporation grew its holdings in shares of General Dynamics Corporation by 0.5% during the first quarter. Zions Bancorporation now owns 732 shares of the aerospace company’s stock worth $137,000 after buying an additional 4 shares in the last quarter. Norway Savings Bank grew its holdings in shares of General Dynamics Corporation by 0.5% during the second quarter. Norway Savings Bank now owns 1,015 shares of the aerospace company’s stock worth $201,000 after buying an additional 5 shares in the last quarter. Savant Capital LLC grew its holdings in shares of General Dynamics Corporation by 0.4% during the first quarter. Savant Capital LLC now owns 1,815 shares of the aerospace company’s stock worth $340,000 after buying an additional 7 shares in the last quarter. Guardian Life Insurance Co. of America grew its holdings in shares of General Dynamics Corporation by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 1,104 shares of the aerospace company’s stock worth $207,000 after buying an additional 8 shares in the last quarter. Finally, Aviance Capital Management LLC grew its holdings in shares of General Dynamics Corporation by 0.3% during the first quarter. Aviance Capital Management LLC now owns 3,695 shares of the aerospace company’s stock worth $692,000 after buying an additional 10 shares in the last quarter. 86.18% of the stock is owned by institutional investors.

General Dynamics Corporation (NYSE GD) traded up 0.27% during mid-day trading on Friday, hitting $205.58. 732,246 shares of the company were exchanged. The stock has a market cap of $61.63 billion, a price-to-earnings ratio of 20.31 and a beta of 0.71. The firm has a 50 day moving average price of $199.30 and a 200 day moving average price of $196.51. General Dynamics Corporation has a 12 month low of $148.76 and a 12 month high of $206.57.

General Dynamics Corporation (NYSE:GD) last announced its earnings results on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.02. General Dynamics Corporation had a return on equity of 28.17% and a net margin of 9.63%. The firm had revenue of $7.68 billion during the quarter, compared to the consensus estimate of $7.76 billion. During the same quarter in the prior year, the company earned $2.30 EPS. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. Analysts anticipate that General Dynamics Corporation will post $9.80 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Investors of record on Friday, October 6th will be paid a dividend of $0.84 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $3.36 annualized dividend and a yield of 1.63%. General Dynamics Corporation’s payout ratio is 34.57%.

A number of equities research analysts have recently issued reports on the stock. UBS Group AG reaffirmed a “buy” rating and set a $225.00 target price (up previously from $215.00) on shares of General Dynamics Corporation in a report on Monday, June 12th. BidaskClub raised shares of General Dynamics Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Jefferies Group LLC reissued a “buy” rating on shares of General Dynamics Corporation in a research report on Friday, August 11th. Zacks Investment Research cut shares of General Dynamics Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Morgan Stanley initiated coverage on shares of General Dynamics Corporation in a research report on Tuesday, August 8th. They set an “underweight” rating and a $185.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $206.59.

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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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