Tompkins Financial Corp boosted its position in General Dynamics Co. (NYSE:GD) by 8.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,615 shares of the aerospace company’s stock after purchasing an additional 1,441 shares during the quarter. Tompkins Financial Corp’s holdings in General Dynamics were worth $3,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Harvest Group Wealth Management LLC bought a new position in shares of General Dynamics in the 1st quarter worth $28,000. Aspire Private Capital LLC bought a new position in shares of General Dynamics in the 4th quarter worth $29,000. TCG Advisors LP bought a new position in shares of General Dynamics in the 1st quarter worth $38,000. Zions Bancorporation N.A. bought a new position in shares of General Dynamics in the 1st quarter worth $40,000. Finally, Princeton Global Asset Management LLC bought a new position in shares of General Dynamics in the 1st quarter worth $42,000. Institutional investors and hedge funds own 86.47% of the company’s stock.

Shares of GD stock traded up $2.12 on Friday, hitting $189.73. 1,745,207 shares of the company’s stock traded hands, compared to its average volume of 1,060,941. The company has a quick ratio of 0.82, a current ratio of 1.09 and a debt-to-equity ratio of 0.70. General Dynamics Co. has a one year low of $143.87 and a one year high of $207.72. The firm’s fifty day moving average is $179.71. The stock has a market cap of $54.80 billion, a PE ratio of 16.61, a price-to-earnings-growth ratio of 1.81 and a beta of 1.20.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, July 24th. The aerospace company reported $2.77 EPS for the quarter, beating 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 company had revenue of $9.56 billion for the quarter, compared to analyst estimates of $9.36 billion. During the same quarter last year, the firm earned $2.82 EPS. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. As a group, equities research analysts anticipate that General Dynamics Co. will post 11.83 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, July 5th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Wednesday, July 3rd. General Dynamics’s dividend payout ratio is currently 35.73%.

A number of brokerages have recently commented on GD. JPMorgan Chase & Co. reissued a “hold” rating and issued a $7.00 price target on shares of Deutsche Bank in a report on Thursday, April 25th. Cowen reissued an “outperform” rating and issued a $230.00 price target (up previously from $200.00) on shares of Norfolk Southern in a report on Wednesday, April 24th. ValuEngine lowered shares of Universal Electronics from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 6th. Goldman Sachs Group raised shares of General Dynamics from a “neutral” rating to a “buy” rating and set a $204.00 price target on the stock in a report on Sunday, May 19th. Finally, Morgan Stanley set a $18.00 price target on shares of PG&E and gave the stock a “hold” rating in a report on Friday, June 14th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $196.00.

General Dynamics Company 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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