Stanley Laman Group Ltd. lowered its position in shares of General Dynamics Co. (NYSE:GD) by 20.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,596 shares of the aerospace company’s stock after selling 1,448 shares during the quarter. Stanley Laman Group Ltd.’s holdings in General Dynamics were worth $1,018,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Advisory Services Network LLC grew its holdings in General Dynamics by 3.1% during the second quarter. Advisory Services Network LLC now owns 9,535 shares of the aerospace company’s stock valued at $1,734,000 after purchasing an additional 289 shares during the period. Coastal Investment Advisors Inc. grew its holdings in General Dynamics by 9.5% during the second quarter. Coastal Investment Advisors Inc. now owns 981 shares of the aerospace company’s stock valued at $177,000 after purchasing an additional 85 shares during the period. Tdam USA Inc. lifted its stake in General Dynamics by 25.0% in the second quarter. Tdam USA Inc. now owns 4,324 shares of the aerospace company’s stock valued at $786,000 after buying an additional 866 shares in the last quarter. Pendal Group Ltd bought a new position in General Dynamics in the second quarter valued at approximately $712,000. Finally, Westpac Banking Corp lifted its stake in General Dynamics by 19.8% in the second quarter. Westpac Banking Corp now owns 21,410 shares of the aerospace company’s stock valued at $3,893,000 after buying an additional 3,533 shares in the last quarter. Hedge funds and other institutional investors own 86.84% of the company’s stock.

Shares of GD stock traded down $1.07 during trading on Wednesday, reaching $180.25. The company’s stock had a trading volume of 239,395 shares, compared to its average volume of 1,271,853. The firm’s fifty day moving average is $183.58. The company has a current ratio of 1.09, a quick ratio of 0.73 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $52.37 billion, a P/E ratio of 15.78, a price-to-earnings-growth ratio of 1.78 and a beta of 1.21. General Dynamics Co. has a one year low of $143.87 and a one year high of $207.72.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, July 24th. The aerospace company reported $2.77 EPS for the quarter, topping the Zacks’ consensus estimate of $2.68 by $0.09. The business had revenue of $9.56 billion for the quarter, compared to analyst estimates of $9.36 billion. General Dynamics had a net margin of 8.65% and a return on equity of 26.81%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.82 earnings per share. On average, equities analysts forecast that General Dynamics Co. will post 11.83 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 11th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend is Thursday, October 10th. General Dynamics’s dividend payout ratio is presently 35.73%.

In other news, Director William A. Osborn sold 1,500 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $182.56, for a total value of $273,840.00. Following the sale, the director now owns 37,585 shares of the company’s stock, valued at $6,861,517.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Mark Lagrand Burns acquired 159 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was acquired at an average cost of $179.56 per share, for a total transaction of $28,550.04. Following the transaction, the vice president now owns 39,643 shares of the company’s stock, valued at $7,118,297.08. The disclosure for this purchase can be found here. Insiders own 7.10% of the company’s stock.

A number of brokerages have weighed in on GD. Morgan Stanley lifted their price target on shares of General Dynamics from $171.00 to $173.00 and gave the company an “underweight” rating in a research note on Wednesday. UBS Group lifted their price target on shares of General Dynamics from $175.00 to $190.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Cowen reaffirmed a “buy” rating and issued a $202.00 price target on shares of General Dynamics in a research note on Wednesday, April 24th. ValuEngine raised shares of General Dynamics from a “sell” rating to a “hold” rating in a research note on Thursday, June 6th. Finally, Robert W. Baird lifted their price target on shares of General Dynamics from $188.00 to $218.00 and gave the company an “outperform” rating in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $191.47.

About General Dynamics

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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