Dimensional Fund Advisors LP Buys 21,098 Shares of General Dynamics Corporation (GD)

Dimensional Fund Advisors LP grew its stake in General Dynamics Corporation (NYSE:GD) by 3.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 735,038 shares of the aerospace company’s stock after acquiring an additional 21,098 shares during the quarter. Dimensional Fund Advisors LP owned about 0.25% of General Dynamics Corporation worth $145,611,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of GD. BlackRock Inc. lifted its position in shares of General Dynamics Corporation by 2,645.5% in the first quarter. BlackRock Inc. now owns 15,509,344 shares of the aerospace company’s stock valued at $2,903,351,000 after acquiring an additional 14,944,453 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of General Dynamics Corporation by 4.7% in 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 acquiring an additional 894,177 shares in the last quarter. Janus Capital Management LLC lifted its position in shares of General Dynamics Corporation by 22.1% in the first quarter. Janus Capital Management LLC now owns 4,148,390 shares of the aerospace company’s stock valued at $776,563,000 after acquiring an additional 749,793 shares in the last quarter. TIAA CREF Investment Management LLC lifted its position in shares of General Dynamics Corporation by 59.6% in the first quarter. TIAA CREF Investment Management LLC now owns 1,809,357 shares of the aerospace company’s stock valued at $338,712,000 after acquiring an additional 675,324 shares in the last quarter. Finally, Teachers Advisors LLC lifted its position in shares of General Dynamics Corporation by 92.8% in the first quarter. Teachers Advisors LLC now owns 578,526 shares of the aerospace company’s stock valued at $108,300,000 after acquiring an additional 278,394 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Dimensional Fund Advisors LP Buys 21,098 Shares of General Dynamics Corporation (GD)” was first posted by Transcript Daily and is the property of of Transcript Daily. If you are accessing this piece on another publication, it was copied illegally and republished in violation of international copyright laws. The correct version of this piece can be viewed at https://transcriptdaily.com/2017/10/08/dimensional-fund-advisors-lp-buys-21098-shares-of-general-dynamics-corporation-gd.html.

Several brokerages have recently issued reports on GD. UBS AG restated a “buy” rating and issued a $225.00 price objective (up from $215.00) on shares of General Dynamics Corporation in a research report on Monday, June 12th. ValuEngine downgraded General Dynamics Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. BidaskClub upgraded General Dynamics Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Jefferies Group LLC restated a “buy” rating on shares of General Dynamics Corporation in a research report on Friday, August 11th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $210.00 price objective (up from $200.00) on shares of General Dynamics Corporation in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. General Dynamics Corporation currently has an average rating of “Buy” and an average price target of $209.12.

Shares of General Dynamics Corporation (NYSE GD) opened at 212.60 on Friday. The firm’s 50-day moving average price is $202.45 and its 200 day moving average price is $197.96. The firm has a market capitalization of $63.74 billion, a price-to-earnings ratio of 21.00 and a beta of 0.72. General Dynamics Corporation has a 52 week low of $148.76 and a 52 week high of $214.11.

General Dynamics Corporation (NYSE:GD) last released its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.02. The firm had revenue of $7.68 billion during the quarter, compared to analysts’ expectations of $7.76 billion. General Dynamics Corporation had a return on equity of 28.17% and a net margin of 9.63%. The business’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.30 earnings per share. On average, analysts anticipate that General Dynamics Corporation will post $9.80 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Investors of record on Friday, October 6th will be given a dividend of $0.84 per share. The ex-dividend date is Thursday, October 5th. This represents a $3.36 dividend on an annualized basis and a yield of 1.58%. General Dynamics Corporation’s payout ratio is 34.57%.

General Dynamics Corporation 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.

Want to see what other hedge funds are holding GD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Dynamics Corporation (NYSE:GD).

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

Receive News & Ratings for General Dynamics Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Dynamics Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply