Zurcher Kantonalbank Zurich Cantonalbank Has $15.63 Million Stock Position in General Dynamics Co. (NYSE:GD)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of General Dynamics Co. (NYSE:GD - Free Report) by 9.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,875 shares of the aerospace company's stock after acquiring an additional 4,675 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in General Dynamics were worth $15,631,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of General Dynamics during the fourth quarter valued at about $728,284,000. Verity & Verity LLC acquired a new position in shares of General Dynamics during the first quarter valued at about $179,000. 1832 Asset Management L.P. raised its position in shares of General Dynamics by 3,645.4% during the fourth quarter. 1832 Asset Management L.P. now owns 558,586 shares of the aerospace company's stock valued at $145,048,000 after buying an additional 543,672 shares during the last quarter. Public Employees Retirement Association of Colorado raised its position in shares of General Dynamics by 879.9% during the first quarter. Public Employees Retirement Association of Colorado now owns 340,359 shares of the aerospace company's stock valued at $96,148,000 after buying an additional 305,624 shares during the last quarter. Finally, Junto Capital Management LP acquired a new position in shares of General Dynamics during the fourth quarter valued at about $43,733,000. Institutional investors and hedge funds own 86.14% of the company's stock.

Analyst Ratings Changes

GD has been the topic of a number of analyst reports. Sanford C. Bernstein upped their target price on shares of General Dynamics from $290.00 to $302.00 and gave the company a "market perform" rating in a research note on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of General Dynamics in a research note on Monday, July 29th. StockNews.com cut shares of General Dynamics from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 3rd. Robert W. Baird reissued an "outperform" rating and issued a $345.00 target price on shares of General Dynamics in a research note on Tuesday, July 2nd. Finally, Barclays upped their target price on shares of General Dynamics from $310.00 to $325.00 and gave the company an "overweight" rating in a research note on Tuesday, July 30th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $315.06.

General Dynamics Price Performance

Shares of GD stock traded up $1.65 during trading hours on Friday, reaching $299.48. 1,032,913 shares of the company were exchanged, compared to its average volume of 1,060,318. General Dynamics Co. has a fifty-two week low of $214.53 and a fifty-two week high of $302.75. The stock's fifty day moving average is $290.62 and its two-hundred day moving average is $287.70. The company has a market cap of $82.17 billion, a price-to-earnings ratio of 24.42, a P/E/G ratio of 1.68 and a beta of 0.60. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.33 and a quick ratio of 0.80.

General Dynamics (NYSE:GD - Get Free Report) last announced its earnings results on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.30 by ($0.04). General Dynamics had a return on equity of 16.74% and a net margin of 7.89%. The company had revenue of $11.98 billion for the quarter, compared to analyst estimates of $11.46 billion. During the same quarter in the previous year, the company posted $2.70 earnings per share. General Dynamics's revenue for the quarter was up 18.0% on a year-over-year basis. Sell-side analysts forecast that General Dynamics Co. will post 14.5 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 11th will be issued a $1.42 dividend. The ex-dividend date is Friday, October 11th. This represents a $5.68 annualized dividend and a yield of 1.90%. General Dynamics's dividend payout ratio is currently 46.33%.

General Dynamics Company Profile

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.