OMERS ADMINISTRATION Corp Grows Stake in General Dynamics Corporation $GD

OMERS ADMINISTRATION Corp lifted its stake in General Dynamics Corporation (NYSE:GD) by 10.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,312 shares of the aerospace company’s stock after buying an additional 1,827 shares during the period. OMERS ADMINISTRATION Corp’s holdings in General Dynamics were worth $6,841,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of GD. Vanguard Group Inc. grew its stake in shares of General Dynamics by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 24,767,330 shares of the aerospace company’s stock valued at $8,338,169,000 after acquiring an additional 528,769 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in General Dynamics during the 4th quarter valued at approximately $7,914,000. Deutsche Bank AG raised its position in shares of General Dynamics by 12.2% in the 4th quarter. Deutsche Bank AG now owns 939,264 shares of the aerospace company’s stock valued at $316,213,000 after purchasing an additional 102,208 shares in the last quarter. Rayburn West Financial Services LLC purchased a new position in shares of General Dynamics during the 4th quarter valued at approximately $2,387,000. Finally, Professional Advisory Services Inc. grew its position in shares of General Dynamics by 4.0% during the second quarter. Professional Advisory Services Inc. now owns 67,028 shares of the aerospace company’s stock worth $23,744,000 after buying an additional 2,562 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on GD shares. TD Cowen increased their price objective on shares of General Dynamics from $390.00 to $420.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Wells Fargo & Company lifted their price target on General Dynamics from $400.00 to $440.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. Sanford C. Bernstein restated a “market perform” rating and set a $421.00 price objective on shares of General Dynamics in a research note on Monday, August 10th. UBS Group boosted their price target on General Dynamics from $366.00 to $395.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Finally, JPMorgan Chase & Co. raised their price objective on General Dynamics from $385.00 to $400.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, General Dynamics presently has an average rating of “Moderate Buy” and a consensus price target of $410.89.

Insider Transactions at General Dynamics

In other news, CEO Phebe N. Novakovic sold 51,568 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $382.58, for a total value of $19,728,885.44. Following the completion of the transaction, the chief executive officer owned 766,457 shares of the company’s stock, valued at approximately $293,231,119.06. This represents a 6.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Mark Malcolm sold 5,480 shares of the firm’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $365.00, for a total value of $2,000,200.00. Following the transaction, the director directly owned 10,643 shares in the company, valued at $3,884,695. This trade represents a 33.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 100,228 shares of company stock valued at $38,052,853. 1.40% of the stock is currently owned by corporate insiders.

General Dynamics Price Performance

NYSE GD opened at $383.56 on Tuesday. The company has a 50-day moving average price of $374.64 and a two-hundred day moving average price of $356.08. General Dynamics Corporation has a 52 week low of $306.77 and a 52 week high of $400.00. The stock has a market cap of $103.78 billion, a price-to-earnings ratio of 23.40, a price-to-earnings-growth ratio of 2.22 and a beta of 0.32. The company has a current ratio of 1.44, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.96 by $0.28. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The business had revenue of $14.09 billion during the quarter, compared to the consensus estimate of $13.52 billion. During the same period in the previous year, the firm posted $3.74 earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Analysts forecast that General Dynamics Corporation will post 16.97 EPS for the current year.

General Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be given a dividend of $1.59 per share. This represents a $6.36 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, October 9th. General Dynamics’s payout ratio is 38.80%.

General Dynamics Company Profile

General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.

Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.