Canada Pension Plan Investment Board Trims Holdings in General Dynamics Corporation $GD

Canada Pension Plan Investment Board decreased its stake in shares of General Dynamics Corporation (NYSE:GD) by 24.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 598,884 shares of the aerospace company’s stock after selling 197,615 shares during the period. Canada Pension Plan Investment Board’s holdings in General Dynamics were worth $212,149,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of GD. Oxford Financial Group LTD. LLC boosted its holdings in General Dynamics by 1.9% in the 2nd quarter. Oxford Financial Group LTD. LLC now owns 1,426 shares of the aerospace company’s stock valued at $505,000 after purchasing an additional 26 shares during the period. Willner & Heller LLC boosted its stake in General Dynamics by 1.4% during the second quarter. Willner & Heller LLC now owns 2,050 shares of the aerospace company’s stock valued at $726,000 after buying an additional 28 shares during the period. Meriwether Wealth & Planning LLC increased its stake in General Dynamics by 0.8% in the 2nd quarter. Meriwether Wealth & Planning LLC now owns 3,443 shares of the aerospace company’s stock worth $1,220,000 after acquiring an additional 28 shares during the last quarter. Klingman & Associates LLC raised its holdings in shares of General Dynamics by 3.3% in the 1st quarter. Klingman & Associates LLC now owns 949 shares of the aerospace company’s stock valued at $326,000 after acquiring an additional 30 shares in the last quarter. Finally, Keating Financial Advisory Services Inc. boosted its position in shares of General Dynamics by 16.7% during the 2nd quarter. Keating Financial Advisory Services Inc. now owns 217 shares of the aerospace company’s stock valued at $77,000 after acquiring an additional 31 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

General Dynamics Price Performance

Shares of GD stock opened at $382.08 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.96 and a current ratio of 1.44. The firm has a market cap of $103.38 billion, a P/E ratio of 23.31, a P/E/G ratio of 2.18 and a beta of 0.33. The business’s 50 day moving average price is $375.27 and its 200-day moving average price is $356.46. General Dynamics Corporation has a fifty-two week low of $306.77 and a fifty-two week high of $400.00.

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

General Dynamics Announces Dividend

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

Insiders Place Their Bets

In other news, CEO Phebe N. Novakovic sold 51,568 shares of the stock in a transaction that occurred 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marguerite Amy Gilliland sold 43,180 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $378.04, for a total value of $16,323,767.20. Following the completion of the transaction, the executive vice president owned 44,767 shares of the company’s stock, valued at approximately $16,923,716.68. The trade was a 49.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 100,228 shares of company stock worth $38,052,853 over the last three months. Company insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

GD has been the subject of several research analyst reports. Morgan Stanley lifted their target price on shares of General Dynamics from $435.00 to $465.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $384.00 target price on shares of General Dynamics in a research report on Thursday, July 30th. Susquehanna lifted their price target on General Dynamics from $420.00 to $455.00 and gave the stock a “positive” rating in a research note on Thursday, July 30th. Bank of America upped their price objective on General Dynamics from $400.00 to $415.00 and gave the stock a “buy” rating in a report on Monday, July 6th. Finally, Wells Fargo & Company raised their price objective on General Dynamics from $400.00 to $440.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $410.89.

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.