General Dynamics Corporation $GD Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. decreased its holdings in General Dynamics Corporation (NYSE:GD) by 2.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 112,668 shares of the aerospace company’s stock after selling 2,899 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in General Dynamics were worth $40,888,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Whipplewood Advisors LLC grew its position in General Dynamics by 1,725.0% in the 1st quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $25,000 after buying an additional 69 shares in the last quarter. Scarborough Advisors LLC bought a new stake in shares of General Dynamics during the 1st quarter worth about $29,000. Wilkerson Advisory Group LLC lifted its stake in shares of General Dynamics by 79.6% in the 1st quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 39 shares during the period. Paladin Partners LLC bought a new position in shares of General Dynamics in the second quarter valued at approximately $30,000. Finally, Center for Financial Planning Inc. increased its stake in shares of General Dynamics by 220.7% during the fourth quarter. Center for Financial Planning Inc. now owns 93 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 64 shares during the period. 86.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

General Dynamics Price Performance

Shares of NYSE:GD opened at $359.54 on Friday. The company has a market capitalization of $97.28 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 2.11 and a beta of 0.32. 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 stock has a fifty day moving average of $378.48 and a 200-day moving average of $357.29. General Dynamics Corporation has a one year low of $306.77 and a one year high of $400.00.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.96 by $0.28. The business had revenue of $14.09 billion for the quarter, compared to analysts’ expectations of $13.52 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. As a group, equities analysts anticipate that General Dynamics Corporation will post 16.97 EPS for the current fiscal 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 given a $1.59 dividend. The ex-dividend date is Friday, October 9th. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.8%. General Dynamics’s dividend payout ratio (DPR) is 38.80%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on GD shares. Royal Bank Of Canada lifted their price target on General Dynamics from $385.00 to $410.00 and gave the company a “sector perform” rating in a research report on Thursday, July 30th. Weiss Ratings raised General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 1st. Citigroup lifted their target price on General Dynamics from $364.00 to $404.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Morgan Stanley boosted their price target on shares of General Dynamics from $435.00 to $465.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Finally, Wall Street Zen downgraded shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, General Dynamics has a consensus rating of “Moderate Buy” and an average target price of $410.89.

General Dynamics 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.