Canada Pension Plan Investment Board Has $212.15 Million Stake in General Dynamics Corporation $GD

Key Points

• Canada Pension Plan Investment Board cut its General Dynamics stake by 24.8% in the second quarter, selling 197,615 shares and retaining 598,884 shares valued at approximately $212.15 million.
• Analysts remain broadly positive, with General Dynamics carrying a “Moderate Buy” consensus rating and an average price target of $410.89. Several brokerages recently raised their targets to between $400 and $465.
• General Dynamics exceeded quarterly expectations, reporting adjusted earnings of $4.24 per share and revenue of $14.09 billion, up 8.1% year over year. The company also declared a quarterly dividend of $1.59 per share, implying a 1.7% yield.

Canada Pension Plan Investment Board lowered its stake in General Dynamics Corporation (NYSE:GD - Free Report) by 24.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 598,884 shares of the aerospace company's stock after selling 197,615 shares during the quarter. Canada Pension Plan Investment Board owned 0.22% of General Dynamics worth $212,149,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Brighton Jones LLC grew its stake in General Dynamics by 16.9% in the fourth quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company's stock valued at $760,000 after acquiring an additional 417 shares during the period. Acadian Asset Management LLC increased its stake in General Dynamics by 140.2% during the 1st quarter. Acadian Asset Management LLC now owns 3,445 shares of the aerospace company's stock valued at $938,000 after purchasing an additional 2,011 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in General Dynamics during the second quarter worth $240,000. Flow Traders U.S. LLC acquired a new position in shares of General Dynamics during the second quarter valued at about $352,000. Finally, Jump Financial LLC bought a new stake in shares of General Dynamics during the second quarter worth about $1,284,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GD. Morgan Stanley raised their price target 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. Bank of America raised their target price on General Dynamics from $400.00 to $415.00 and gave the company a "buy" rating in a report on Monday, July 6th. BNP Paribas Exane increased their price target on General Dynamics from $390.00 to $430.00 and gave the company an "outperform" rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. raised their price objective on General Dynamics from $385.00 to $400.00 and gave the company an "overweight" rating in a research note on Thursday, April 30th. Finally, Jefferies Financial Group upped their target price on shares of General Dynamics from $400.00 to $440.00 and gave the stock a "buy" rating in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $410.89.

General Dynamics Trading Up 1.5%

NYSE GD opened at $382.08 on Thursday. The business's fifty day moving average is $375.27 and its 200-day moving average is $356.46. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.44 and a quick ratio of 0.96. The stock has a market capitalization of $103.38 billion, a price-to-earnings ratio of 23.31, a PEG ratio of 2.18 and a beta of 0.33. General Dynamics Corporation has a one year low of $306.77 and a one year high of $400.00.

General Dynamics (NYSE:GD - Get Free Report) last posted 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 company had revenue of $14.09 billion during the quarter, compared to analyst estimates of $13.52 billion. During the same quarter in the prior year, the business earned $3.74 earnings per share. The firm's revenue for the quarter was up 8.1% on a year-over-year basis. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Equities research analysts predict that General Dynamics Corporation will post 16.97 EPS for the current year.

General Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 9th will be paid a dividend of $1.59 per share. The ex-dividend date is Friday, October 9th. This represents a $6.36 annualized dividend and a dividend yield of 1.7%. General Dynamics's dividend payout ratio (DPR) is presently 38.80%.

Insider Buying and Selling

In other General Dynamics news, Director Mark Malcolm sold 5,480 shares of the business's stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $365.00, for a total value of $2,000,200.00. Following the sale, the director directly owned 10,643 shares in the company, valued at $3,884,695. The trade was a 33.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Marguerite Amy Gilliland sold 43,180 shares of the company's stock in a transaction 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 transaction, the executive vice president directly owned 44,767 shares in the company, valued at $16,923,716.68. This represents a 49.10% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 company insiders.

About General Dynamics

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.

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