Caisse de depot et placement du Quebec raised its position in General Dynamics Corporation (NYSE:GD - Free Report) by 454.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 180,917 shares of the aerospace company's stock after buying an additional 148,262 shares during the period. Caisse de depot et placement du Quebec owned approximately 0.07% of General Dynamics worth $64,088,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of GD. Oxford Financial Group LTD. LLC lifted its stake in shares of General Dynamics by 1.9% in the second quarter. Oxford Financial Group LTD. LLC now owns 1,426 shares of the aerospace company's stock worth $505,000 after acquiring an additional 26 shares in the last quarter. Willner & Heller LLC grew its stake in General Dynamics by 1.4% during the 2nd quarter. Willner & Heller LLC now owns 2,050 shares of the aerospace company's stock valued at $726,000 after purchasing an additional 28 shares in the last quarter. Meriwether Wealth & Planning LLC increased its holdings in General Dynamics by 0.8% during the 2nd quarter. Meriwether Wealth & Planning LLC now owns 3,443 shares of the aerospace company's stock worth $1,220,000 after purchasing an additional 28 shares during the last quarter. Klingman & Associates LLC increased its holdings in General Dynamics by 3.3% during the 1st quarter. Klingman & Associates LLC now owns 949 shares of the aerospace company's stock worth $326,000 after purchasing an additional 30 shares during the last quarter. Finally, Keating Financial Advisory Services Inc. raised its position in shares of General Dynamics by 16.7% in the 2nd quarter. Keating Financial Advisory Services Inc. now owns 217 shares of the aerospace company's stock valued at $77,000 after purchasing an additional 31 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other General Dynamics news, Director Mark Malcolm sold 5,480 shares of the company's stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $365.00, for a total transaction of $2,000,200.00. Following the completion of the sale, the director directly owned 10,643 shares of the company's stock, valued at approximately $3,884,695. This represents a 33.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Marguerite Amy Gilliland sold 43,180 shares of the company'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 transaction of $16,323,767.20. Following the completion of the sale, the executive vice president owned 44,767 shares of the company's stock, valued at approximately $16,923,716.68. This trade represents a 49.10% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 100,228 shares of company stock worth $38,052,853. Company insiders own 1.40% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have commented on GD shares. DA Davidson reduced their price objective on shares of General Dynamics from $384.00 to $375.00 in a research note on Thursday, April 30th. BNP Paribas Exane boosted their price objective on General Dynamics from $390.00 to $430.00 and gave the company an "outperform" rating in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $384.00 target price on shares of General Dynamics in a research report on Thursday, July 30th. Bank of America raised their price target on shares of General Dynamics from $400.00 to $415.00 and gave the company a "buy" rating in a research note on Monday, July 6th. Finally, Wall Street Zen downgraded General Dynamics from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, General Dynamics currently has an average rating of "Moderate Buy" and a consensus target price of $410.89.
Check Out Our Latest Report on General Dynamics
General Dynamics Stock Performance
Shares of NYSE GD opened at $380.01 on Friday. The stock has a fifty day moving average price of $375.86 and a two-hundred day moving average price of $356.60. The firm has a market cap of $102.82 billion, a P/E ratio of 23.19, a PEG ratio of 2.21 and a beta of 0.33. General Dynamics Corporation has a 1 year low of $306.77 and a 1 year high of $400.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.96 and a current ratio of 1.44.
General Dynamics (NYSE:GD - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 EPS for the quarter, topping 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 firm had revenue of $14.09 billion for the quarter, compared to analysts' expectations of $13.52 billion. During the same period in the previous year, the business earned $3.74 earnings per share. General Dynamics'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. Research analysts forecast that General Dynamics Corporation will post 16.97 EPS for the current fiscal year.
General Dynamics Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 9th will be given a dividend of $1.59 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.7%. General Dynamics's payout ratio is 38.80%.
General Dynamics Profile
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Free Report)
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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