TD Waterhouse Canada Inc. Trims Holdings in General Dynamics Corporation $GD

Key Points

• TD Waterhouse Canada reduced its General Dynamics stake by 2.5% in the second quarter, selling 2,899 shares and retaining 112,668 shares valued at approximately $40.9 million. Institutional investors and hedge funds own 86.14% of the company.
• General Dynamics reported quarterly EPS of $4.24, exceeding the $3.96 consensus estimate, while revenue rose 8.1% year over year to $14.09 billion. The company issued fiscal 2026 EPS guidance of $16.80–$16.90.
• The company declared a quarterly dividend of $1.59 per share, equivalent to a $6.36 annualized payout and a 1.8% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $410.89, while insiders sold more than $38 million in stock over the past quarter.

TD Waterhouse Canada Inc. lowered its stake in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 2.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 Securities and Exchange Commission.

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

General Dynamics Trading Down 1.7%

Shares of NYSE GD opened at $359.54 on Friday. General Dynamics Corporation has a 12-month low of $306.77 and a 12-month high of $400.00. The company has a market cap of $97.28 billion, a price-to-earnings ratio of 21.94, a price-to-earnings-growth ratio of 2.11 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. The stock's 50 day simple moving average is $378.48 and its 200 day simple moving average is $357.29.

General Dynamics (NYSE:GD - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $4.24 EPS for the quarter, topping analysts' consensus estimates of $3.96 by $0.28. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The firm had revenue of $14.09 billion during the quarter, compared to the consensus estimate of $13.52 billion. During the same period in the prior year, the business earned $3.74 EPS. The firm'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. Equities research analysts expect that General Dynamics Corporation will post 16.97 EPS for the current year.

General Dynamics Dividend Announcement

The company also recently declared 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 is Friday, October 9th. This represents a $6.36 annualized dividend and a dividend yield of 1.8%. General Dynamics's dividend payout ratio is currently 38.80%.

Analyst Upgrades and Downgrades

GD has been the topic of several research reports. Morgan Stanley upped their price objective on General Dynamics from $435.00 to $465.00 and gave the company an "overweight" rating in a research note on Thursday, July 30th. Susquehanna lifted their target price on General Dynamics from $420.00 to $455.00 and gave the stock a "positive" rating in a research report on Thursday, July 30th. Citigroup upped their price target on General Dynamics from $364.00 to $404.00 and gave the company a "neutral" rating in a research report on Thursday, July 30th. 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. Finally, Wall Street Zen lowered shares of General Dynamics from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 1st. One investment 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 issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $410.89.

Insider Transactions at General Dynamics

In related news, Director Mark Malcolm sold 5,480 shares of the stock in a transaction dated 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 sale, the director owned 10,643 shares of the company's stock, valued at $3,884,695. This trade represents a 33.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marguerite Gilliland sold 43,180 shares of General Dynamics stock in a transaction dated 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 in the company, valued at approximately $16,923,716.68. This represents a 49.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 100,228 shares of company stock worth $38,052,853. Insiders own 1.40% of the company's stock.

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.

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