The Manufacturers Life Insurance Company Sells 6,126 Shares of General Dynamics Corporation $GD

Key Points

• The Manufacturers Life Insurance Company reduced its General Dynamics stake by 4.6% in the second quarter, selling 6,126 shares and retaining 128,287 shares valued at approximately $45.4 million. Institutional investors collectively own 86.14% of the company.
• General Dynamics reported quarterly earnings of $4.24 per share, beating estimates of $3.96, while revenue rose 8.1% year over year to $14.09 billion. The company issued FY 2026 EPS guidance of $16.80–$16.90.
• The company declared a quarterly dividend of $1.59 per share, equivalent to an annualized $6.36 payout and a 1.8% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $411.58.

The Manufacturers Life Insurance Company lowered its stake in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 4.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 128,287 shares of the aerospace company's stock after selling 6,126 shares during the quarter. The Manufacturers Life Insurance Company's holdings in General Dynamics were worth $45,444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Whipplewood Advisors LLC grew its stake in General Dynamics by 1,725.0% in the first 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 period. Scarborough Advisors LLC purchased a new stake in shares of General Dynamics in the 1st quarter worth about $29,000. Wilkerson Advisory Group LLC increased 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 in the last quarter. Paladin Partners LLC bought a new stake in General Dynamics during the second quarter worth about $30,000. Finally, Center for Financial Planning Inc. grew its holdings 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 during the period. Hedge funds and other institutional investors own 86.14% of the company's stock.

General Dynamics Stock Performance

Shares of NYSE GD opened at $356.44 on Friday. The firm's 50-day moving average price is $377.84 and its 200-day moving average price is $357.53. General Dynamics Corporation has a 52-week low of $306.77 and a 52-week high of $400.00. The company has a market cap of $96.44 billion, a PE ratio of 21.75, a PEG ratio of 2.04 and a beta of 0.32. The company has a quick ratio of 0.96, a current ratio of 1.44 and a debt-to-equity ratio of 0.23.

General Dynamics (NYSE:GD - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $14.09 billion during the quarter, compared to analysts' expectations of $13.52 billion. During the same period in the previous year, the company earned $3.74 earnings per share. The firm's quarterly 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. As a group, analysts anticipate that General Dynamics Corporation will post 16.99 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 paid a $1.59 dividend. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, October 9th. General Dynamics's dividend payout ratio (DPR) is 38.80%.

Insider Buying and Selling

In related news, EVP Marguerite Gilliland sold 43,180 shares of General Dynamics stock in a transaction on Friday, July 31st. The stock was sold at an average price of $378.04, for a total value 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 $16,923,716.68. The trade was a 49.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Phebe Novakovic sold 51,568 shares of the 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 approximately $293,231,119.06. This represents a 6.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 100,228 shares of company stock valued at $38,052,853 over the last 90 days. Company insiders own 1.40% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GD. Wells Fargo & Company boosted their price target on General Dynamics from $400.00 to $440.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 4th. Citigroup increased their target price on General Dynamics from $364.00 to $404.00 and gave the stock a "neutral" rating in a research note on Thursday, July 30th. TD Cowen upped their price target on shares of General Dynamics from $390.00 to $420.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Jefferies Financial Group lifted their target price on shares of General Dynamics from $400.00 to $440.00 and gave the stock a "buy" rating in a report on Thursday, July 9th. Finally, Royal Bank Of Canada raised their price target on shares of General Dynamics from $385.00 to $410.00 and gave the company a "sector perform" rating in a research report on Thursday, July 30th. 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $411.58.

General Dynamics Company Profile

General Dynamics Corporation NYSE: GD is an aerospace and defense company that develops and delivers products and services for government and commercial customers. Its operations are organized across four principal business areas: Aerospace, Marine Systems, Combat Systems and Technologies.

Through its Aerospace business, General Dynamics manufactures Gulfstream business jets and provides aircraft maintenance, repair and refurbishment services. Its Marine Systems businesses design and build nuclear-powered submarines and surface ships, while Combat Systems produces military vehicles, weapons systems and munitions.

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