The Manufacturers Life Insurance Company Reduces Holdings in General Dynamics Corporation $GD

The Manufacturers Life Insurance Company lessened its holdings in General Dynamics Corporation (NYSE:GD) by 4.6% during the 2nd quarter, Holdings Channel reports. 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 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Trajan Wealth LLC grew its holdings in General Dynamics by 16.6% during the 2nd quarter. Trajan Wealth LLC now owns 58,551 shares of the aerospace company’s stock valued at $20,741,000 after buying an additional 8,329 shares during the last quarter. Peak Asset Management LLC acquired a new position in shares of General Dynamics in the second quarter worth $384,000. Fiduciary Financial Advisors acquired a new position in shares of General Dynamics in the second quarter worth $54,000. Cullen Capital Management LLC lifted its position in shares of General Dynamics by 0.3% in the second quarter. Cullen Capital Management LLC now owns 675,358 shares of the aerospace company’s stock valued at $239,239,000 after acquiring an additional 2,169 shares in the last quarter. Finally, Algert Global LLC boosted its stake in shares of General Dynamics by 8.5% during the second quarter. Algert Global LLC now owns 24,395 shares of the aerospace company’s stock valued at $8,642,000 after acquiring an additional 1,901 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. The Goldman Sachs Group cut their target price on shares of General Dynamics from $327.00 to $313.00 and set a “sell” rating for the company in a research note on Monday, May 4th. Robert W. Baird set a $430.00 price target on shares of General Dynamics in a report on Thursday, July 30th. Citigroup boosted their price objective on shares of General Dynamics from $364.00 to $404.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. Wells Fargo & Company upped their price objective on shares of General Dynamics from $400.00 to $440.00 and gave the company an “overweight” rating in a research note on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $384.00 target price on shares of General Dynamics in a research note 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 given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, General Dynamics currently has an average rating of “Moderate Buy” and a consensus price target of $410.89.

Insider Activity at General Dynamics

In related news, CEO Phebe N. Novakovic sold 51,568 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $382.58, for a total transaction of $19,728,885.44. Following the completion of the sale, the chief executive officer owned 766,457 shares of the company’s stock, valued at $293,231,119.06. This represents a 6.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Marguerite Amy Gilliland sold 43,180 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $378.04, for a total transaction of $16,323,767.20. Following the completion of 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. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 100,228 shares of company stock valued at $38,052,853. Corporate insiders own 1.40% of the company’s stock.

General Dynamics Price Performance

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

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share for the quarter, topping analysts’ consensus estimates 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 prior year, the company 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. As a group, research analysts anticipate that General Dynamics Corporation will post 16.97 earnings per share for the current year.

General Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be issued a dividend of $1.59 per share. This represents a $6.36 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, October 9th. General Dynamics’s dividend payout ratio (DPR) is currently 38.80%.

General Dynamics Company 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.