National Bank of Canada FI Sells 134,191 Shares of General Dynamics Corporation $GD

National Bank of Canada FI decreased its position in shares of General Dynamics Corporation (NYSE:GD) by 26.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 374,153 shares of the aerospace company’s stock after selling 134,191 shares during the quarter. National Bank of Canada FI’s holdings in General Dynamics were worth $109,127,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Quarry LP grew its holdings in General Dynamics by 783.3% during the 1st quarter. Quarry LP now owns 106 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 94 shares in the last quarter. Vermillion & White Wealth Management Group LLC lifted its position in shares of General Dynamics by 80.3% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 110 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 49 shares during the period. Nova Wealth Management Inc. bought a new position in shares of General Dynamics during the first quarter valued at approximately $33,000. NewSquare Capital LLC increased its holdings in General Dynamics by 64.7% during the second quarter. NewSquare Capital LLC now owns 112 shares of the aerospace company’s stock valued at $33,000 after buying an additional 44 shares during the period. Finally, Harbor Asset Planning Inc. purchased a new stake in General Dynamics during the second quarter worth $35,000. 86.14% of the stock is currently owned by institutional investors.

General Dynamics Stock Performance

GD opened at $337.45 on Monday. The company has a market cap of $91.15 billion, a P/E ratio of 21.87, a price-to-earnings-growth ratio of 1.68 and a beta of 0.40. The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 0.29. The firm’s 50-day moving average price is $341.11 and its 200-day moving average price is $319.11. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $360.50.

General Dynamics (NYSE:GD) last released its earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share for the quarter, topping the consensus estimate of $3.69 by $0.19. The company had revenue of $12.91 billion for the quarter, compared to the consensus estimate of $12.49 billion. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. General Dynamics’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.35 EPS. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. As a group, equities analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Shareholders of record on Friday, January 16th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Friday, January 16th. This represents a $6.00 dividend on an annualized basis and a yield of 1.8%. General Dynamics’s payout ratio is currently 38.89%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GD. Vertical Research upgraded General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 price target on the stock in a report on Monday, October 27th. BNP Paribas Exane began coverage on General Dynamics in a research note on Tuesday, November 18th. They issued an “outperform” rating and a $410.00 target price on the stock. The Goldman Sachs Group boosted their target price on shares of General Dynamics from $280.00 to $293.00 and gave the stock a “sell” rating in a report on Friday, October 10th. JPMorgan Chase & Co. raised their price target on shares of General Dynamics from $345.00 to $380.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Finally, Robert W. Baird set a $390.00 price objective on shares of General Dynamics in a research note on Monday, October 27th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, General Dynamics presently has an average rating of “Moderate Buy” and an average target price of $358.25.

About General Dynamics

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.