General Dynamics Corporation $GD Stake Boosted by Caisse de depot et placement du Quebec

Caisse de depot et placement du Quebec lifted its stake in General Dynamics Corporation (NYSE:GD) by 454.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 180,917 shares of the aerospace company’s stock after acquiring an additional 148,262 shares during the quarter. Caisse de depot et placement du Quebec’s holdings in General Dynamics were worth $64,088,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Jefferies Financial Group Inc. acquired a new position in shares of General Dynamics during the 4th quarter worth about $7,914,000. Deutsche Bank AG grew its holdings in shares of General Dynamics by 12.2% during the 4th quarter. Deutsche Bank AG now owns 939,264 shares of the aerospace company’s stock worth $316,213,000 after purchasing an additional 102,208 shares in the last quarter. Professional Advisory Services Inc. increased its position in shares of General Dynamics by 4.0% during the second quarter. Professional Advisory Services Inc. now owns 67,028 shares of the aerospace company’s stock valued at $23,744,000 after purchasing an additional 2,562 shares during the period. Rayburn West Financial Services LLC acquired a new position in shares of General Dynamics in the fourth quarter valued at $2,387,000. Finally, OMERS ADMINISTRATION Corp lifted its position in General Dynamics by 22.1% in the first quarter. OMERS ADMINISTRATION Corp now owns 17,485 shares of the aerospace company’s stock worth $6,001,000 after purchasing an additional 3,159 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Stock Down 0.5%

GD opened at $380.01 on Friday. The firm’s 50-day simple moving average is $375.86 and its 200-day simple moving average is $356.60. 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 Corporation has a twelve month low of $306.77 and a twelve month high of $400.00. The firm has a market cap of $102.82 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 2.21 and a beta of 0.33.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.28. The firm had revenue of $14.09 billion during the quarter, compared to the consensus estimate of $13.52 billion. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm posted $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Equities research analysts anticipate that General Dynamics Corporation will post 16.97 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The company also recently announced 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. The ex-dividend date 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%.

Insider Transactions at General Dynamics

In related news, CEO Phebe N. Novakovic sold 51,568 shares of General Dynamics stock in a transaction dated Monday, August 3rd. The stock was 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 of the company’s stock, valued at $293,231,119.06. The trade was a 6.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Marguerite Amy Gilliland sold 43,180 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president owned 44,767 shares in the company, valued at $16,923,716.68. The trade was a 49.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 100,228 shares of company stock valued at $38,052,853 in the last three months. 1.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Morgan Stanley boosted their price target on shares of General Dynamics from $435.00 to $465.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Jefferies Financial Group raised their price objective 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. UBS Group lifted their target price on shares of General Dynamics from $366.00 to $395.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Robert W. Baird set a $430.00 price target on shares of General Dynamics in a research report on Thursday, July 30th. Finally, BNP Paribas Exane raised their price target on shares of General Dynamics from $390.00 to $430.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, General Dynamics presently has an average rating of “Moderate Buy” and a consensus target price of $410.89.

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.