General Dynamics Corporation $GD Stock Holdings Boosted by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp lifted its position in General Dynamics Corporation (NYSE:GD) by 10.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,312 shares of the aerospace company’s stock after buying an additional 1,827 shares during the period. OMERS ADMINISTRATION Corp’s holdings in General Dynamics were worth $6,841,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Biondo Investment Advisors LLC acquired a new position in shares of General Dynamics in the 2nd quarter worth approximately $8,883,000. Meiji Yasuda Asset Management Co Ltd. raised its stake in General Dynamics by 7.0% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,524 shares of the aerospace company’s stock valued at $1,957,000 after purchasing an additional 359 shares during the period. Compass Financial Management LLC acquired a new position in General Dynamics during the second quarter valued at $169,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of General Dynamics by 5.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 48,372 shares of the aerospace company’s stock worth $17,135,000 after purchasing an additional 2,533 shares in the last quarter. Finally, Gabelli Funds LLC lifted its position in General Dynamics by 9.5% in the 2nd quarter. Gabelli Funds LLC now owns 8,451 shares of the aerospace company’s stock worth $2,994,000 after buying an additional 731 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $384.00 target price on shares of General Dynamics in a research report on Thursday, July 30th. UBS Group raised their price target on shares of General Dynamics from $366.00 to $395.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. DA Davidson decreased their price objective on shares of General Dynamics from $384.00 to $375.00 in a report on Thursday, April 30th. The Goldman Sachs Group lowered their target price on shares of General Dynamics from $327.00 to $313.00 and set a “sell” rating on the stock in a research report on Monday, May 4th. Finally, Wall Street Zen lowered General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, General Dynamics currently has a consensus rating of “Moderate Buy” and a consensus price target of $410.89.

Insiders Place Their Bets

In related news, Director Mark Malcolm sold 5,480 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $365.00, for a total transaction of $2,000,200.00. Following the completion of the sale, the director directly 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 document filed with the SEC, which is available at this hyperlink. Also, EVP Marguerite Amy Gilliland sold 43,180 shares of the firm’s stock in a transaction on Friday, July 31st. The shares were 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 approximately $16,923,716.68. This trade represents a 49.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 100,228 shares of company stock worth $38,052,853 over the last three months. 1.40% of the stock is currently owned by corporate insiders.

General Dynamics Stock Down 0.2%

Shares of GD stock opened at $383.56 on Tuesday. General Dynamics Corporation has a 12 month low of $306.77 and a 12 month high of $400.00. The company has a quick ratio of 0.96, a current ratio of 1.44 and a debt-to-equity ratio of 0.23. The firm has a market cap of $103.78 billion, a PE ratio of 23.40, a price-to-earnings-growth ratio of 2.22 and a beta of 0.32. The stock has a 50 day moving average of $374.64 and a 200-day moving average of $356.08.

General Dynamics (NYSE:GD) last released its earnings results 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 business had revenue of $14.09 billion during the quarter, compared to analysts’ expectations of $13.52 billion. During the same quarter last year, the company earned $3.74 earnings per share. 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. On average, equities analysts predict that General Dynamics Corporation will post 16.97 EPS for the current year.

General Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be given a $1.59 dividend. This represents a $6.36 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, October 9th. General Dynamics’s dividend payout ratio is 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.