TD Waterhouse Canada Inc. Acquires 3,655 Shares of General Dynamics Corporation $GD

TD Waterhouse Canada Inc. boosted its holdings in shares of General Dynamics Corporation (NYSE:GD) by 3.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 116,323 shares of the aerospace company’s stock after buying an additional 3,655 shares during the period. TD Waterhouse Canada Inc.’s holdings in General Dynamics were worth $38,737,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in GD. Caisse de depot et placement du Quebec lifted its position in shares of General Dynamics by 454.0% during the 2nd quarter. Caisse de depot et placement du Quebec now owns 180,917 shares of the aerospace company’s stock worth $64,088,000 after buying an additional 148,262 shares in the last quarter. Empowered Funds LLC bought a new position in shares of General Dynamics in the second quarter valued at approximately $21,368,000. United Capital Financial Advisors LLC bought a new position in shares of General Dynamics in the second quarter valued at approximately $30,781,000. Professional Advisory Services Inc. grew its holdings in shares of General Dynamics by 4.0% in the second quarter. Professional Advisory Services Inc. now owns 67,028 shares of the aerospace company’s stock valued at $23,744,000 after acquiring an additional 2,562 shares in the last quarter. Finally, FSA Advisors Inc. purchased a new stake in shares of General Dynamics during the second quarter valued at approximately $1,254,000. 86.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GD has been the topic of a number of recent analyst reports. UBS Group lifted their price target on General Dynamics from $395.00 to $408.00 and gave the stock a “neutral” rating in a report on Tuesday, September 8th. Wall Street Zen cut General Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Susquehanna boosted their price target on shares of General Dynamics from $420.00 to $455.00 and gave the stock a “positive” rating in a report on Thursday, July 30th. TD Cowen cut their price target on shares of General Dynamics from $420.00 to $380.00 and set a “buy” rating on the stock in a report on Friday, October 9th. Finally, Sanford C. Bernstein reduced their price target on shares of General Dynamics from $407.00 to $365.00 and set a “market perform” rating for the company in a research report on Wednesday. One 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. Based on data from MarketBeat, General Dynamics currently has a consensus rating of “Moderate Buy” and an average target price of $402.32.

General Dynamics Trading Up 2.1%

Shares of GD stock opened at $343.96 on Friday. The company has a 50 day moving average of $358.49 and a 200-day moving average of $355.01. 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 Corporation has a 12-month low of $306.77 and a 12-month high of $400.00. The firm has a market cap of $93.06 billion, a P/E ratio of 20.99, a PEG ratio of 1.99 and a beta of 0.33.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 EPS 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 company had revenue of $14.09 billion for the quarter, compared to analysts’ expectations of $13.52 billion. During the same quarter in the previous year, the firm posted $3.74 EPS. General Dynamics’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. Sell-side analysts anticipate that General Dynamics Corporation will post 16.98 earnings per share for the current year.

General Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors 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 yield of 1.8%. The ex-dividend date is Friday, October 9th. General Dynamics’s payout ratio is currently 38.80%.

Key General Dynamics News

Here are the key news stories impacting General Dynamics this week:

• Positive Sentiment: Potentially greater allied defense spending could support General Dynamics over the long term. Proposed changes to Norway’s sovereign wealth fund rules may allow investment in additional Western defense contractors, while broader NATO and AUKUS-related activity reinforces demand for submarines, nuclear systems and other defense capabilities. Norway’s $2 trillion wealth fund was frozen out of major defense companies. That may be about to change
• Positive Sentiment: General Dynamics’ leadership transition is receiving attention after the company named Deep as chief executive. A new CEO could provide a catalyst for execution improvements across the defense and information-technology businesses, although the near-term financial impact is unclear. General Dynamics names Deep CEO
• Neutral Sentiment: RBC Capital Markets maintained a Hold/Sector Perform view, indicating that the firm sees balanced upside and downside risks rather than a clear catalyst. Bernstein also reiterated its Hold rating. RBC Capital Remains a Hold on General Dynamics
• Negative Sentiment: RBC cut its price target on GD to $360 from $410 while retaining a Sector Perform rating. The reduction signals diminished near-term confidence in valuation and upside potential. RBC Cuts Price Target on General Dynamics
• Negative Sentiment: RBC also flagged supply-chain challenges and possible defense-budget risks. These issues could delay deliveries, pressure margins or make future revenue growth less predictable. General Dynamics Faces Supply Chain, Budget Risks

Insider Activity at General Dynamics

In related news, Director Robert K. Steel sold 7,440 shares of the business’s stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $346.05, for a total value of $2,574,612.00. Following the sale, the director directly owned 3,096 shares in the company, valued at approximately $1,071,370.80. The trade was a 70.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Marguerite Gilliland sold 43,180 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $378.04, for a total transaction of $16,323,767.20. Following the sale, the executive vice president directly owned 44,767 shares in the company, valued at approximately $16,923,716.68. This trade represents a 49.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 102,188 shares of company stock worth $38,627,265. Company insiders own 1.40% of the company’s stock.

General Dynamics Company Profile

General Dynamics Corporation (NYSE: GD) is a global aerospace and defense company that develops, manufactures and supports products and services for government and commercial customers. Its operations serve the U.S. government, allied nations and other customers worldwide, with a significant focus on national security, military modernization and mission support.

The company operates through four primary business areas. Aerospace provides Gulfstream business jets and related aircraft services through Gulfstream Aerospace, as well as aircraft management, charter, maintenance and completions services through Jet Aviation.