General Dynamics Corporation $GD Shares Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. increased its stake in General Dynamics Corporation (NYSE:GD) by 3.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 116,323 shares of the aerospace company’s stock after buying an additional 3,655 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in General Dynamics were worth $38,737,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the stock. Caisse de depot et placement du Quebec grew its holdings in 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 valued at $64,088,000 after buying an additional 148,262 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of General Dynamics during the second quarter valued at about $21,368,000. United Capital Financial Advisors LLC bought a new stake in shares of General Dynamics during the second quarter valued at about $30,781,000. Professional Advisory Services Inc. lifted 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 worth $23,744,000 after buying an additional 2,562 shares in the last quarter. Finally, FSA Advisors Inc. purchased a new stake in shares of General Dynamics in the second quarter worth about $1,254,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GD. Bank of America boosted their price objective on shares of General Dynamics from $400.00 to $415.00 and gave the company a “buy” rating in a research note on Monday, July 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $384.00 target price on shares of General Dynamics in a report on Thursday, July 30th. TD Cowen lowered their target price on shares of General Dynamics from $420.00 to $380.00 and set a “buy” rating on the stock in a research note on Friday, October 9th. Robert W. Baird set a $430.00 price target on shares of General Dynamics in a report on Thursday, July 30th. Finally, BNP Paribas Exane upped their price target on shares of General Dynamics from $390.00 to $430.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. One 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 issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $402.32.

General Dynamics Stock Performance

Shares of GD opened at $343.96 on Friday. General Dynamics Corporation has a 12-month low of $306.77 and a 12-month high of $400.00. The company has a current ratio of 1.44, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23. The company has a market cap of $93.06 billion, a PE ratio of 20.99, a price-to-earnings-growth ratio of 1.99 and a beta of 0.33. The stock has a 50-day moving average price of $358.49 and a 200-day moving average price of $355.01.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $4.24 EPS for the quarter, topping the consensus estimate of $3.96 by $0.28. The company had revenue of $14.09 billion during the quarter, compared to analyst estimates of $13.52 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%. General Dynamics’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.74 earnings per share. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. As a group, equities analysts forecast that General Dynamics Corporation will post 16.98 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be given a dividend of $1.59 per share. The ex-dividend date is Friday, October 9th. This represents a $6.36 annualized dividend and a yield of 1.8%. General Dynamics’s payout ratio is presently 38.80%.

Insiders Place Their Bets

In other General Dynamics news, EVP Marguerite Gilliland sold 43,180 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president owned 44,767 shares of the company’s stock, valued at $16,923,716.68. The trade was a 49.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Phebe Novakovic sold 51,568 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $382.58, for a total transaction of $19,728,885.44. Following the completion of the transaction, the chief executive officer directly owned 766,457 shares in the company, valued at $293,231,119.06. The trade was a 6.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 102,188 shares of company stock valued at $38,627,265 in the last quarter. Corporate insiders own 1.40% of the company’s stock.

Key Stories Impacting General Dynamics

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

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.