Alberta Investment Management Corp Takes $3.14 Million Position in General Dynamics Corporation $GD

Alberta Investment Management Corp bought a new position in General Dynamics Corporation (NYSE:GD) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 9,212 shares of the aerospace company’s stock, valued at approximately $3,141,000.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in General Dynamics by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 24,238,561 shares of the aerospace company’s stock worth $8,265,349,000 after buying an additional 677,665 shares during the period. State Street Corp raised its stake in shares of General Dynamics by 1.1% during the second quarter. State Street Corp now owns 11,140,437 shares of the aerospace company’s stock valued at $3,249,220,000 after acquiring an additional 119,664 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of General Dynamics by 25.2% in the second quarter. Ameriprise Financial Inc. now owns 3,439,720 shares of the aerospace company’s stock worth $1,003,444,000 after purchasing an additional 691,340 shares during the last quarter. Invesco Ltd. increased its holdings in General Dynamics by 0.4% in the second quarter. Invesco Ltd. now owns 2,385,573 shares of the aerospace company’s stock valued at $695,776,000 after purchasing an additional 9,283 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in General Dynamics by 2.5% during the 2nd quarter. Franklin Resources Inc. now owns 1,712,190 shares of the aerospace company’s stock worth $499,377,000 after buying an additional 41,349 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Mark Rayha sold 4,370 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $348.79, for a total value of $1,524,212.30. Following the transaction, the vice president owned 7,936 shares of the company’s stock, valued at approximately $2,767,997.44. This represents a 35.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP David Paddock sold 20,360 shares of General Dynamics stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $334.92, for a total value of $6,818,971.20. Following the sale, the vice president directly owned 36,644 shares of the company’s stock, valued at $12,272,808.48. This represents a 35.72% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.50% of the stock is owned by insiders.

General Dynamics Stock Performance

NYSE GD opened at $354.35 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.89 and a current ratio of 1.44. The company has a market capitalization of $95.81 billion, a PE ratio of 22.94, a price-to-earnings-growth ratio of 2.09 and a beta of 0.41. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $369.70. The company has a 50-day simple moving average of $351.30 and a 200 day simple moving average of $339.01.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.11 by $0.06. General Dynamics had a return on equity of 17.57% and a net margin of 8.01%.The business had revenue of $14.38 billion for the quarter, compared to analysts’ expectations of $13.77 billion. During the same quarter in the prior year, the firm posted $4.15 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. On average, research analysts predict that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 6th. Shareholders of record on Friday, January 16th were paid a $1.50 dividend. The ex-dividend date was Friday, January 16th. This represents a $6.00 annualized dividend and a yield of 1.7%. General Dynamics’s dividend payout ratio is currently 38.83%.

Wall Street Analysts Forecast Growth

GD has been the topic of a number of recent analyst reports. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $398.00 price objective on shares of General Dynamics in a research note on Monday, January 12th. Citigroup upped their price objective on shares of General Dynamics from $371.00 to $389.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. Morgan Stanley lifted their price objective on General Dynamics from $408.00 to $410.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Susquehanna reiterated a “positive” rating and set a $420.00 target price on shares of General Dynamics in a research report on Thursday, January 15th. Finally, Robert W. Baird set a $390.00 price target on General Dynamics in a research note on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $375.47.

About General Dynamics

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.