General Dynamics Corporation $GD Shares Bought by Cibc World Market Inc.

Cibc World Market Inc. lifted its holdings in General Dynamics Corporation (NYSE:GD) by 23.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 66,317 shares of the aerospace company’s stock after buying an additional 12,548 shares during the quarter. Cibc World Market Inc.’s holdings in General Dynamics were worth $22,614,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. boosted its stake in General Dynamics by 3,306.5% in the third quarter. Pacer Advisors Inc. now owns 871,052 shares of the aerospace company’s stock valued at $297,029,000 after acquiring an additional 845,482 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of General Dynamics by 25.2% in the 2nd 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. Prudential Financial Inc. boosted its position in General Dynamics by 142.5% during the 2nd quarter. Prudential Financial Inc. now owns 438,311 shares of the aerospace company’s stock valued at $127,838,000 after purchasing an additional 257,534 shares during the period. AQR Capital Management LLC grew its stake in General Dynamics by 43.0% during the 2nd quarter. AQR Capital Management LLC now owns 762,168 shares of the aerospace company’s stock worth $222,294,000 after buying an additional 229,352 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in General Dynamics in the second quarter worth $66,599,000. Institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on GD shares. Argus upped their price target on shares of General Dynamics from $345.00 to $380.00 and gave the stock a “buy” rating in a research report on Wednesday, November 19th. Robert W. Baird set a $390.00 target price on shares of General Dynamics in a research report on Monday, October 27th. Sanford C. Bernstein restated a “market perform” rating and issued a $398.00 price target on shares of General Dynamics in a research note on Monday, January 12th. Melius Research upgraded General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 28th. Finally, Wolfe Research increased their price objective on General Dynamics from $400.00 to $415.00 and gave the stock an “outperform” rating in a report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $375.47.

General Dynamics Stock Performance

Shares of NYSE GD opened at $346.81 on Thursday. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $369.70. The firm has a market cap of $93.78 billion, a P/E ratio of 22.45, a PEG ratio of 2.14 and a beta of 0.41. The stock has a fifty day moving average price of $350.28 and a two-hundred day moving average price of $337.73. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.89 and a current ratio of 1.44.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, January 28th. The aerospace company reported $4.17 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 company had revenue of $14.38 billion for the quarter, compared to the consensus estimate of $13.77 billion. During the same quarter in the previous year, the business earned $4.15 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. Research analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 6th. Stockholders of record on Friday, January 16th were given a dividend of $1.50 per share. The ex-dividend date was Friday, January 16th. This represents a $6.00 annualized dividend and a dividend yield of 1.7%. General Dynamics’s dividend payout ratio (DPR) is 38.83%.

Insider Activity

In other General Dynamics news, VP David Paddock sold 20,360 shares of General Dynamics stock in a transaction that occurred 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 transaction, the vice president owned 36,644 shares in the company, valued at approximately $12,272,808.48. The trade was a 35.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is owned by corporate insiders.

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.