General Dynamics Corporation $GD Shares Sold by Bank of Nova Scotia

Bank of Nova Scotia lessened its stake in General Dynamics Corporation (NYSE:GD) by 35.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,619 shares of the aerospace company’s stock after selling 51,900 shares during the quarter. Bank of Nova Scotia’s holdings in General Dynamics were worth $32,265,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GD. Boothbay Fund Management LLC purchased a new position in General Dynamics in the third quarter valued at about $692,000. 1858 Wealth Management LLC grew its holdings in shares of General Dynamics by 7.0% in the 3rd quarter. 1858 Wealth Management LLC now owns 3,485 shares of the aerospace company’s stock worth $1,188,000 after acquiring an additional 229 shares during the period. Algert Global LLC purchased a new position in General Dynamics in the 3rd quarter valued at approximately $1,424,000. Alliancebernstein L.P. raised its holdings in General Dynamics by 3.7% during the third quarter. Alliancebernstein L.P. now owns 266,226 shares of the aerospace company’s stock worth $90,783,000 after purchasing an additional 9,426 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in General Dynamics by 5.4% during the third quarter. Ameriprise Financial Inc. now owns 3,627,155 shares of the aerospace company’s stock worth $1,236,900,000 after purchasing an additional 187,435 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Stock Performance

Shares of NYSE GD opened at $354.57 on Tuesday. The company has a market cap of $95.87 billion, a PE ratio of 22.95, a price-to-earnings-growth ratio of 2.10 and a beta of 0.39. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $369.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.44 and a quick ratio of 0.89. The company has a 50-day simple moving average of $356.33 and a 200-day simple moving average of $344.03.

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

General Dynamics Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 10th will be issued a dividend of $1.59 per share. This represents a $6.36 annualized dividend and a dividend yield of 1.8%. This is a positive change from General Dynamics’s previous quarterly dividend of $1.50. The ex-dividend date is Friday, April 10th. General Dynamics’s payout ratio is 38.83%.

Insiders Place Their Bets

In related news, CEO Phebe N. Novakovic sold 32,918 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $354.09, for a total value of $11,655,934.62. Following the completion of the transaction, the chief executive officer directly owned 766,457 shares in the company, valued at approximately $271,394,759.13. This represents a 4.12% 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 the stock in a transaction dated Wednesday, December 17th. The stock was 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 $12,272,808.48. This trade represents a 35.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 71,620 shares of company stock valued at $24,952,942. 1.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have weighed in on GD. BNP Paribas Exane lowered their target price on General Dynamics from $420.00 to $410.00 and set an “outperform” rating on the stock in a report on Thursday, January 29th. UBS Group set a $393.00 price objective on shares of General Dynamics in a research report on Thursday, January 29th. Wall Street Zen cut shares of General Dynamics from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. JPMorgan Chase & Co. raised their target price on shares of General Dynamics from $380.00 to $385.00 and gave the company an “overweight” rating in a report on Friday, December 19th. Finally, Bank of America reaffirmed a “buy” rating and issued a $400.00 price target on shares of General Dynamics in a report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $376.26.

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.