CIBC Bancorp USA Inc. Invests $12.79 Million in General Dynamics Corporation $GD

CIBC Bancorp USA Inc. purchased a new position in shares of General Dynamics Corporation (NYSE:GD) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 37,504 shares of the aerospace company’s stock, valued at approximately $12,789,000.

Other large investors have also bought and sold shares of the company. Dunhill Financial LLC grew its holdings in General Dynamics by 620.0% during the 3rd quarter. Dunhill Financial LLC now owns 72 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 62 shares during the period. Halbert Hargrove Global Advisors LLC acquired a new position in shares of General Dynamics in the 3rd quarter valued at $26,000. Louisbourg Investments Inc. bought a new position in shares of General Dynamics in the 3rd quarter worth $27,000. Redmont Wealth Advisors LLC bought a new position in shares of General Dynamics in the 3rd quarter worth $30,000. Finally, Financial Life Planners acquired a new stake in shares of General Dynamics during the third quarter worth $33,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at General Dynamics

In other General Dynamics news, EVP Mark Lagrand Burns sold 10,153 shares of General Dynamics stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $354.95, for a total value of $3,603,807.35. Following the transaction, the executive vice president owned 38,975 shares of the company’s stock, valued at approximately $13,834,176.25. The trade was a 20.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Phebe N. Novakovic sold 32,918 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $354.09, for a total transaction of $11,655,934.62. Following the sale, the chief executive officer directly owned 766,457 shares of the company’s stock, valued at $271,394,759.13. This represents a 4.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 51,260 shares of company stock worth $18,133,971. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on GD shares. Bank of America reiterated a “buy” rating and issued a $400.00 price objective on shares of General Dynamics in a report on Friday, January 30th. TD Cowen boosted their target price on General Dynamics from $370.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Morgan Stanley upped their price target on General Dynamics from $408.00 to $410.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of General Dynamics in a research report on Thursday, January 22nd. Finally, Citigroup boosted their price objective on shares of General Dynamics from $371.00 to $389.00 and gave the company a “neutral” rating in a report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $376.26.

General Dynamics Stock Down 1.1%

NYSE:GD opened at $349.49 on Friday. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $369.70. The stock has a 50-day moving average price of $356.36 and a two-hundred day moving average price of $344.36. The stock has a market cap of $94.50 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 2.10 and a beta of 0.39. The company has a current ratio of 1.44, a quick ratio of 0.89 and a debt-to-equity ratio of 0.27.

General Dynamics (NYSE:GD) last released its quarterly earnings results 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 analyst estimates of $13.77 billion. During the same quarter last year, the firm posted $4.15 earnings per share. General Dynamics’s 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. As a group, equities analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Increases Dividend

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

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.