TD Asset Management Inc Buys 10,121 Shares of General Dynamics Corporation $GD

TD Asset Management Inc increased its stake in shares of General Dynamics Corporation (NYSE:GD) by 5.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 208,403 shares of the aerospace company’s stock after acquiring an additional 10,121 shares during the period. TD Asset Management Inc owned about 0.08% of General Dynamics worth $71,065,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Gold Investment Management Ltd. lifted its holdings in General Dynamics by 73.5% during the 3rd quarter. Gold Investment Management Ltd. now owns 10,700 shares of the aerospace company’s stock valued at $3,649,000 after purchasing an additional 4,532 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of General Dynamics by 3.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 917,424 shares of the aerospace company’s stock worth $312,842,000 after buying an additional 32,262 shares during the last quarter. Davis Capital Management acquired a new stake in shares of General Dynamics during the 3rd quarter worth about $1,007,000. Rockland Trust Co. boosted its holdings in shares of General Dynamics by 703.4% during the 3rd quarter. Rockland Trust Co. now owns 10,548 shares of the aerospace company’s stock worth $3,597,000 after buying an additional 9,235 shares during the period. Finally, Los Angeles Capital Management LLC grew its stake in General Dynamics by 20.9% in the 2nd quarter. Los Angeles Capital Management LLC now owns 299,137 shares of the aerospace company’s stock valued at $87,246,000 after buying an additional 51,655 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on General Dynamics from $380.00 to $385.00 and gave the stock an “overweight” rating in a report on Friday, December 19th. Argus boosted their price target on General Dynamics from $380.00 to $395.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Morgan Stanley upped their price objective on General Dynamics from $408.00 to $410.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. Jefferies Financial Group lifted their target price on General Dynamics from $360.00 to $385.00 and gave the stock a “hold” rating in a report on Sunday, February 1st. Finally, Wolfe Research boosted their target price on shares of General Dynamics from $400.00 to $415.00 and gave the company an “outperform” rating in a research report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, General Dynamics currently has a consensus rating of “Moderate Buy” and a consensus price target of $376.26.

General Dynamics Stock Performance

GD opened at $350.72 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. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $369.70. The firm has a market cap of $94.83 billion, a P/E ratio of 22.70, a price-to-earnings-growth ratio of 2.05 and a beta of 0.41. The business’s fifty day moving average is $352.42 and its 200-day moving average is $340.24.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $13.77 billion. During the same quarter in the prior year, the business 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. Sell-side analysts expect that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 6th. Investors 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 currently 38.83%.

Insider Buying and Selling

In other General Dynamics news, VP Mark Rayha sold 4,370 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $348.79, for a total transaction of $1,524,212.30. Following the completion of the transaction, the vice president directly owned 7,936 shares in the company, valued at $2,767,997.44. The trade was a 35.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP David Paddock sold 20,360 shares of the firm’s 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 completion of the sale, the vice president directly owned 36,644 shares in the company, valued at approximately $12,272,808.48. This represents a 35.72% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.50% of the company’s stock.

General Dynamics 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.