The Manufacturers Life Insurance Company Trims Stock Holdings in General Dynamics Corporation $GD

The Manufacturers Life Insurance Company trimmed its position in General Dynamics Corporation (NYSE:GD) by 4.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 128,287 shares of the aerospace company’s stock after selling 6,126 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in General Dynamics were worth $45,444,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in GD. Sequoia Financial Advisors LLC lifted its stake in shares of General Dynamics by 9.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 55,163 shares of the aerospace company’s stock valued at $19,541,000 after buying an additional 4,734 shares in the last quarter. MCF Advisors LLC raised its holdings in General Dynamics by 10.8% during the second quarter. MCF Advisors LLC now owns 3,265 shares of the aerospace company’s stock valued at $1,157,000 after acquiring an additional 318 shares during the period. Archford Capital Strategies LLC boosted its stake in shares of General Dynamics by 27.9% in the second quarter. Archford Capital Strategies LLC now owns 10,407 shares of the aerospace company’s stock worth $3,687,000 after acquiring an additional 2,269 shares during the period. National Pension Service grew its position in shares of General Dynamics by 2.2% during the second quarter. National Pension Service now owns 756,122 shares of the aerospace company’s stock worth $267,849,000 after purchasing an additional 16,386 shares in the last quarter. Finally, Engineers Gate Manager LP grew its position in shares of General Dynamics by 19.6% during the second quarter. Engineers Gate Manager LP now owns 63,530 shares of the aerospace company’s stock worth $22,505,000 after purchasing an additional 10,399 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Transactions at General Dynamics

In other General Dynamics news, Director Mark Malcolm sold 5,480 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $365.00, for a total value of $2,000,200.00. Following the completion of the sale, the director directly owned 10,643 shares in the company, valued at $3,884,695. This trade represents a 33.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Marguerite Gilliland sold 43,180 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $378.04, for a total value of $16,323,767.20. Following the completion of the sale, the executive vice president directly owned 44,767 shares of the company’s stock, valued at $16,923,716.68. The trade was a 49.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 100,228 shares of company stock valued at $38,052,853 in the last 90 days. Insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Robert W. Baird set a $430.00 price target on General Dynamics in a research note on Thursday, July 30th. Weiss Ratings raised shares of General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 1st. Citigroup lifted their price target on shares of General Dynamics from $364.00 to $404.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. BNP Paribas Exane increased their price objective on shares of General Dynamics from $390.00 to $430.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Finally, Wall Street Zen downgraded General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $411.58.

General Dynamics Price Performance

Shares of GD stock opened at $356.44 on Friday. The company has a market capitalization of $96.44 billion, a P/E ratio of 21.75, a P/E/G ratio of 2.04 and a beta of 0.32. The company’s 50-day simple moving average is $377.84 and its two-hundred day simple moving average is $357.53. General Dynamics Corporation has a one year low of $306.77 and a one year high of $400.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.44 and a quick ratio of 0.96.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share for the quarter, beating analysts’ consensus estimates of $3.96 by $0.28. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The business had revenue of $14.09 billion during the quarter, compared to analyst estimates of $13.52 billion. During the same period in the previous year, the company posted $3.74 EPS. General Dynamics’s revenue was up 8.1% on a year-over-year basis. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. As a group, equities analysts anticipate that General Dynamics Corporation will post 16.99 EPS for the current year.

General Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 9th will be given a $1.59 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.8%. General Dynamics’s payout ratio is presently 38.80%.

General Dynamics Company Profile

General Dynamics Corporation (NYSE:GD) is an aerospace and defense company that develops and delivers products and services for government and commercial customers. Its operations are organized across four principal business areas: Aerospace, Marine Systems, Combat Systems and Technologies.

Through its Aerospace business, General Dynamics manufactures Gulfstream business jets and provides aircraft maintenance, repair and refurbishment services. Its Marine Systems businesses design and build nuclear-powered submarines and surface ships, while Combat Systems produces military vehicles, weapons systems and munitions.