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

TD Asset Management Inc grew its stake in shares of General Dynamics Corporation (NYSE:GD) by 5.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 208,403 shares of the aerospace company’s stock after buying an additional 10,121 shares during the quarter. TD Asset Management Inc’s holdings in General Dynamics were worth $71,065,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of GD. Halbert Hargrove Global Advisors LLC bought a new stake in General Dynamics during the 3rd quarter worth $26,000. Louisbourg Investments Inc. acquired a new stake in shares of General Dynamics during the third quarter valued at about $27,000. Redmont Wealth Advisors LLC bought a new stake in shares of General Dynamics during the third quarter worth about $30,000. Vermillion & White Wealth Management Group LLC increased its stake in shares of General Dynamics by 80.3% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 110 shares of the aerospace company’s stock valued at $32,000 after buying an additional 49 shares during the period. Finally, NewSquare Capital LLC raised its holdings in General Dynamics by 64.7% in the 2nd quarter. NewSquare Capital LLC now owns 112 shares of the aerospace company’s stock valued at $33,000 after buying an additional 44 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GD has been the topic of a number of research reports. Argus boosted their target price on shares of General Dynamics from $380.00 to $395.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a research note on Thursday, January 22nd. Jefferies Financial Group increased their price objective on General Dynamics from $360.00 to $385.00 and gave the company a “hold” rating in a report on Sunday, February 1st. Wall Street Zen downgraded General Dynamics from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Citigroup increased their price target on General Dynamics from $371.00 to $389.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $376.26.

General Dynamics Stock Performance

Shares of GD opened at $350.72 on Friday. The company has a current ratio of 1.44, a quick ratio of 0.89 and a debt-to-equity ratio of 0.27. The firm’s fifty day simple moving average is $352.42 and its two-hundred day simple moving average is $340.24. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $369.70. The stock has a market capitalization 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.

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 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 period in the previous year, the business earned $4.15 EPS. The firm’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, analysts predict that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 6th. Shareholders of record on Friday, January 16th were issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, January 16th. General Dynamics’s dividend payout ratio is presently 38.83%.

Insider Activity at General Dynamics

In other news, VP Mark Rayha sold 4,370 shares of General Dynamics stock in a transaction on Friday, February 13th. The shares were sold at an average price of $348.79, for a total value of $1,524,212.30. Following the completion of the sale, the vice president owned 7,936 shares in the company, valued at $2,767,997.44. The trade was a 35.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP David Paddock sold 20,360 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $334.92, for a total transaction of $6,818,971.20. Following the transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 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.