General Dynamics Corporation $GD Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. decreased its holdings in General Dynamics Corporation (NYSE:GD) by 41.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 55,165 shares of the aerospace company’s stock after selling 39,007 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in General Dynamics were worth $19,542,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Whipplewood Advisors LLC grew its stake in shares of General Dynamics by 1,725.0% during the 1st quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $25,000 after buying an additional 69 shares during the period. Paladin Partners LLC acquired a new stake in shares of General Dynamics during the 2nd quarter worth $30,000. Scarborough Advisors LLC purchased a new position in shares of General Dynamics in the 1st quarter worth $29,000. Wilkerson Advisory Group LLC raised its position in shares of General Dynamics by 79.6% in the 1st quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company’s stock worth $30,000 after buying an additional 39 shares during the period. Finally, Motiv8 Investments LLC acquired a new position in General Dynamics in the fourth quarter valued at $31,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on GD shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $384.00 price target on shares of General Dynamics in a research report on Thursday, July 30th. Bank of America lifted their price objective on General Dynamics from $400.00 to $415.00 and gave the company a “buy” rating in a research note on Monday, July 6th. The Goldman Sachs Group decreased their target price on General Dynamics from $327.00 to $313.00 and set a “sell” rating for the company in a report on Monday, May 4th. JPMorgan Chase & Co. increased their target price on shares of General Dynamics from $385.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings upgraded shares of General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $410.89.

Insider Activity at General Dynamics

In related news, EVP Marguerite Amy Gilliland sold 43,180 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $378.04, for a total transaction of $16,323,767.20. Following the transaction, the executive vice president directly owned 44,767 shares of the company’s stock, valued at approximately $16,923,716.68. The trade was a 49.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Phebe N. Novakovic sold 51,568 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $382.58, for a total value of $19,728,885.44. Following the completion of the transaction, the chief executive officer owned 766,457 shares of the company’s stock, valued at approximately $293,231,119.06. This represents a 6.30% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 100,228 shares of company stock worth $38,052,853. 1.40% of the stock is currently owned by company insiders.

General Dynamics Stock Down 1.9%

Shares of General Dynamics stock opened at $376.49 on Wednesday. General Dynamics Corporation has a twelve month low of $306.77 and a twelve month high of $400.00. The stock has a market cap of $101.86 billion, a price-to-earnings ratio of 22.97, a price-to-earnings-growth ratio of 2.22 and a beta of 0.33. The company has a current ratio of 1.44, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23. The company has a fifty day moving average price of $374.88 and a 200 day moving average price of $356.25.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $4.24 EPS for the quarter, beating the consensus estimate of $3.96 by $0.28. The company had revenue of $14.09 billion for the quarter, compared to analyst estimates of $13.52 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The firm’s revenue was up 8.1% compared to the same quarter last year. During the same period last year, the company posted $3.74 earnings per share. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Equities research analysts forecast that General Dynamics Corporation will post 16.97 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 9th will be paid a $1.59 dividend. The ex-dividend date is Friday, October 9th. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.7%. General Dynamics’s dividend payout ratio (DPR) is 38.80%.

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.