National Bank of Canada FI Sells 134,191 Shares of General Dynamics Corporation $GD

National Bank of Canada FI trimmed its position in General Dynamics Corporation (NYSE:GD) by 26.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 374,153 shares of the aerospace company’s stock after selling 134,191 shares during the quarter. National Bank of Canada FI owned about 0.14% of General Dynamics worth $109,127,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GD. Brighton Jones LLC increased its stake in General Dynamics by 16.9% in the 4th quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock worth $760,000 after acquiring an additional 417 shares during the last quarter. Vestmark Advisory Solutions Inc. grew its holdings in shares of General Dynamics by 72.4% in the first quarter. Vestmark Advisory Solutions Inc. now owns 6,157 shares of the aerospace company’s stock valued at $1,678,000 after purchasing an additional 2,586 shares in the last quarter. Horizon Investments LLC increased its position in General Dynamics by 2.9% in the first quarter. Horizon Investments LLC now owns 4,644 shares of the aerospace company’s stock worth $1,259,000 after purchasing an additional 132 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in General Dynamics by 8.4% during the first quarter. EverSource Wealth Advisors LLC now owns 2,904 shares of the aerospace company’s stock valued at $792,000 after purchasing an additional 225 shares in the last quarter. Finally, Ethic Inc. lifted its position in General Dynamics by 19.7% during the first quarter. Ethic Inc. now owns 8,481 shares of the aerospace company’s stock valued at $2,325,000 after purchasing an additional 1,393 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Wolfe Research upped their target price on shares of General Dynamics from $360.00 to $400.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Sanford C. Bernstein boosted their price objective on General Dynamics from $335.00 to $388.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 28th. Vertical Research raised General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 price objective for the company in a research note on Monday, October 27th. BNP Paribas raised General Dynamics to a “strong-buy” rating in a research report on Tuesday, November 18th. Finally, Susquehanna increased their price target on General Dynamics from $365.00 to $406.00 and gave the company a “positive” rating in a report on Monday, October 27th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $358.25.

General Dynamics Price Performance

Shares of GD stock opened at $337.45 on Monday. The stock has a 50 day moving average price of $341.11 and a 200 day moving average price of $319.11. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $360.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 1.40. The firm has a market capitalization of $91.15 billion, a P/E ratio of 21.87, a P/E/G ratio of 1.68 and a beta of 0.40.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Friday, October 24th. The aerospace company reported $3.88 EPS for the quarter, beating the consensus estimate of $3.69 by $0.19. General Dynamics had a return on equity of 18.27% and a net margin of 8.18%.The company had revenue of $12.91 billion for the quarter, compared to the consensus estimate of $12.49 billion. During the same quarter in the prior year, the company posted $3.35 EPS. General Dynamics’s quarterly revenue was up 10.6% on a year-over-year basis. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. As a group, sell-side analysts predict that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Investors of record on Friday, January 16th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, January 16th. General Dynamics’s dividend payout ratio (DPR) is currently 38.89%.

General Dynamics Company Profile

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.