Bank of Nova Scotia Increases Stock Position in General Dynamics Corporation $GD

Bank of Nova Scotia grew its holdings in shares of General Dynamics Corporation (NYSE:GD) by 55.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 384,498 shares of the aerospace company’s stock after acquiring an additional 137,834 shares during the period. Bank of Nova Scotia’s holdings in General Dynamics were worth $131,967,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in General Dynamics by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 24,767,330 shares of the aerospace company’s stock worth $8,338,169,000 after purchasing an additional 528,769 shares during the last quarter. State Street Corp raised its holdings in shares of General Dynamics by 2.7% during the fourth quarter. State Street Corp now owns 11,323,170 shares of the aerospace company’s stock worth $3,812,058,000 after purchasing an additional 294,456 shares during the period. Geode Capital Management LLC lifted its position in shares of General Dynamics by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 6,065,462 shares of the aerospace company’s stock worth $2,039,742,000 after buying an additional 195,604 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of General Dynamics by 2.2% in the 4th quarter. JPMorgan Chase & Co. now owns 5,307,389 shares of the aerospace company’s stock worth $1,786,786,000 after buying an additional 114,647 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of General Dynamics by 3.3% in the 4th quarter. Northern Trust Corp now owns 3,443,453 shares of the aerospace company’s stock valued at $1,159,273,000 after buying an additional 110,536 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Activity

In other General Dynamics news, Director Mark Malcolm sold 5,480 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $365.00, for a total transaction of $2,000,200.00. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark Lagrand Burns sold 36,480 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $345.29, for a total value of $12,596,179.20. Following the completion of the transaction, the executive vice president directly owned 38,975 shares in the company, valued at $13,457,677.75. The trade was a 48.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 78,190 shares of company stock valued at $27,041,022. 1.40% of the stock is owned by corporate insiders.

General Dynamics Price Performance

Shares of NYSE:GD opened at $380.99 on Friday. The company has a market capitalization of $103.03 billion, a PE ratio of 23.98, a price-to-earnings-growth ratio of 2.25 and a beta of 0.34. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.38. The stock has a fifty day moving average of $355.14 and a 200-day moving average of $351.52. General Dynamics Corporation has a one year low of $306.03 and a one year high of $387.69.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, April 29th. The aerospace company reported $4.10 EPS for the quarter, topping analysts’ consensus estimates of $3.67 by $0.43. The firm had revenue of $13.48 billion during the quarter, compared to analyst estimates of $12.70 billion. General Dynamics had a net margin of 8.07% and a return on equity of 17.41%. The company’s revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the business posted $3.66 EPS. As a group, equities analysts anticipate that General Dynamics Corporation will post 16.66 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 2nd will be paid a dividend of $1.59 per share. The ex-dividend date of this dividend is Thursday, July 2nd. 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 40.03%.

Analyst Ratings Changes

A number of equities analysts have commented on GD shares. JPMorgan Chase & Co. lifted their target price on General Dynamics from $385.00 to $400.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Bank of America raised their price target on General Dynamics from $400.00 to $415.00 and gave the stock a “buy” rating in a report on Monday, July 6th. Wall Street Zen upgraded General Dynamics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 13th. Morgan Stanley increased their target price on General Dynamics from $410.00 to $435.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Finally, DA Davidson cut their target price on General Dynamics from $384.00 to $375.00 in a research note on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $391.15.

Trending Headlines about General Dynamics

Here are the key news stories impacting General Dynamics this week:

• Positive Sentiment: General Dynamics hit a new 52-week high after reports highlighted an earnings beat, analyst upgrades, and a $209 million defense contract modification that reinforces its backlog and revenue visibility. General Dynamics (GD) Stock Surges to 52-Week Peak in July 2026
• Positive Sentiment: Investor sentiment is also being lifted by broad defense-sector strength, with peers posting strong earnings and raising guidance, which is boosting expectations for GD’s upcoming quarterly report. Why General Dynamics (GD) Stock Is Up Today
• Positive Sentiment: Analysts and valuation-focused coverage continue to frame GD as attractive, with articles calling it a top long-term value stock and comparing it favorably with other aerospace-defense names. Why General Dynamics (GD) is a Top Value Stock for the Long-Term

General Dynamics Company 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.