Canandaigua National Bank & Trust Co. Invests $2.92 Million in General Dynamics Corporation $GD

Canandaigua National Bank & Trust Co. acquired a new stake in General Dynamics Corporation (NYSE:GD) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,249 shares of the aerospace company’s stock, valued at approximately $2,922,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brown Miller Wealth Management LLC lifted its position in General Dynamics by 0.3% during the 4th quarter. Brown Miller Wealth Management LLC now owns 8,889 shares of the aerospace company’s stock worth $2,993,000 after acquiring an additional 29 shares in the last quarter. Steph & Co. raised its stake in shares of General Dynamics by 65.2% during the fourth quarter. Steph & Co. now owns 76 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 30 shares during the period. Klingman & Associates LLC raised its stake in shares of General Dynamics by 3.3% during the first quarter. Klingman & Associates LLC now owns 949 shares of the aerospace company’s stock valued at $326,000 after purchasing an additional 30 shares during the period. New Wave Wealth Advisors LLC lifted its position in shares of General Dynamics by 4.4% during the fourth quarter. New Wave Wealth Advisors LLC now owns 733 shares of the aerospace company’s stock worth $247,000 after purchasing an additional 31 shares in the last quarter. Finally, Mechanics Financial Corp boosted its stake in shares of General Dynamics by 0.4% in the fourth quarter. Mechanics Financial Corp now owns 8,501 shares of the aerospace company’s stock valued at $2,862,000 after purchasing an additional 32 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

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 shares were sold at an average price of $378.04, for a total value of $16,323,767.20. Following the sale, the executive vice president directly owned 44,767 shares in the company, valued at $16,923,716.68. The trade was a 49.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Phebe N. Novakovic sold 51,568 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $382.58, for a total value of $19,728,885.44. Following the sale, the chief executive officer owned 766,457 shares of the company’s stock, valued at $293,231,119.06. This trade represents a 6.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 172,938 shares of company stock worth $63,093,675 over the last ninety days. Insiders own 1.40% of the company’s stock.

General Dynamics Price Performance

GD opened at $386.07 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 1.44 and a debt-to-equity ratio of 0.23. The company’s 50-day moving average price is $362.36 and its 200 day moving average price is $353.15. General Dynamics Corporation has a fifty-two week low of $306.77 and a fifty-two week high of $400.00. The firm has a market cap of $104.45 billion, a price-to-earnings ratio of 23.56, a price-to-earnings-growth ratio of 2.21 and a beta of 0.33.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.96 by $0.28. The business had revenue of $14.09 billion during 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 business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. As a group, sell-side analysts expect that General Dynamics Corporation will post 16.97 earnings per share for the current year.

General Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 2nd will be issued a $1.59 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $6.36 annualized dividend and a dividend yield of 1.6%. General Dynamics’s dividend payout ratio (DPR) is 38.80%.

Wall Street Analyst Weigh In

GD has been the subject of a number of analyst reports. TD Cowen upped their price objective on shares of General Dynamics from $390.00 to $420.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Bank of America lifted their target price on General Dynamics from $400.00 to $415.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. The Goldman Sachs Group cut their price target on General Dynamics from $327.00 to $313.00 and set a “sell” rating on the stock in a research note on Monday, May 4th. JPMorgan Chase & Co. increased their price target on General Dynamics from $385.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, Weiss Ratings upgraded General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. One equities research 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 given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $409.68.

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.