VIRGINIA RETIREMENT SYSTEMS ET Al trimmed its holdings in shares of General Dynamics Corporation (NYSE:GD – Free Report) by 3.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 136,200 shares of the aerospace company’s stock after selling 5,080 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in General Dynamics were worth $45,195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also made changes to their positions in the business. Whipplewood Advisors LLC raised its position 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 worth $25,000 after acquiring an additional 69 shares in the last quarter. Wellington Altus USA Inc. lifted its stake in General Dynamics by 77.8% during the second quarter. Wellington Altus USA Inc. now owns 80 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 35 shares during the last quarter. Downshift Financial LLC boosted its holdings in General Dynamics by 134.3% in the third quarter. Downshift Financial LLC now owns 82 shares of the aerospace company’s stock valued at $27,000 after purchasing an additional 47 shares in the last quarter. Morton Brown Family Wealth LLC boosted its holdings in General Dynamics by 182.8% in the third quarter. Morton Brown Family Wealth LLC now owns 82 shares of the aerospace company’s stock valued at $27,000 after purchasing an additional 53 shares in the last quarter. Finally, John Boyer Inc. purchased a new position in General Dynamics in the third quarter valued at approximately $28,000. 86.14% of the stock is owned by institutional investors and hedge funds.
General Dynamics Stock Up 0.5%
GD stock opened at $372.72 on Friday. The company has a market cap of $100.84 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 2.17 and a beta of 0.33. The company has a fifty day moving average price of $351.44 and a 200 day moving average price of $355.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.44 and a quick ratio of 0.96. General Dynamics Corporation has a 12 month low of $306.77 and a 12 month high of $400.00.
General Dynamics (NYSE:GD – Get Free Report) last posted its quarterly earnings data on Friday, October 30th. The aerospace company reported $4.49 EPS for the quarter, beating analysts’ consensus estimates of $4.12 by $0.37. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The company had revenue of $14.57 billion for the quarter, compared to analyst estimates of $13.72 billion. During the same period in the previous year, the business posted $3.88 earnings per share. General Dynamics’s quarterly revenue was up 12.9% on a year-over-year basis. Sell-side analysts expect that General Dynamics Corporation will post 16.99 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, November 13th. Stockholders of record on Friday, October 9th will be paid a dividend of $1.59 per share. This represents a $6.36 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, October 9th. General Dynamics’s dividend payout ratio is 38.80%.
Analyst Ratings Changes
A number of research firms have weighed in on GD. Morgan Stanley raised their price objective on shares of General Dynamics from $435.00 to $465.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Jefferies Financial Group increased their target price on shares of General Dynamics from $400.00 to $440.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Robert W. Baird set a $430.00 price target on shares of General Dynamics in a research note on Thursday, July 30th. Bank of America boosted their price target on shares of General Dynamics from $400.00 to $415.00 and gave the company a “buy” rating in a research report on Monday, July 6th. Finally, Citigroup decreased their price objective on shares of General Dynamics from $404.00 to $374.00 and set a “neutral” rating for the company in a research note on Wednesday, October 7th. Eleven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $402.44.
Read Our Latest Report on General Dynamics
Insider Activity at General Dynamics
In related news, Director Robert K. Steel sold 7,440 shares of the stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $346.05, for a total transaction of $2,574,612.00. Following the completion of the sale, the director directly owned 3,096 shares of the company’s stock, valued at $1,071,370.80. This trade represents a 70.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Phebe Novakovic sold 51,568 shares of General Dynamics stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $382.58, for a total transaction of $19,728,885.44. Following the completion of the transaction, the chief executive officer owned 766,457 shares in the company, valued at approximately $293,231,119.06. This trade represents a 6.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.40% of the stock is owned by corporate insiders.
General Dynamics News Summary
Here are the key news stories impacting General Dynamics this week:
- Positive Sentiment: Q3 results exceeded expectations. General Dynamics reported diluted EPS of $4.49, up 15.7% year over year and ahead of the roughly $4.12–$4.14 analyst consensus. Revenue rose 12.9% to $14.57 billion, exceeding estimates near $13.72 billion. General Dynamics Reports Third-Quarter 2026 Financial Results
- Positive Sentiment: Growth was broad-based. Performance improved across all four operating segments, with Gulfstream business-jet demand and marine bookings helping drive the beat. Operating earnings increased 14.7% to $1.5 billion, while operating margin expanded to 10.5%. General Dynamics tops quarterly results as Gulfstream, marine drive bookings
- Positive Sentiment: Backlog reached a record level. Quarterly orders totaled approximately $98.8 billion, including $93.8 billion in defense orders, producing a 6.8-to-1 book-to-bill ratio. Ending backlog was about $220.3 billion, supporting future revenue visibility and reinforcing the company’s exposure to sustained defense spending. General Dynamics Q3 Revenue Rises 12.9% to $14.6 Billion
- Positive Sentiment: Cash generation and outlook were supportive. General Dynamics generated $1.7 billion in operating cash flow, equal to 139% of net earnings, and management raised its guidance, providing an additional catalyst for investors. General Dynamics CEO Signs Off After 14 Years With Record $220 Billion Backlog
- Neutral Sentiment: Chief Executive Officer Phebe Novakovic is signing off after 14 years, with the transition occurring as the company reports record backlog. The strong operating results reduce immediate concern, but investors may watch for continuity under new leadership. General Dynamics Q3 2026 Earnings Call Transcript
- Negative Sentiment: Recent insider-trading data shows multiple executives, including the CEO, selling shares and no reported insider purchases over the past six months. This is a secondary concern compared with the earnings beat but could limit some investor enthusiasm.
General Dynamics Profile
General Dynamics Corporation (NYSE: GD) is a global aerospace and defense company that develops, manufactures and supports products and services for government and commercial customers. Its operations serve the U.S. government, allied nations and other customers worldwide, with a significant focus on national security, military modernization and mission support.
The company operates through four primary business areas. Aerospace provides Gulfstream business jets and related aircraft services through Gulfstream Aerospace, as well as aircraft management, charter, maintenance and completions services through Jet Aviation.
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