Sumitomo Mitsui Trust Group Inc. cut its position in General Dynamics Corporation (NYSE:GD – Free Report) by 3.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 538,036 shares of the aerospace company’s stock after selling 19,677 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.20% of General Dynamics worth $178,536,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of GD. Oxford Financial Group LTD. LLC raised its stake in shares of General Dynamics by 1.9% during the 2nd quarter. Oxford Financial Group LTD. LLC now owns 1,426 shares of the aerospace company’s stock worth $505,000 after acquiring an additional 26 shares in the last quarter. Willner & Heller LLC boosted its stake in General Dynamics by 1.4% in the second quarter. Willner & Heller LLC now owns 2,050 shares of the aerospace company’s stock valued at $726,000 after acquiring an additional 28 shares in the last quarter. Meriwether Wealth & Planning LLC grew its holdings in General Dynamics by 0.8% in the second quarter. Meriwether Wealth & Planning LLC now owns 3,443 shares of the aerospace company’s stock worth $1,220,000 after purchasing an additional 28 shares during the last quarter. Capital Advisors Inc. OK grew its holdings in General Dynamics by 0.6% in the second quarter. Capital Advisors Inc. OK now owns 4,551 shares of the aerospace company’s stock worth $1,612,000 after purchasing an additional 29 shares during the last quarter. Finally, Klingman & Associates LLC increased its position 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 worth $326,000 after purchasing an additional 30 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several analysts have recently commented on the company. TD Cowen decreased their price objective on General Dynamics from $420.00 to $380.00 and set a “buy” rating for the company in a report on Friday, October 9th. UBS Group upped their target price on General Dynamics from $395.00 to $408.00 and gave the company a “neutral” rating in a research report on Tuesday, September 8th. Wall Street Zen cut General Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $384.00 price target on shares of General Dynamics in a report on Thursday, July 30th. Finally, Royal Bank Of Canada dropped their price target on General Dynamics from $410.00 to $360.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 15th. Eleven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $402.44.
Read Our Latest Research Report on General Dynamics
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.
Insider Transactions at General Dynamics
In other news, Director Robert K. Steel sold 7,440 shares of the stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $346.05, for a total value of $2,574,612.00. Following the completion of the sale, the director directly owned 3,096 shares in the company, valued at $1,071,370.80. This represents a 70.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is currently owned by company insiders.
General Dynamics Stock Up 0.0%
GD stock opened at $372.72 on Monday. The firm has a market cap of $100.84 billion, a PE ratio of 21.92, a P/E/G ratio of 2.18 and a beta of 0.30. General Dynamics Corporation has a one year low of $306.77 and a one year high of $400.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 1.43. The firm’s fifty day moving average is $351.44 and its 200 day moving average is $355.06.
General Dynamics (NYSE:GD – Get Free Report) last released its quarterly earnings results on Friday, October 30th. The aerospace company reported $4.49 earnings per share for the quarter, topping the consensus estimate of $4.12 by $0.37. General Dynamics had a net margin of 8.24% and a return on equity of 17.60%. The firm had revenue of $14.57 billion during the quarter, compared to the consensus estimate of $13.72 billion. During the same quarter in the prior year, the firm earned $3.88 EPS. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. On average, research analysts forecast that General Dynamics Corporation will post 16.99 EPS for the current year.
General Dynamics Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be issued a $1.59 dividend. The ex-dividend date is Friday, October 9th. This represents a $6.36 dividend on an annualized basis and a yield of 1.7%. General Dynamics’s dividend payout ratio (DPR) is presently 38.80%.
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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