4,741 General Dynamics Corporation $GD Shares Sold by Breakwater Capital Group

Key Points

• Breakwater Capital Group cut its General Dynamics stake by 69.9% in the third quarter, selling 4,741 shares and retaining 2,039 shares valued at approximately $677,000. Institutional investors collectively own 86.14% of GD.
• General Dynamics reported quarterly EPS of $4.24, beating estimates of $3.96, while revenue rose 8.1% year over year to $14.09 billion. The company declared a quarterly dividend of $1.59 per share, representing a 1.9% yield.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $407.16, although recent insider selling—including substantial sales by the CEO and a director—contrasts with the generally positive analyst outlook.

Breakwater Capital Group lowered its position in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 69.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,039 shares of the aerospace company's stock after selling 4,741 shares during the period. Breakwater Capital Group's holdings in General Dynamics were worth $677,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in GD. LifeGoal Investments LLC increased its position in shares of General Dynamics by 36.8% in the third quarter. LifeGoal Investments LLC now owns 989 shares of the aerospace company's stock worth $328,000 after purchasing an additional 266 shares during the period. Diversified Management Inc. acquired a new stake in General Dynamics during the third quarter worth about $884,000. First Heartland Consultants Inc. increased its holdings in General Dynamics by 116.6% in the 3rd quarter. First Heartland Consultants Inc. now owns 1,804 shares of the aerospace company's stock valued at $599,000 after buying an additional 971 shares during the period. GAMMA Investing LLC lifted its holdings in shares of General Dynamics by 10.3% during the 3rd quarter. GAMMA Investing LLC now owns 9,471 shares of the aerospace company's stock worth $3,143,000 after acquiring an additional 885 shares during the period. Finally, Dorato Capital Management boosted its position in shares of General Dynamics by 4.6% during the 3rd quarter. Dorato Capital Management now owns 6,625 shares of the aerospace company's stock worth $2,164,000 after acquiring an additional 290 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

General Dynamics Trading Up 0.4%

NYSE:GD opened at $331.35 on Friday. General Dynamics Corporation has a 52 week low of $306.77 and a 52 week high of $400.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.96 and a current ratio of 1.44. The firm's fifty day moving average is $363.44 and its 200-day moving average is $355.46. The firm has a market cap of $89.65 billion, a P/E ratio of 20.22, a P/E/G ratio of 1.90 and a beta of 0.33.

General Dynamics (NYSE:GD - Get Free Report) last announced 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 company had revenue of $14.09 billion for the quarter, compared to the consensus estimate of $13.52 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%. The firm's revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Equities analysts expect that General Dynamics Corporation will post 16.99 earnings per share for the current year.

General Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 9th will be given a $1.59 dividend. This represents a $6.36 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, October 9th. General Dynamics's payout ratio is presently 38.80%.

Trending Headlines about General Dynamics

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

• Positive Sentiment: General Dynamics named current President Danny Deep as chief executive, effective Jan. 1, 2027, with current CEO Phebe Novakovic becoming executive chair. Deep’s internal promotion may provide continuity in strategy and operations while reducing succession uncertainty. Deep Tapped As Next CEO Of General Dynamics
• Positive Sentiment: GD is partnering with Primordial Labs to add AI-powered voice control to the Abrams and XM30 combat vehicle programs. The initiative reinforces the company’s exposure to military modernization and artificial-intelligence spending, although the near-term financial impact was not disclosed. General Dynamics, Primordial Labs Partner to Bring AI Voice Control
• Neutral Sentiment: General Dynamics will webcast its third-quarter 2026 financial-results conference call on Oct. 30. Investors will look for updates on orders, margins, cash flow and full-year guidance; the announcement itself does not change current fundamentals. General Dynamics to Webcast 2026 Third-Quarter Financial Results Conference Call
• Neutral Sentiment: Dividend coverage and valuation analyses continue to frame GD as an income-oriented defense stock. A comparison with GE Aerospace focuses on which company offers better value, but neither article identifies a material change to GD’s dividend or outlook. General Dynamics Corp's Dividend Analysis
• Negative Sentiment: Several commentaries remain cautious, noting that GD shares have underperformed the broader market over the past six months and arguing that a CEO change alone will not resolve defense-industry challenges such as execution, budget timing and investor concerns. This negative sentiment may weigh on the stock despite the orderly succession. General Dynamics' New CEO Won't Fix Defense Stocks' Problems

Insider Buying and Selling

In other news, Director Robert K. Steel sold 7,440 shares of the business's stock in a transaction that occurred 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 owned 3,096 shares in the company, valued at $1,071,370.80. The trade was a 70.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Phebe Novakovic sold 51,568 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $382.58, for a total value of $19,728,885.44. Following the transaction, the chief executive officer directly owned 766,457 shares in the company, valued at $293,231,119.06. The trade was a 6.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 102,188 shares of company stock valued at $38,627,265. 1.40% of the stock is owned by company insiders.

Analyst Ratings Changes

GD has been the subject of several research analyst reports. Bank of America boosted their price objective 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. BNP Paribas Exane lifted their price target on General Dynamics from $390.00 to $430.00 and gave the company an "outperform" rating in a research note on Thursday, July 30th. Citigroup lowered their price target on General Dynamics from $404.00 to $374.00 and set a "neutral" rating for the company in a report on Wednesday. Weiss Ratings reaffirmed a "buy (b)" rating on shares of General Dynamics in a research note on Monday, September 28th. Finally, Robert W. Baird set a $430.00 target price on General Dynamics in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $407.16.

About General Dynamics

General Dynamics Corporation NYSE: GD is an aerospace and defense company that develops and delivers products and services for government and commercial customers. The company operates through four primary business segments: Aerospace, Marine Systems, Combat Systems, and Technologies.

Its Aerospace segment designs and manufactures Gulfstream business jets and provides aircraft support services. Marine Systems builds nuclear-powered submarines and surface ships for the U.S. Navy, while Combat Systems produces armored vehicles, combat systems, weapons, and munitions.

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