Bank of New York Mellon Corp Invests $429.07 Million in General Dynamics Corporation $GD

Key Points

• Bank of New York Mellon initiated a $429.1 million position in General Dynamics, purchasing 1.21 million shares and owning approximately 0.45% of the defense contractor. Institutional investors collectively hold 86.14% of the company.
• General Dynamics exceeded quarterly expectations, reporting $4.24 in EPS and $14.09 billion in revenue, with revenue up 8.1% year over year. The company issued fiscal 2026 EPS guidance of $16.80–$16.90.
• The company declared a quarterly dividend of $1.59 per share, or $6.36 annually, yielding about 1.7%. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $410.89, while insiders sold roughly $38.1 million of shares over the past quarter.

Bank of New York Mellon Corp bought a new position in General Dynamics Corporation (NYSE:GD - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,211,250 shares of the aerospace company's stock, valued at approximately $429,073,000. Bank of New York Mellon Corp owned about 0.45% of General Dynamics as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of General Dynamics by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 24,767,330 shares of the aerospace company's stock worth $8,338,169,000 after buying an additional 528,769 shares during the period. State Street Corp raised its holdings in shares of General Dynamics by 2.7% during the 4th quarter. State Street Corp now owns 11,323,170 shares of the aerospace company's stock valued at $3,812,058,000 after buying an additional 294,456 shares during the period. Geode Capital Management LLC lifted its position in General Dynamics by 3.3% during 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 acquiring an additional 195,604 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in 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 acquiring an additional 114,647 shares during the period. Finally, Northern Trust Corp grew its position in General Dynamics by 3.3% in the fourth quarter. Northern Trust Corp now owns 3,443,453 shares of the aerospace company's stock valued at $1,159,273,000 after acquiring an additional 110,536 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

General Dynamics Stock Performance

Shares of NYSE GD opened at $384.50 on Friday. 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 firm's 50-day moving average price is $374.15 and its two-hundred day moving average price is $355.82. General Dynamics Corporation has a 52-week low of $306.77 and a 52-week high of $400.00. The stock has a market capitalization of $104.03 billion, a P/E ratio of 23.46, a P/E/G ratio of 2.23 and a beta of 0.33.

General Dynamics (NYSE:GD - Get Free Report) last posted its earnings results 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 analysts' expectations of $13.52 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The firm's quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the business posted $3.74 earnings per share. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. As a group, sell-side analysts forecast that General Dynamics Corporation will post 16.97 earnings per share for the current year.

General Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 9th will be paid a dividend of $1.59 per share. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, October 9th. General Dynamics's dividend payout ratio (DPR) is currently 38.80%.

Insider Buying and Selling

In other General Dynamics news, CEO Phebe N. Novakovic sold 51,568 shares of the stock in a transaction on Monday, August 3rd. The stock was 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 directly owned 766,457 shares of the company's stock, valued at approximately $293,231,119.06. This trade represents a 6.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark Malcolm sold 5,480 shares of General Dynamics stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $365.00, for a total value of $2,000,200.00. Following the transaction, the director directly owned 10,643 shares in the company, valued at approximately $3,884,695. The trade was a 33.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 100,228 shares of company stock valued at $38,052,853 over the last quarter. Corporate insiders own 1.40% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. UBS Group raised their price target on shares of General Dynamics from $366.00 to $395.00 and gave the company a "neutral" rating in a report on Monday, August 3rd. Bank of America upped 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. Susquehanna raised their target price on General Dynamics from $420.00 to $455.00 and gave the company a "positive" rating in a research note on Thursday, July 30th. Jefferies Financial Group lifted their target price on General Dynamics from $400.00 to $440.00 and gave the stock a "buy" rating in a research report on Thursday, July 9th. Finally, Sanford C. Bernstein reissued a "market perform" rating and issued a $421.00 price target on shares of General Dynamics in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $410.89.

General Dynamics 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.

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