BNP Paribas Financial Markets Increases Stake in General Dynamics Corporation $GD

Key Points

• BNP Paribas Financial Markets boosted its stake in General Dynamics by 19.2% in Q3 to 735,157 shares, representing about 0.27% of the company and valued at roughly $250.7 million.
• Two company VPs — David Paddock and Mark Rayha — sold sizable stakes (20,360 and 4,370 shares) in recent SEC filings, each reducing their holdings by ~35%; corporate insiders now own about 1.5% of GD.
• General Dynamics beat quarterly expectations (EPS $4.17 vs. $4.11; revenue $14.38B vs. $13.77B), set FY2026 EPS guidance of 16.10–16.20, and raised its quarterly dividend to $1.59 (annual $6.36, ~1.8% yield).

BNP Paribas Financial Markets boosted its position in General Dynamics Corporation (NYSE:GD - Free Report) by 19.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 735,157 shares of the aerospace company's stock after acquiring an additional 118,250 shares during the period. BNP Paribas Financial Markets owned 0.27% of General Dynamics worth $250,689,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GD. Nemes Rush Group LLC increased its stake in shares of General Dynamics by 9.4% in the third quarter. Nemes Rush Group LLC now owns 1,234 shares of the aerospace company's stock worth $421,000 after purchasing an additional 106 shares in the last quarter. Financial Life Planners purchased a new position in General Dynamics in the 3rd quarter valued at approximately $33,000. Franklin Resources Inc. raised its holdings in General Dynamics by 3.4% during the 3rd quarter. Franklin Resources Inc. now owns 1,770,714 shares of the aerospace company's stock valued at $603,813,000 after acquiring an additional 58,524 shares during the period. FourThought Financial Partners LLC lifted its position in shares of General Dynamics by 3.2% during the third quarter. FourThought Financial Partners LLC now owns 1,720 shares of the aerospace company's stock worth $587,000 after acquiring an additional 54 shares in the last quarter. Finally, LifePlan Financial LLC boosted its holdings in shares of General Dynamics by 6.7% in the third quarter. LifePlan Financial LLC now owns 3,576 shares of the aerospace company's stock worth $1,219,000 after acquiring an additional 223 shares during the period. Institutional investors own 86.14% of the company's stock.

Insiders Place Their Bets

In other news, VP David Paddock sold 20,360 shares of the stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $334.92, for a total value of $6,818,971.20. Following the transaction, the vice president owned 36,644 shares of the company's stock, valued at $12,272,808.48. This represents a 35.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Mark Rayha sold 4,370 shares of General Dynamics stock in a transaction on Friday, February 13th. The stock was sold at an average price of $348.79, for a total transaction of $1,524,212.30. Following the sale, the vice president directly owned 7,936 shares of the company's stock, valued at $2,767,997.44. This represents a 35.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.50% of the stock is owned by corporate insiders.

General Dynamics Price Performance

Shares of NYSE GD opened at $355.53 on Wednesday. The stock's 50-day simple moving average is $355.48 and its two-hundred day simple moving average is $343.17. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $369.70. The firm has a market capitalization of $96.13 billion, a P/E ratio of 23.01, a P/E/G ratio of 2.16 and a beta of 0.39. The company has a quick ratio of 0.89, a current ratio of 1.44 and a debt-to-equity ratio of 0.27.

General Dynamics (NYSE:GD - Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.11 by $0.06. The firm had revenue of $14.38 billion during the quarter, compared to the consensus estimate of $13.77 billion. General Dynamics had a return on equity of 17.57% and a net margin of 8.01%.The company's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the company posted $4.15 EPS. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. As a group, equities analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 10th will be paid a $1.59 dividend. The ex-dividend date of this dividend is Friday, April 10th. This represents a $6.36 dividend on an annualized basis and a yield of 1.8%. This is a boost from General Dynamics's previous quarterly dividend of $1.50. General Dynamics's dividend payout ratio is presently 38.83%.

Analysts Set New Price Targets

GD has been the subject of several recent research reports. Weiss Ratings reiterated a "buy (b)" rating on shares of General Dynamics in a research report on Thursday, January 22nd. Argus raised their target price on General Dynamics from $380.00 to $395.00 and gave the stock a "buy" rating in a research note on Thursday, February 19th. Citigroup upped their price target on General Dynamics from $371.00 to $389.00 and gave the company a "neutral" rating in a research report on Tuesday, January 13th. Wolfe Research increased their price target on shares of General Dynamics from $400.00 to $415.00 and gave the stock an "outperform" rating in a report on Monday, January 12th. Finally, Jefferies Financial Group raised their price objective on shares of General Dynamics from $360.00 to $385.00 and gave the company a "hold" rating in a research report on Sunday, February 1st. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $376.26.

About General Dynamics

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.

Want to see what other hedge funds are holding GD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Dynamics Corporation (NYSE:GD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.