Brevan Howard Capital Management LP Sells 18,650 Shares of General Dynamics Corporation $GD

Key Points

• Brevan Howard Capital Management cut its stake in General Dynamics by 45%, selling 18,650 shares and leaving 22,804 shares worth about $7.78 million at quarter-end.
• Fundamentals and payout: GD beat quarterly EPS estimates ($4.17 vs. $4.11), reported 7.8% y/y revenue growth, provided FY‑2026 EPS guidance of 16.100–16.200, and raised the quarterly dividend to $1.59 (a ~6% increase).
• Insider selling is material — CEO Phebe Novakovic sold 32,918 shares and insiders have sold 71,620 shares (~$24.95M) over three months, which may pressure sentiment despite ~86% institutional ownership.

Brevan Howard Capital Management LP lessened its position in General Dynamics Corporation (NYSE:GD - Free Report) by 45.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,804 shares of the aerospace company's stock after selling 18,650 shares during the quarter. Brevan Howard Capital Management LP's holdings in General Dynamics were worth $7,776,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Dunhill Financial LLC grew its position in shares of General Dynamics by 620.0% in the third quarter. Dunhill Financial LLC now owns 72 shares of the aerospace company's stock valued at $25,000 after purchasing an additional 62 shares during the last quarter. Halbert Hargrove Global Advisors LLC acquired a new position in shares of General Dynamics during the 3rd quarter worth about $26,000. Louisbourg Investments Inc. bought a new stake in General Dynamics during the 3rd quarter valued at approximately $27,000. Redmont Wealth Advisors LLC acquired a new stake in General Dynamics in the 3rd quarter valued at approximately $30,000. Finally, Financial Life Planners acquired a new stake in General Dynamics in the 3rd quarter valued at approximately $33,000. Institutional investors and hedge funds own 86.14% of the company's stock.

General Dynamics Stock Performance

GD opened at $351.30 on Friday. The stock's 50 day simple moving average is $356.36 and its 200-day simple moving average is $343.69. The company has a current ratio of 1.44, a quick ratio of 0.89 and a debt-to-equity ratio of 0.27. The stock has a market cap of $94.99 billion, a PE ratio of 22.74, a P/E/G ratio of 2.10 and a beta of 0.39. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $369.70.

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

General Dynamics Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Investors 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 is an increase from General Dynamics's previous quarterly dividend of $1.50. This represents a $6.36 dividend on an annualized basis and a yield of 1.8%. General Dynamics's payout ratio is presently 41.17%.

Key Stories Impacting General Dynamics

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

• Positive Sentiment: Board approved a quarterly dividend of $1.59 (6% increase), payable May 8 to holders of record April 10 — supports income investor demand and signals confidence in cash flow. Article Title
• Positive Sentiment: Strong 2025 fundamentals: full‑year revenue and backlog strength (record ~$118B backlog, broad-based Marine Systems and Aerospace growth) and FY‑2026 EPS guidance (16.100–16.200) provide visible forward earnings and backlog-driven revenue visibility, underpinning medium‑term upside. Article Title
• Positive Sentiment: U.S. shipbuilding policy and MAP momentum (renewed federal focus and proposed FY2026 naval funding) lift demand prospects for GD’s Bath Iron Works and Electric Boat units — an important structural tailwind for orders and long‑cycle revenue. (Market commentary)
• Neutral Sentiment: Valuation discussion: recent analysis questions whether the current ~\$350s price fully reflects defense‑spending upside vs execution/valuation risk; one‑year performance has been strong, so some profit‑taking is expected. Article Title
• Neutral Sentiment: Technical backdrop: the stock is trading slightly below its 50‑day moving average but above the 200‑day — suggests short‑term consolidation within a longer‑term uptrend.
• Negative Sentiment: Insider selling: CEO Phebe Novakovic sold 32,918 shares (~$11.66M at ~$354.09); EVP Mark Lagrand Burns sold 10,153 shares; EVP Marguerite Gilliland sold 3,819 shares — sizable disclosed reductions that can pressure sentiment despite being taxable/liquidity-driven transactions. SEC/insider filings: Novakovic Trade Burns Trade Gilliland Trade

Insider Transactions at General Dynamics

In related news, EVP Marguerite Amy Gilliland sold 3,819 shares of the stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $353.50, for a total value of $1,350,016.50. Following the completion of the transaction, the executive vice president owned 44,767 shares of the company's stock, valued at $15,825,134.50. This represents a 7.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Phebe N. Novakovic sold 32,918 shares of General Dynamics stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $354.09, for a total value of $11,655,934.62. Following the sale, the chief executive officer directly owned 766,457 shares in the company, valued at $271,394,759.13. The trade was a 4.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 71,620 shares of company stock valued at $24,952,942. Corporate insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

GD has been the subject of a number of research analyst reports. TD Cowen upped their price target on General Dynamics from $370.00 to $390.00 and gave the stock a "buy" rating in a report on Wednesday, January 14th. Bank of America reaffirmed a "buy" rating and set a $400.00 target price on shares of General Dynamics in a research report on Friday, January 30th. Citigroup upped their target price on shares of General Dynamics from $371.00 to $389.00 and gave the company a "neutral" rating in a research note on Tuesday, January 13th. Argus raised their price target on shares of General Dynamics from $380.00 to $395.00 and gave the stock a "buy" rating in a research report on Thursday, February 19th. Finally, UBS Group set a $393.00 price objective on shares of General Dynamics in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, General Dynamics currently has an average rating of "Moderate Buy" and an average price target 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.

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