Engineers Gate Manager LP Acquires 10,399 Shares of General Dynamics Corporation $GD

Key Points

• Engineers Gate Manager LP increased its General Dynamics stake by 19.6% in the second quarter, acquiring 10,399 shares and bringing its holdings to 63,530 shares valued at approximately $22.5 million. Institutional investors collectively own 86.14% of the company.
• General Dynamics reported quarterly EPS of $4.24, exceeding estimates of $3.96, while revenue rose 8.1% year over year to $14.09 billion. The company reaffirmed fiscal 2026 EPS guidance of $16.80–$16.90.
• The company declared a quarterly dividend of $1.59 per share, equivalent to an annualized $6.36 and a 1.8% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $411.58, although insiders sold roughly $38.1 million of stock over the past 90 days.

Engineers Gate Manager LP boosted its stake in General Dynamics Corporation (NYSE:GD - Free Report) by 19.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 63,530 shares of the aerospace company's stock after purchasing an additional 10,399 shares during the quarter. Engineers Gate Manager LP's holdings in General Dynamics were worth $22,505,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Whipplewood Advisors LLC lifted its position in shares of General Dynamics by 1,725.0% during the 1st quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company's stock worth $25,000 after buying an additional 69 shares in the last quarter. Paladin Partners LLC purchased a new stake in General Dynamics in the 2nd quarter worth about $30,000. Scarborough Advisors LLC bought a new stake in General Dynamics in the 1st quarter valued at about $29,000. Wilkerson Advisory Group LLC lifted its holdings in General Dynamics by 79.6% during the first quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company's stock valued at $30,000 after purchasing an additional 39 shares during the last quarter. Finally, Motiv8 Investments LLC bought a new position in General Dynamics during the fourth quarter worth about $31,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Phebe N. Novakovic sold 51,568 shares of General Dynamics stock in a transaction that occurred 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 sale, 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. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Marguerite Gilliland sold 43,180 shares of the firm's stock in a transaction on Friday, July 31st. The shares were sold at an average price of $378.04, for a total value of $16,323,767.20. Following the transaction, the executive vice president directly owned 44,767 shares of the company's stock, valued at $16,923,716.68. This represents a 49.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 100,228 shares of company stock worth $38,052,853. 1.40% of the stock is currently owned by corporate insiders.

General Dynamics Price Performance

GD opened at $352.78 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.44 and a quick ratio of 0.96. General Dynamics Corporation has a 1 year low of $306.77 and a 1 year high of $400.00. The stock's 50 day simple moving average is $378.56 and its 200 day simple moving average is $357.52. The firm has a market cap of $95.45 billion, a price-to-earnings ratio of 21.52, a PEG ratio of 2.06 and a beta of 0.32.

General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 EPS for the quarter, beating analysts' consensus estimates of $3.96 by $0.28. The company had revenue of $14.09 billion during the quarter, compared to analyst estimates of $13.52 billion. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The firm's revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business posted $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. As a group, analysts predict that General Dynamics Corporation will post 16.99 earnings per share for the current year.

General Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 9th will be issued a dividend of $1.59 per share. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, October 9th. General Dynamics's dividend payout ratio is currently 38.80%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GD. Morgan Stanley boosted their target price on shares of General Dynamics from $435.00 to $465.00 and gave the company an "overweight" rating in a report on Thursday, July 30th. Citigroup increased their price objective on General Dynamics from $364.00 to $404.00 and gave the stock a "neutral" rating in a research report on Thursday, July 30th. Royal Bank Of Canada lifted their price objective on General Dynamics from $385.00 to $410.00 and gave the company a "sector perform" rating in a research note on Thursday, July 30th. UBS Group upped their target price on General Dynamics from $395.00 to $408.00 and gave the stock a "neutral" rating in a research note on Tuesday. Finally, Jefferies Financial Group boosted their price objective on General Dynamics from $400.00 to $440.00 and gave the stock a "buy" rating in a report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, General Dynamics has a consensus rating of "Moderate Buy" and an average target price of $411.58.

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. Its operations are organized across four principal business areas: Aerospace, Marine Systems, Combat Systems and Technologies.

Through its Aerospace business, General Dynamics manufactures Gulfstream business jets and provides aircraft maintenance, repair and refurbishment services. Its Marine Systems businesses design and build nuclear-powered submarines and surface ships, while Combat Systems produces military vehicles, weapons systems and munitions.

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