First National Bank of Omaha Invests $1.20 Million in General Dynamics Corporation $GD

Key Points

• First National Bank of Omaha acquired a new $1.20 million stake in General Dynamics during the second quarter, purchasing 3,434 shares. Institutional investors collectively own 86.14% of the company.
• General Dynamics reported quarterly revenue of $14.09 billion and EPS of $4.24, exceeding analyst estimates, while revenue rose 8.1% year over year. The company issued fiscal 2026 EPS guidance of $16.80–$16.90.
• Insiders sold approximately $38.1 million worth of shares over the past three months. Despite the selling, analysts maintain a “Moderate Buy” consensus rating with an average price target of $410.89, and the company declared a quarterly dividend of $1.59 per share.

First National Bank of Omaha acquired a new stake in shares of General Dynamics Corporation (NYSE:GD - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,434 shares of the aerospace company's stock, valued at approximately $1,195,000.

Other hedge funds also recently bought and sold shares of the company. Whipplewood Advisors LLC raised its stake in shares of General Dynamics by 1,725.0% during the first quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company's stock worth $25,000 after acquiring an additional 69 shares in the last quarter. Paladin Partners LLC purchased a new stake in shares of General Dynamics in the 2nd quarter valued at $30,000. Scarborough Advisors LLC purchased a new stake in shares of General Dynamics in the 1st quarter valued at $29,000. Wilkerson Advisory Group LLC grew its holdings in shares of General Dynamics by 79.6% during the 1st 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 purchased a new position in General Dynamics in the 4th quarter worth $31,000. Institutional investors own 86.14% of the company's stock.

Insider Activity

In related news, EVP Marguerite Amy Gilliland sold 43,180 shares of the stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $378.04, for a total transaction of $16,323,767.20. Following the sale, the executive vice president directly owned 44,767 shares of the company's stock, valued at approximately $16,923,716.68. This represents a 49.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Phebe N. Novakovic sold 51,568 shares of the firm's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $382.58, for a total transaction of $19,728,885.44. Following the sale, the chief executive officer owned 766,457 shares of the company's stock, valued at approximately $293,231,119.06. This represents a 6.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 100,228 shares of company stock worth $38,052,853 over the last three months. 1.40% of the stock is currently owned by corporate insiders.

General Dynamics Price Performance

GD stock opened at $392.10 on Thursday. 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 has a 50 day moving average price of $373.14 and a 200-day moving average price of $355.37. General Dynamics Corporation has a 52-week low of $306.77 and a 52-week high of $400.00. The firm has a market capitalization of $106.09 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 2.27 and a beta of 0.33.

General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share for the quarter, topping the consensus estimate of $3.96 by $0.28. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The company had revenue of $14.09 billion for the quarter, compared to the consensus estimate of $13.52 billion. During the same quarter in the prior year, the business posted $3.74 EPS. The firm's quarterly revenue was up 8.1% compared to the same quarter last year. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Equities research analysts forecast that General Dynamics Corporation will post 16.97 EPS for the current fiscal year.

General Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 9th will be paid a $1.59 dividend. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, October 9th. General Dynamics's dividend payout ratio is currently 38.80%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Jefferies Financial Group raised their price objective on General Dynamics from $400.00 to $440.00 and gave the company a "buy" rating in a research note on Thursday, July 9th. DA Davidson dropped their target price on General Dynamics from $384.00 to $375.00 in a report on Thursday, April 30th. Morgan Stanley lifted their target price on shares of General Dynamics from $435.00 to $465.00 and gave the stock an "overweight" rating in a research note on Thursday, July 30th. Wall Street Zen cut General Dynamics from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 1st. Finally, JPMorgan Chase & Co. lifted their target price on shares of General Dynamics from $385.00 to $400.00 and gave the company an "overweight" rating in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, General Dynamics presently has a consensus rating of "Moderate Buy" and a consensus price target of $410.89.

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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