General Dynamics Corporation $GD Shares Bought by NEOS Investment Management LLC

Key Points

• NEOS Investment Management increased its General Dynamics stake by 14.1% in the second quarter, bringing its holdings to 41,340 shares valued at approximately $14.6 million. Institutional investors collectively own 86.14% of the company.
• General Dynamics reported better-than-expected quarterly results, with EPS of $4.24 versus a $3.96 consensus estimate and revenue of $14.09 billion, up 8.1% year over year. 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 payout and a 1.8% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $410.89, while executives sold roughly $38.1 million of stock over the past three months.

NEOS Investment Management LLC grew its holdings in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 14.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,340 shares of the aerospace company's stock after buying an additional 5,093 shares during the period. NEOS Investment Management LLC's holdings in General Dynamics were worth $14,644,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GD. Brighton Jones LLC increased its holdings in shares of General Dynamics by 16.9% during the fourth quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company's stock valued at $760,000 after purchasing an additional 417 shares during the period. Acadian Asset Management LLC lifted its holdings in General Dynamics by 140.2% in the first quarter. Acadian Asset Management LLC now owns 3,445 shares of the aerospace company's stock worth $938,000 after purchasing an additional 2,011 shares during the period. Sivia Capital Partners LLC acquired a new stake in General Dynamics in the second quarter worth about $240,000. Flow Traders U.S. LLC acquired a new position in General Dynamics during the 2nd quarter valued at about $352,000. Finally, Jump Financial LLC bought a new stake in shares of General Dynamics during the 2nd quarter worth about $1,284,000. 86.14% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Phebe 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 value of $19,728,885.44. Following the completion of the transaction, the chief executive officer owned 766,457 shares in the company, valued at $293,231,119.06. This trade represents a 6.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Marguerite Gilliland sold 43,180 shares of General Dynamics stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $378.04, for a total value of $16,323,767.20. Following the completion of the transaction, the executive vice president directly owned 44,767 shares in the company, valued at $16,923,716.68. This represents a 49.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 100,228 shares of company stock valued at $38,052,853 over the last three months. Insiders own 1.40% of the company's stock.

General Dynamics Trading Down 1.7%

Shares of NYSE:GD opened at $359.54 on Friday. 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 stock has a market capitalization of $97.28 billion, a price-to-earnings ratio of 21.94, a PEG ratio of 2.11 and a beta of 0.32. General Dynamics Corporation has a 1-year low of $306.77 and a 1-year high of $400.00. The company has a 50 day moving average price of $378.48 and a 200 day moving average price of $357.29.

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 (EPS) for the quarter, beating the consensus estimate 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 revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.74 earnings per share. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. On average, research analysts anticipate that General Dynamics Corporation will post 16.97 EPS for the current fiscal year.

General Dynamics Dividend Announcement

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 given a dividend of $1.59 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.8%. General Dynamics's payout ratio is 38.80%.

Analyst Ratings Changes

A number of analysts have recently weighed in on GD shares. Jefferies Financial Group upped their price target on shares of General Dynamics from $400.00 to $440.00 and gave the stock a "buy" rating in a research note on Thursday, July 9th. Wells Fargo & Company upped their target price on General Dynamics from $400.00 to $440.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 4th. BNP Paribas Exane increased their price target on General Dynamics from $390.00 to $430.00 and gave the company an "outperform" rating in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $384.00 price objective on shares of General Dynamics in a research note on Thursday, July 30th. Finally, Citigroup raised their target price on General Dynamics from $364.00 to $404.00 and gave the company a "neutral" rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, General Dynamics presently has a consensus rating of "Moderate Buy" and an average target price of $410.89.

General Dynamics Company 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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