General Dynamics Corporation $GD Shares Sold by US Bancorp DE

Key Points

• General Dynamics reported a Q1 beat (EPS $4.10 vs. $3.67 est., revenue $13.48B vs. $12.7B est.), raised FY26 EPS guidance to $16.45–$16.55, and this catalyst prompted price-target upgrades from firms including Morgan Stanley and JPMorgan.
• Dividend increased: the company raised its quarterly dividend to $1.59 (annualized $6.36), up from $1.50, implying a 1.8% yield and a payout ratio near 41%.
• Ownership moves: US Bancorp DE trimmed its stake by 2.7% to 104,667 shares (~$35.24M), while institutional investors own about 86.14% of the stock and insiders sold roughly 51,260 shares (~$18.13M) over the past three months.

US Bancorp DE reduced its position in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,667 shares of the aerospace company's stock after selling 2,942 shares during the period. US Bancorp DE's holdings in General Dynamics were worth $35,237,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Joule Financial LLC raised its holdings in General Dynamics by 4.3% in the fourth quarter. Joule Financial LLC now owns 705 shares of the aerospace company's stock valued at $237,000 after acquiring an additional 29 shares in the last quarter. Brown Miller Wealth Management LLC raised its holdings in General Dynamics by 0.3% in the fourth quarter. Brown Miller Wealth Management LLC now owns 8,889 shares of the aerospace company's stock valued at $2,993,000 after acquiring an additional 29 shares in the last quarter. Crowley Wealth Management Inc. raised its holdings in General Dynamics by 1.4% in the third quarter. Crowley Wealth Management Inc. now owns 2,249 shares of the aerospace company's stock valued at $767,000 after acquiring an additional 30 shares in the last quarter. First Financial Bankshares Inc raised its holdings in General Dynamics by 2.6% in the third quarter. First Financial Bankshares Inc now owns 1,196 shares of the aerospace company's stock valued at $408,000 after acquiring an additional 30 shares in the last quarter. Finally, Steph & Co. raised its holdings in General Dynamics by 65.2% in the fourth quarter. Steph & Co. now owns 76 shares of the aerospace company's stock valued at $26,000 after acquiring an additional 30 shares in the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

General Dynamics News Roundup

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

• Positive Sentiment: Q1 beat and guidance raise: GD reported EPS $4.10 vs. $3.67 est., revenue ~$13.5B vs. $12.7B est., bookings ~$26.6B and backlog ~ $131B; management raised FY26 EPS guidance to $16.45–$16.55 — the core catalyst lifting the stock. Why General Dynamics (GD) Is Up 5.6% After Raising 2026 EPS Guidance On Marine Strength
• Positive Sentiment: High‑profile price target upgrades: Morgan Stanley raised its target to $435 (overweight) and JPMorgan lifted its target to $400 (overweight), signaling dealer confidence in GD’s Marine and Aerospace momentum. Morgan Stanley raises price target on General Dynamics to $435
• Neutral Sentiment: Analysts mixed but generally positive: RBC reaffirmed a sector‑perform view with a $385 target, keeping some moderation in expectations despite the beat. RBC reaffirms sector perform on GD
• Neutral Sentiment: Defense demand backdrop: industry writes point to stronger defense spending and large backlogs (e.g., Northrop Grumman’s backlog), and reports that U.S. bases in the Middle East may need rebuilding — supportive for long‑term revenue but increases near‑term volatility. Northrop Grumman Gains From Strong Backlog and Rising Defense Demand
• Negative Sentiment: Some broker trims: BNP Paribas Exane cut its target to $390 (still outperform) and DA Davidson trimmed its target to $375 — these reductions add near‑term pressure and show differing views on sustainable upside. BNP Paribas adjusts price target on General Dynamics to $390 from $430 DA Davidson trims price target on General Dynamics to $375

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. TD Cowen upped their price target on shares of General Dynamics from $370.00 to $390.00 and gave the company a "buy" rating in a report on Wednesday, January 14th. Susquehanna reaffirmed a "positive" rating and issued a $420.00 price target on shares of General Dynamics in a report on Thursday, January 15th. Wall Street Zen raised shares of General Dynamics from a "hold" rating to a "buy" rating in a report on Saturday. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $385.00 price target on shares of General Dynamics in a report on Thursday. Finally, Wells Fargo & Company assumed coverage on shares of General Dynamics in a report on Wednesday, April 1st. They issued an "overweight" rating and a $400.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $387.70.

General Dynamics Stock Up 0.3%

Shares of NYSE:GD opened at $345.49 on Friday. The stock has a market capitalization of $93.43 billion, a price-to-earnings ratio of 21.74, a price-to-earnings-growth ratio of 2.30 and a beta of 0.34. General Dynamics Corporation has a 1-year low of $266.98 and a 1-year high of $369.70. The company's fifty day moving average is $345.59 and its two-hundred day moving average is $346.18. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.89 and a current ratio of 1.38.

General Dynamics (NYSE:GD - Get Free Report) last issued its earnings results on Wednesday, April 29th. The aerospace company reported $4.10 earnings per share for the quarter, topping analysts' consensus estimates of $3.67 by $0.43. The company had revenue of $13.48 billion for the quarter, compared to analysts' expectations of $12.70 billion. General Dynamics had a net margin of 8.07% and a return on equity of 17.41%. The firm's revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company earned $3.66 earnings per share. Equities analysts anticipate that General Dynamics Corporation will post 16.27 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. Shareholders of record on Friday, April 10th 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%. This is a positive change from General Dynamics's previous quarterly dividend of $1.50. The ex-dividend date of this dividend is Friday, April 10th. General Dynamics's dividend payout ratio is currently 41.17%.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, EVP Marguerite Amy Gilliland sold 3,819 shares of the stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $353.50, for a total transaction of $1,350,016.50. Following the sale, the executive vice president directly owned 44,767 shares of the company's stock, valued at approximately $15,825,134.50. This represents a 7.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark Lagrand Burns sold 10,153 shares of the company's stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $354.95, for a total transaction of $3,603,807.35. Following the transaction, the executive vice president owned 38,975 shares of the company's stock, valued at $13,834,176.25. This represents a 20.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 51,260 shares of company stock valued at $18,133,971 over the last three months. 1.40% of the stock is currently owned by company insiders.

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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