General Dynamics Corporation $GD Stock Holdings Increased by Professional Advisory Services Inc.

Key Points

• Professional Advisory Services increased its General Dynamics stake by 4% in the second quarter, bringing its holdings to 67,028 shares valued at approximately $23.7 million. Institutional investors collectively own 86.14% of the company.
• General Dynamics reported strong quarterly results, with EPS of $4.24 and revenue of $14.09 billion, surpassing analyst estimates and reflecting 8.1% year-over-year revenue growth. Its information technology unit also secured a potential $1.3 billion Army cybersecurity contract.
• The stock has a “Moderate Buy” consensus rating with an average price target of $409.68, while the company maintained its $1.59 quarterly dividend, equivalent to a 1.6% yield. Recent insider sales, including approximately $19.7 million sold by the CEO, provide a countervailing cautionary signal.

Professional Advisory Services Inc. boosted its stake in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 4.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 67,028 shares of the aerospace company's stock after purchasing an additional 2,562 shares during the period. General Dynamics comprises approximately 2.8% of Professional Advisory Services Inc.'s holdings, making the stock its 21st largest position. Professional Advisory Services Inc.'s holdings in General Dynamics were worth $23,744,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in General Dynamics by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 24,767,330 shares of the aerospace company's stock valued at $8,338,169,000 after acquiring an additional 528,769 shares in the last quarter. M&T Bank Corp grew its position in General Dynamics by 155.6% in the fourth quarter. M&T Bank Corp now owns 104,773 shares of the aerospace company's stock worth $35,273,000 after acquiring an additional 63,781 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of General Dynamics during the 4th quarter worth $7,914,000. Deutsche Bank AG raised its holdings in shares of General Dynamics by 12.2% during the 4th quarter. Deutsche Bank AG now owns 939,264 shares of the aerospace company's stock valued at $316,213,000 after purchasing an additional 102,208 shares in the last quarter. Finally, Rayburn West Financial Services LLC acquired a new stake in shares of General Dynamics in the 4th quarter valued at $2,387,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

Key Headlines Impacting General Dynamics

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

• Positive Sentiment: Major cybersecurity contract: General Dynamics Information Technology won a potential $1.3 billion Enterprise Network Operations and Cybersecurity Support contract for the Army National Guard and other federal partners. The award expands GDIT’s role in government IT, cybersecurity, artificial intelligence and data analytics, supporting expectations for durable defense-related revenue. GDIT Awarded $1.3 Billion Enterprise Network Operations and Cybersecurity Support Contract for the Army National Guard
• Positive Sentiment: Higher analyst price target: Wells Fargo raised its price target for GD to $440, implying further upside and reflecting continued confidence in the defense contractor’s earnings and backlog. Wells Fargo Increases General Dynamics Price Target
• Positive Sentiment: Dividend maintained: General Dynamics declared a quarterly dividend of $1.59 per share, payable November 13 to shareholders of record October 9. The annualized payout is $6.36 per share, representing an approximately 1.6% yield and reinforcing the company’s shareholder-return profile.
• Neutral Sentiment: Board appointment: President Danny Deep was elected to General Dynamics’ board of directors, adding senior operating leadership to the board. The move signals continuity but is unlikely to materially alter near-term earnings expectations. General Dynamics Elects Danny Deep to Board of Directors
• Neutral Sentiment: Mixed analyst commentary: BTIG assigned GD a Hold rating, tempering the more bullish signal from Wells Fargo. General Dynamics Receives a Hold from BTIG
• Neutral Sentiment: Insider selling: The CEO sold approximately $19.7 million of stock and an executive vice president sold approximately $16.3 million. These transactions may raise caution, although insider sales can reflect personal liquidity or diversification rather than a negative business outlook. CEO Insider Sale Executive Vice President Insider Sale

General Dynamics Price Performance

NYSE GD opened at $391.76 on Friday. The stock has a 50-day simple moving average of $364.83 and a 200 day simple moving average of $353.66. General Dynamics Corporation has a twelve month low of $306.77 and a twelve month high of $400.00. The stock has a market capitalization of $106.00 billion, a PE ratio of 23.90, a P/E/G ratio of 2.24 and a beta of 0.33. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.96 and a current ratio of 1.44.

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

General Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors 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 yield of 1.6%. General Dynamics's payout ratio is 38.80%.

Analyst Upgrades and Downgrades

Several research firms have commented on GD. UBS Group increased their target price on shares of General Dynamics from $366.00 to $395.00 and gave the stock a "neutral" rating in a research report on Monday. Weiss Ratings upgraded General Dynamics from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, July 1st. Jefferies Financial Group increased their price objective on General Dynamics from $400.00 to $440.00 and gave the company a "buy" rating in a report on Thursday, July 9th. Bank of America raised their price objective on General Dynamics from $400.00 to $415.00 and gave the company a "buy" rating in a research note on Monday, July 6th. Finally, JPMorgan Chase & Co. boosted their target price on General Dynamics from $385.00 to $400.00 and gave the stock an "overweight" rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, General Dynamics currently has an average rating of "Moderate Buy" and a consensus price target of $409.68.

Insider Activity at General Dynamics

In other General Dynamics news, CEO Phebe N. Novakovic sold 51,568 shares of the firm's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $382.58, for a total value 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. This trade represents a 6.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Mark Lagrand Burns sold 36,480 shares of the business's stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $345.29, for a total transaction of $12,596,179.20. Following the transaction, the executive vice president owned 38,975 shares in the company, valued at approximately $13,457,677.75. The trade was a 48.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 172,938 shares of company stock valued at $63,093,675 in the last 90 days. 1.40% of the stock is owned by company insiders.

General Dynamics 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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