General Dynamics Corporation $GD Stock Position Lifted by International Assets Investment Management LLC

Key Points

• International Assets Investment Management increased its General Dynamics position by 1,037.3% in the third quarter, bringing its holdings to 40,000 shares valued at approximately $13.27 million. Institutional investors collectively own 86.14% of the company.
• General Dynamics reported a strong third quarter, with EPS of $4.49 and revenue of $14.57 billion, beating analyst estimates and growing 15.7% and 12.9% year over year, respectively. Record orders drove backlog to about $220.3 billion, while management also raised its guidance.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $402.44, above the reported $372.72 share price. The company declared a quarterly dividend of $1.59, although recent insider share sales—including by the CEO—may temper investor enthusiasm.

International Assets Investment Management LLC raised its holdings in General Dynamics Corporation (NYSE:GD - Free Report) by 1,037.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,000 shares of the aerospace company's stock after acquiring an additional 36,483 shares during the period. International Assets Investment Management LLC's holdings in General Dynamics were worth $13,273,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Caisse de depot et placement du Quebec boosted its position in General Dynamics by 454.0% during the 2nd quarter. Caisse de depot et placement du Quebec now owns 180,917 shares of the aerospace company's stock worth $64,088,000 after buying an additional 148,262 shares during the period. Empowered Funds LLC bought a new stake in General Dynamics during the 2nd quarter worth approximately $21,368,000. United Capital Financial Advisors LLC acquired a new position in General Dynamics in the 2nd quarter valued at approximately $30,781,000. Professional Advisory Services Inc. increased its position in General Dynamics by 4.0% in the 2nd quarter. Professional Advisory Services Inc. now owns 67,028 shares of the aerospace company's stock valued at $23,744,000 after acquiring an additional 2,562 shares during the period. Finally, FSA Advisors Inc. bought a new position in shares of General Dynamics during the second quarter valued at $1,254,000. Institutional investors and hedge funds own 86.14% of the company's stock.

Analysts Set New Price Targets

GD has been the topic of a number of recent research reports. Robert W. Baird set a $430.00 price target on shares of General Dynamics in a report on Thursday, July 30th. Bank of America increased their price objective on General Dynamics from $400.00 to $415.00 and gave the company a "buy" rating in a report on Monday, July 6th. Morgan Stanley raised their target price on General Dynamics from $435.00 to $465.00 and gave the stock an "overweight" rating in a research report on Thursday, July 30th. Wall Street Zen downgraded General Dynamics from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 1st. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $384.00 price target on shares of General Dynamics in a research report on Thursday, July 30th. Eleven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $402.44.

Insider Transactions at General Dynamics

In other news, CEO Phebe N. Novakovic sold 51,568 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer owned 766,457 shares of the company's stock, valued at $293,231,119.06. This trade represents a 6.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert K. Steel sold 7,440 shares of General Dynamics stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $346.05, for a total transaction of $2,574,612.00. Following the completion of the sale, the director owned 3,096 shares of the company's stock, valued at $1,071,370.80. This represents a 70.62% decrease in their position. The SEC filing for this sale provides additional information. 1.40% of the stock is owned by insiders.

Key Stories Impacting General Dynamics

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

• Positive Sentiment: Q3 results exceeded expectations. General Dynamics reported diluted EPS of $4.49, up 15.7% year over year and ahead of the roughly $4.12–$4.14 analyst consensus. Revenue rose 12.9% to $14.57 billion, exceeding estimates near $13.72 billion. General Dynamics Reports Third-Quarter 2026 Financial Results
• Positive Sentiment: Growth was broad-based. Performance improved across all four operating segments, with Gulfstream business-jet demand and marine bookings helping drive the beat. Operating earnings increased 14.7% to $1.5 billion, while operating margin expanded to 10.5%. General Dynamics tops quarterly results as Gulfstream, marine drive bookings
• Positive Sentiment: Backlog reached a record level. Quarterly orders totaled approximately $98.8 billion, including $93.8 billion in defense orders, producing a 6.8-to-1 book-to-bill ratio. Ending backlog was about $220.3 billion, supporting future revenue visibility and reinforcing the company’s exposure to sustained defense spending. General Dynamics Q3 Revenue Rises 12.9% to $14.6 Billion
• Positive Sentiment: Cash generation and outlook were supportive. General Dynamics generated $1.7 billion in operating cash flow, equal to 139% of net earnings, and management raised its guidance, providing an additional catalyst for investors. General Dynamics CEO Signs Off After 14 Years With Record $220 Billion Backlog
• Neutral Sentiment: Chief Executive Officer Phebe Novakovic is signing off after 14 years, with the transition occurring as the company reports record backlog. The strong operating results reduce immediate concern, but investors may watch for continuity under new leadership. General Dynamics Q3 2026 Earnings Call Transcript
• Negative Sentiment: Recent insider-trading data shows multiple executives, including the CEO, selling shares and no reported insider purchases over the past six months. This is a secondary concern compared with the earnings beat but could limit some investor enthusiasm.

General Dynamics Stock Up 0.5%

General Dynamics stock opened at $372.72 on Friday. The firm has a market cap of $100.84 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 2.18 and a beta of 0.33. General Dynamics Corporation has a 52-week low of $306.77 and a 52-week high of $400.00. 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 $351.44 and a two-hundred day moving average price of $355.06.

General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings data on Friday, October 30th. The aerospace company reported $4.49 EPS for the quarter, beating analysts' consensus estimates of $4.12 by $0.37. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The company had revenue of $14.57 billion for the quarter, compared to analyst estimates of $13.72 billion. During the same period in the prior year, the firm posted $3.88 EPS. The company's quarterly revenue was up 12.9% on a year-over-year basis. Equities analysts predict that General Dynamics Corporation will post 16.99 EPS for the current year.

General Dynamics Announces Dividend

The company 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 $1.59 dividend. The ex-dividend date is Friday, October 9th. This represents a $6.36 annualized dividend and a yield of 1.7%. General Dynamics's payout ratio is presently 38.80%.

About General Dynamics

General Dynamics Corporation NYSE: GD is a global aerospace and defense company that develops, manufactures and supports products and services for government and commercial customers. Its operations serve the U.S. government, allied nations and other customers worldwide, with a significant focus on national security, military modernization and mission support.

The company operates through four primary business areas. Aerospace provides Gulfstream business jets and related aircraft services through Gulfstream Aerospace, as well as aircraft management, charter, maintenance and completions services through Jet Aviation.

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