Korea Investment CORP Increases Stake in General Dynamics Corporation $GD

Key Points

• Korea Investment CORP increased its General Dynamics stake by 40.9% in the second quarter, reaching 201,630 shares valued at approximately $71.4 million. Institutional investors collectively own 86.14% of the company.
• General Dynamics beat quarterly expectations with earnings of $4.24 per share 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 a 1.7% yield, while analysts maintain a “Moderate Buy” consensus and an average price target of $410.89. Insiders, however, sold more than $38 million of stock over the past three months.

Korea Investment CORP increased its stake in General Dynamics Corporation (NYSE:GD - Free Report) by 40.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 201,630 shares of the aerospace company's stock after purchasing an additional 58,485 shares during the period. Korea Investment CORP owned 0.07% of General Dynamics worth $71,425,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in shares of General Dynamics in the second quarter worth $6,840,590,000. Bank of New York Mellon Corp purchased a new stake in shares of General Dynamics during the second quarter valued at $429,073,000. AQR Capital Management LLC raised its stake in General Dynamics by 118.3% in the 3rd quarter. AQR Capital Management LLC now owns 1,663,847 shares of the aerospace company's stock worth $567,372,000 after acquiring an additional 901,679 shares during the last quarter. Northern Trust Corp lifted its position in General Dynamics by 35.0% during the 3rd quarter. Northern Trust Corp now owns 3,332,917 shares of the aerospace company's stock worth $1,136,525,000 after acquiring an additional 863,392 shares during the period. Finally, Balyasny Asset Management L.P. grew its stake in General Dynamics by 831.1% during the 3rd quarter. Balyasny Asset Management L.P. now owns 737,259 shares of the aerospace company's stock valued at $251,405,000 after purchasing an additional 658,081 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.

Insider Activity at General Dynamics

In related news, Director Mark Malcolm sold 5,480 shares of the firm's stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $365.00, for a total transaction of $2,000,200.00. Following the sale, the director owned 10,643 shares in the company, valued at approximately $3,884,695. This trade represents a 33.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Marguerite Amy Gilliland sold 43,180 shares of General Dynamics stock in a transaction on 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 completion of the transaction, the executive vice president directly owned 44,767 shares of the company's stock, valued at $16,923,716.68. The trade was a 49.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 100,228 shares of company stock worth $38,052,853 in the last three months. Company insiders own 1.40% of the company's stock.

General Dynamics Stock Down 0.4%

Shares of GD opened at $384.50 on Friday. The company has a market capitalization of $104.03 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 2.23 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 stock's 50-day moving average price is $374.15 and its 200-day moving average price is $355.82. The company has a quick ratio of 0.96, a current ratio of 1.44 and a debt-to-equity ratio of 0.23.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share for the quarter, beating 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 during the quarter, compared to analysts' expectations of $13.52 billion. During the same period last year, the business earned $3.74 earnings per share. General Dynamics's quarterly 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. On average, sell-side analysts predict that General Dynamics Corporation will post 16.97 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. Stockholders of record on Friday, October 9th will be issued a dividend of $1.59 per share. This represents a $6.36 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, October 9th. General Dynamics's payout ratio is 38.80%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GD. BNP Paribas Exane raised their price objective on General Dynamics from $390.00 to $430.00 and gave the stock an "outperform" rating in a research note on Thursday, July 30th. UBS Group upped their target price on General Dynamics from $366.00 to $395.00 and gave the company a "neutral" rating in a research report on Monday, August 3rd. Sanford C. Bernstein reissued a "market perform" rating and set a $421.00 price target on shares of General Dynamics in a research report on Monday, August 10th. Robert W. Baird set a $430.00 price objective on shares of General Dynamics in a research note on Thursday, July 30th. Finally, TD Cowen upped their price objective on shares of General Dynamics from $390.00 to $420.00 and gave the company a "buy" rating in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $410.89.

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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