Kornitzer Capital Management Inc. KS Sells 5,372 Shares of General Dynamics Corporation $GD

Key Points

• Kornitzer Capital Management trimmed its stake in General Dynamics by 4.9%, selling 5,372 shares and leaving 104,169 shares valued at about $35.07 million.
• General Dynamics beat Q1 estimates (EPS $4.10 vs. $3.67; revenue $13.48B vs. $12.7B) and raised FY26 EPS guidance to $16.45–$16.55, citing strong bookings (~$26.6B) and a backlog near $131B.
• Analyst sentiment has turned more positive, with major firms lifting targets (e.g., Morgan Stanley to $435, JPMorgan to $400) and a MarketBeat consensus of “Moderate Buy” with an average price target of $387.70.

Kornitzer Capital Management Inc. KS cut its holdings in General Dynamics Corporation (NYSE:GD - Free Report) by 4.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 104,169 shares of the aerospace company's stock after selling 5,372 shares during the period. Kornitzer Capital Management Inc. KS's holdings in General Dynamics were worth $35,070,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Blalock Williams LLC increased its holdings in shares of General Dynamics by 4.2% in the 4th quarter. Blalock Williams LLC now owns 848 shares of the aerospace company's stock worth $285,000 after buying an additional 34 shares during the last quarter. Robertson Stephens Wealth Management LLC increased its holdings in shares of General Dynamics by 14.8% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 871 shares of the aerospace company's stock worth $293,000 after buying an additional 112 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of General Dynamics by 1.0% in the 4th quarter. Fifth Third Bancorp now owns 228,849 shares of the aerospace company's stock worth $77,044,000 after buying an additional 2,250 shares during the last quarter. Danske Bank A S increased its holdings in shares of General Dynamics by 24.3% in the 4th quarter. Danske Bank A S now owns 78,946 shares of the aerospace company's stock worth $26,578,000 after buying an additional 15,443 shares during the last quarter. Finally, Mutual Advisors LLC increased its holdings in shares of General Dynamics by 0.6% in the 4th quarter. Mutual Advisors LLC now owns 8,410 shares of the aerospace company's stock worth $2,831,000 after buying an additional 52 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on GD. Weiss Ratings restated a "buy (b)" rating on shares of General Dynamics in a report on Tuesday, April 21st. Argus boosted their target price on shares of General Dynamics from $380.00 to $395.00 and gave the stock a "buy" rating in a report on Thursday, February 19th. Wall Street Zen upgraded shares of General Dynamics from a "hold" rating to a "buy" rating in a report on Saturday. Wolfe Research lifted their price target on shares of General Dynamics from $400.00 to $415.00 and gave the stock an "outperform" rating in a research note on Monday, January 12th. Finally, Jefferies Financial Group dropped their price target on shares of General Dynamics from $385.00 to $380.00 and set a "hold" rating for the company in a research note on Tuesday, April 7th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $387.70.

General Dynamics Price Performance

GD stock opened at $345.49 on Friday. General Dynamics Corporation has a 12 month low of $266.98 and a 12 month high of $369.70. The company has a current ratio of 1.38, a quick ratio of 0.89 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average price of $345.59 and a 200 day moving average price of $346.18. The stock has a market cap of $93.43 billion, a PE ratio of 21.74, a P/E/G ratio of 2.30 and a beta of 0.34.

General Dynamics (NYSE:GD - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The aerospace company reported $4.10 EPS for the quarter, topping analysts' consensus estimates of $3.67 by $0.43. General Dynamics had a net margin of 8.07% and a return on equity of 17.41%. The firm had revenue of $13.48 billion during the quarter, compared to analysts' expectations of $12.70 billion. During the same period in the previous year, the company earned $3.66 EPS. The firm's revenue for the quarter was up 10.3% compared to the same quarter last year. Equities research analysts anticipate that General Dynamics Corporation will post 16.27 earnings per share for the current year.

General Dynamics Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 10th will be given a $1.59 dividend. 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. This represents a $6.36 annualized dividend and a yield of 1.8%. General Dynamics's dividend payout ratio is presently 41.17%.

Insider Activity at General Dynamics

In other General Dynamics news, VP Mark Rayha sold 4,370 shares of the business's stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $348.79, for a total value of $1,524,212.30. Following the completion of the sale, the vice president directly owned 7,936 shares of the company's stock, valued at $2,767,997.44. The trade was a 35.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Phebe N. Novakovic sold 32,918 shares of the business's stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $354.09, for a total transaction of $11,655,934.62. Following the completion of the sale, the chief executive officer directly owned 766,457 shares of the company's stock, valued at approximately $271,394,759.13. This trade represents a 4.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 51,260 shares of company stock valued at $18,133,971 in the last quarter. Corporate insiders own 1.40% of the company's stock.

Key Headlines Impacting General Dynamics

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

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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