Legal & General Group Plc Grows Position in General Dynamics Corporation $GD

Key Points

• Legal & General increased its General Dynamics stake by 1.2% in the second quarter, bringing its holdings to 1.06 million shares valued at approximately $374.3 million. Institutional investors collectively own 86.14% of the company.
• General Dynamics reported quarterly earnings of $4.24 per share on $14.09 billion in revenue, beating estimates and reflecting 8.1% year-over-year revenue growth. The company maintained fiscal 2026 EPS guidance of $16.80–$16.90.
• Analysts give the stock a consensus “Moderate Buy” rating with an average price target of $410.89, compared with a recent share price of $376.49. General Dynamics also announced a quarterly dividend of $1.59 per share, representing a 1.7% yield.

Legal & General Group Plc increased its position in General Dynamics Corporation (NYSE:GD - Free Report) by 1.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,056,617 shares of the aerospace company's stock after buying an additional 12,129 shares during the quarter. Legal & General Group Plc owned 0.39% of General Dynamics worth $374,296,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in GD. Whipplewood Advisors LLC boosted its holdings in shares of General Dynamics by 1,725.0% during the first quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company's stock worth $25,000 after purchasing an additional 69 shares during the period. Scarborough Advisors LLC purchased a new position in General Dynamics during the 1st quarter valued at about $29,000. Wilkerson Advisory Group LLC raised its position in General Dynamics by 79.6% during the 1st quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company's stock valued at $30,000 after purchasing an additional 39 shares during the last quarter. Paladin Partners LLC bought a new position in General Dynamics during the 2nd quarter valued at approximately $30,000. Finally, Center for Financial Planning Inc. lifted its holdings in General Dynamics by 220.7% in the 4th quarter. Center for Financial Planning Inc. now owns 93 shares of the aerospace company's stock worth $31,000 after buying an additional 64 shares during the period. Hedge funds and other institutional investors own 86.14% of the company's stock.

Insider Transactions at General Dynamics

In other news, CEO Phebe N. Novakovic sold 51,568 shares of the company's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $382.58, for a total transaction of $19,728,885.44. Following the transaction, the chief executive officer directly owned 766,457 shares of the company's stock, valued at $293,231,119.06. This represents a 6.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mark Malcolm sold 5,480 shares of the stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $365.00, for a total value of $2,000,200.00. Following the sale, the director directly owned 10,643 shares in the company, valued at $3,884,695. This trade represents a 33.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 100,228 shares of company stock worth $38,052,853 over the last quarter. 1.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on GD. Citigroup boosted their target price on General Dynamics from $364.00 to $404.00 and gave the company a "neutral" rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. increased their price target on shares of General Dynamics from $385.00 to $400.00 and gave the stock an "overweight" rating in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $384.00 target price on shares of General Dynamics in a report on Thursday, July 30th. Wall Street Zen cut General Dynamics from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 1st. Finally, Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $421.00 target price on shares of General Dynamics in a research report on Monday, August 10th. One 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 assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $410.89.

General Dynamics Trading Down 1.9%

Shares of NYSE GD opened at $376.49 on Wednesday. The firm's 50 day moving average price is $374.88 and its 200-day moving average price is $356.25. 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 company has a market cap of $101.86 billion, a PE ratio of 22.97, a P/E/G ratio of 2.22 and a beta of 0.33.

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 net margin of 8.18% and a return on equity of 17.43%. The company had revenue of $14.09 billion during the quarter, compared to the consensus estimate of $13.52 billion. During the same quarter last year, the firm earned $3.74 earnings per share. The firm's quarterly revenue was up 8.1% compared to the same quarter last year. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. On average, equities research analysts expect that General Dynamics Corporation will post 16.97 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be issued a $1.59 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.7%. General Dynamics's dividend payout ratio (DPR) is presently 38.80%.

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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