NewEdge Advisors LLC Boosts Stock Position in General Dynamics Corporation $GD

Key Points

• NewEdge Advisors increased its General Dynamics position by 7.6% in the first quarter, bringing its holdings to 41,582 shares worth approximately $14.3 million. Institutional investors collectively own 86.14% of GD’s stock.
• General Dynamics exceeded quarterly expectations, reporting $4.24 in EPS and $14.09 billion in revenue, with revenue up 8.1% year over year. Analysts maintain a “Moderate Buy” consensus and an average price target of $409.68.
• Insiders sold significant amounts of stock over the past 90 days, totaling 172,938 shares valued at roughly $63.1 million, while the company maintained its quarterly dividend at $1.59 per share.

NewEdge Advisors LLC lifted its position in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 7.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,582 shares of the aerospace company's stock after buying an additional 2,924 shares during the period. NewEdge Advisors LLC's holdings in General Dynamics were worth $14,272,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of GD. Optiver Holding B.V. purchased a new position in shares of General Dynamics during the first quarter worth approximately $781,000. Allen Capital Group LLC lifted its stake in shares of General Dynamics by 9.8% in the 1st quarter. Allen Capital Group LLC now owns 2,411 shares of the aerospace company's stock valued at $828,000 after acquiring an additional 215 shares during the last quarter. Summit Financial Wealth Advisors LLC lifted its stake in shares of General Dynamics by 19.2% in the 1st quarter. Summit Financial Wealth Advisors LLC now owns 930 shares of the aerospace company's stock valued at $319,000 after acquiring an additional 150 shares during the last quarter. Axiom Investment Management LLC purchased a new stake in General Dynamics during the 1st quarter valued at about $1,263,000. Finally, WNY Asset Management LLC bought a new position in General Dynamics during the 1st quarter worth approximately $332,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

Insider Activity at General Dynamics

In other General Dynamics news, EVP Mark Lagrand Burns sold 36,480 shares of General Dynamics stock in a transaction that occurred on 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 sale, the executive vice president directly owned 38,975 shares of the company's stock, valued at approximately $13,457,677.75. The trade was a 48.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Marguerite Amy Gilliland sold 43,180 shares of the company's stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $378.04, for a total value of $16,323,767.20. Following the transaction, the executive vice president owned 44,767 shares in the company, valued at $16,923,716.68. This trade represents a 49.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 172,938 shares of company stock valued at $63,093,675. 1.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have weighed in on GD shares. The Goldman Sachs Group lowered their price objective on General Dynamics from $327.00 to $313.00 and set a "sell" rating for the company in a research report on Monday, May 4th. Morgan Stanley upped their price target on shares of General Dynamics from $435.00 to $465.00 and gave the company an "overweight" rating in a report on Thursday, July 30th. TD Cowen raised their price target on shares of General Dynamics from $390.00 to $420.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Bank of America boosted their price objective on shares of General Dynamics from $400.00 to $415.00 and gave the company a "buy" rating in a research report on Monday, July 6th. Finally, Susquehanna increased their target price on shares of General Dynamics from $420.00 to $455.00 and gave the stock a "positive" rating in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, General Dynamics currently has an average rating of "Moderate Buy" and an average target price of $409.68.

General Dynamics News Roundup

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 Stock Performance

NYSE:GD opened at $391.76 on Friday. The stock has a market cap of $105.99 billion, a P/E ratio of 23.90, a price-to-earnings-growth ratio of 2.27 and a beta of 0.33. The firm's fifty day simple moving average is $364.83 and its 200 day simple moving average is $353.66. General Dynamics Corporation has a twelve month low of $306.77 and a twelve month high of $400.00. 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 issued its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $4.24 EPS for the quarter, topping 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 business had revenue of $14.09 billion during the quarter, compared to analyst estimates of $13.52 billion. During the same period in the prior year, the business earned $3.74 EPS. The company's revenue for the quarter was up 8.1% on a year-over-year basis. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. As a group, research analysts predict that General Dynamics Corporation will post 16.97 EPS for the current year.

General Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 9th will be paid a $1.59 dividend. This represents a $6.36 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, October 9th. General Dynamics's dividend payout ratio is presently 38.80%.

General Dynamics Company 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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