Phebe Novakovic Sells 32,918 Shares of General Dynamics (NYSE:GD) Stock

Key Points

• CEO Phebe Novakovic sold 32,918 shares of General Dynamics at an average price of $354.09 on March 11, generating about $11.66 million and trimming her stake by 4.12% to 766,457 shares (worth ≈$271.4M).
• General Dynamics reported a quarterly EPS beat ($4.17 vs. $4.11) with revenue up 7.8% year-over-year, set FY2026 EPS guidance of 16.10–16.20, and raised its quarterly dividend to $1.59 (annualized $6.36, ~1.8% yield).
• The stock traded down about 1.1% to $351.30 on the day, and analysts maintain a consensus rating of “Moderate Buy” with an average price target of $376.26.

General Dynamics Corporation (NYSE:GD - Get Free Report) CEO Phebe Novakovic sold 32,918 shares of the firm's stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $354.09, for a total transaction of $11,655,934.62. Following the transaction, 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

General Dynamics Trading Down 1.1%

NYSE:GD traded down $3.93 on Friday, reaching $351.30. The stock had a trading volume of 984,943 shares, compared to its average volume of 1,404,931. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $369.70. The company has a market cap of $94.99 billion, a price-to-earnings ratio of 22.74, a P/E/G ratio of 2.11 and a beta of 0.39. The firm's fifty day moving average is $356.20 and its two-hundred day moving average is $343.33. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.44 and a quick ratio of 0.89.

General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.11 by $0.06. General Dynamics had a return on equity of 17.57% and a net margin of 8.01%.The business had revenue of $14.38 billion for the quarter, compared to analysts' expectations of $13.77 billion. During the same quarter last year, the firm earned $4.15 earnings per share. The business's revenue was up 7.8% on a year-over-year basis. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. Equities analysts expect that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 10th will be given a dividend of $1.59 per share. This is a boost 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 38.83%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on GD. Morgan Stanley boosted their price target on General Dynamics from $408.00 to $410.00 and gave the company an "overweight" rating in a report on Thursday, January 29th. Jefferies Financial Group boosted their target price on shares of General Dynamics from $360.00 to $385.00 and gave the company a "hold" rating in a research note on Sunday, February 1st. Sanford C. Bernstein reissued a "market perform" rating and set a $398.00 target price on shares of General Dynamics in a report on Monday, January 12th. UBS Group set a $393.00 price target on shares of General Dynamics in a report on Thursday, January 29th. Finally, BNP Paribas Exane lowered their price objective on shares of General Dynamics from $420.00 to $410.00 and set an "outperform" rating for the company in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $376.26.

Institutional Trading of General Dynamics

Several hedge funds have recently bought and sold shares of GD. Joule Financial LLC lifted its holdings in General Dynamics by 4.3% in the 4th quarter. Joule Financial LLC now owns 705 shares of the aerospace company's stock valued at $237,000 after acquiring an additional 29 shares during the last quarter. Brown Miller Wealth Management LLC raised its holdings in shares of General Dynamics by 0.3% in the 4th quarter. Brown Miller Wealth Management LLC now owns 8,889 shares of the aerospace company's stock worth $2,993,000 after purchasing an additional 29 shares in the last quarter. Crowley Wealth Management Inc. lifted its stake in General Dynamics by 1.4% during the third quarter. Crowley Wealth Management Inc. now owns 2,249 shares of the aerospace company's stock valued at $767,000 after purchasing an additional 30 shares during the last quarter. First Financial Bankshares Inc boosted its holdings in General Dynamics by 2.6% during the third quarter. First Financial Bankshares Inc now owns 1,196 shares of the aerospace company's stock worth $408,000 after buying an additional 30 shares in the last quarter. Finally, Steph & Co. boosted its holdings in General Dynamics by 65.2% during the fourth quarter. Steph & Co. now owns 76 shares of the aerospace company's stock worth $26,000 after buying an additional 30 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

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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