Key Points
- Director Robert Steel sold 7,440 General Dynamics shares for approximately $2.57 million at an average price of $346.05, reducing his ownership by about 71% to 3,096 shares.
- General Dynamics reported quarterly revenue of $14.09 billion and EPS of $4.24, beating analyst expectations, while revenue increased 8.1% year over year. Its fiscal 2026 EPS guidance of $16.80–$16.90 is slightly below the $16.99 analyst consensus.
- The company declared a quarterly dividend of $1.59 per share, or $6.36 annualized, representing a 1.9% yield; analysts maintain a broadly positive view, with a consensus “Moderate Buy” rating and an average price target of $410.84.
General Dynamics Corporation (NYSE:GD - Get Free Report) Director Robert Steel sold 7,440 shares of the stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $346.05, for a total value of $2,574,612.00. Following the sale, the director owned 3,096 shares of the company's stock, valued at approximately $1,071,370.80. This represents a 70.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.
General Dynamics Price Performance
GD opened at $336.82 on Friday. The stock has a fifty day moving average price of $373.42 and a 200 day moving average price of $357.03. The company has a current ratio of 1.44, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23. General Dynamics Corporation has a 1 year low of $306.77 and a 1 year high of $400.00. The stock has a market cap of $91.13 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 1.94 and a beta of 0.32.
General Dynamics (NYSE:GD - Get Free Report) last issued its earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share for the quarter, topping the consensus estimate of $3.96 by $0.28. The company had revenue of $14.09 billion for the quarter, compared to analyst estimates of $13.52 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The business's revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Analysts forecast that General Dynamics Corporation will post 16.99 EPS for the current fiscal year.
General Dynamics Announces Dividend
The firm also recently declared 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. This represents a $6.36 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Friday, October 9th. General Dynamics's payout ratio is 38.80%.
Institutional Investors Weigh In On General Dynamics
Large investors have recently made changes to their positions in the company. QRG Capital Management Inc. increased its position in shares of General Dynamics by 4.7% during the 2nd quarter. QRG Capital Management Inc. now owns 66,370 shares of the aerospace company's stock worth $23,511,000 after purchasing an additional 2,962 shares in the last quarter. State Street Corp boosted its position in General Dynamics by 3.3% in the second quarter. State Street Corp now owns 11,811,099 shares of the aerospace company's stock valued at $4,183,964,000 after buying an additional 374,682 shares in the last quarter. Wellington Altus USA Inc. grew its stake in General Dynamics by 77.8% during the second quarter. Wellington Altus USA Inc. now owns 80 shares of the aerospace company's stock worth $27,000 after buying an additional 35 shares during the last quarter. Talon Private Wealth LLC grew its stake in General Dynamics by 8.0% during the second quarter. Talon Private Wealth LLC now owns 8,138 shares of the aerospace company's stock worth $2,883,000 after buying an additional 603 shares during the last quarter. Finally, Core Capital Management & Research inc. acquired a new stake in shares of General Dynamics during the second quarter worth approximately $314,000. Institutional investors own 86.14% of the company's stock.
Key Stories Impacting General Dynamics
Here are the key news stories impacting General Dynamics this week:
- Positive Sentiment: General Dynamics received a multiyear U.S. Army contract modification for additional Double V Hull A1 Stryker vehicles, extending production through 2028. The award expands the Stryker backlog and provides funded work for GD Land Systems facilities. What Does General Dynamics Winning New Stryker Work Mean Through 2028?
- Positive Sentiment: The Army’s seven-year framework agreements with General Dynamics and Lockheed Martin aim to substantially increase PAC-3 MSE and THAAD interceptor capacity. The agreements highlight strong missile-defense demand and could benefit GD’s Ordnance and Tactical Systems business, although Lockheed may capture more of the direct upside. Could Lockheed Martin’s Missile Defense Boom Give It an Edge Over General Dynamics?
- Neutral Sentiment: General Dynamics recently reported quarterly revenue of $14.09 billion and earnings of $4.24 per share, beating consensus estimates, with revenue up 8.1% year over year. However, its fiscal 2026 EPS guidance of $16.80–$16.90 is slightly below the broader analyst estimate of $16.99, limiting the positive earnings impact.
- Negative Sentiment: Director Robert K. Steel sold 7,440 GD shares for approximately $2.57 million at an average price of $346.05, reducing his direct ownership by about 71% to 3,096 shares. While insider sales can reflect personal financial decisions, the size of the reduction may raise caution among investors. General Dynamics Insider Sold Shares Worth $2.57 Million
- Negative Sentiment: GD recently underperformed the broader market, and its shares remain below their 50-day and 200-day moving averages. This technical weakness suggests continued pressure despite the company’s solid defense backlog and recent contract awards. Here’s Why General Dynamics Fell More Than the Broader Market
Wall Street Analyst Weigh In
A number of research firms have recently commented on GD. Wells Fargo & Company raised their price objective on shares of General Dynamics from $400.00 to $440.00 and gave the stock an "overweight" rating in a report on Tuesday, August 4th. Susquehanna upped their target price on shares of General Dynamics from $420.00 to $455.00 and gave the company a "positive" rating in a research note on Thursday, July 30th. Wall Street Zen lowered shares of General Dynamics from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 1st. Citigroup raised their price target on shares of General Dynamics from $364.00 to $404.00 and gave the stock a "neutral" rating in a research note on Thursday, July 30th. Finally, Bank of America lifted their price objective on General Dynamics from $400.00 to $415.00 and gave the company a "buy" rating in a report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $410.84.
View Our Latest Report on GD
General Dynamics Company Profile
(
Get Free Report)
General Dynamics Corporation (NYSE:GD) is an aerospace and defense company that develops and delivers products and services for government and commercial customers. Its operations are organized across four principal business areas: Aerospace, Marine Systems, Combat Systems and Technologies.
Through its Aerospace business, General Dynamics manufactures Gulfstream business jets and provides aircraft maintenance, repair and refurbishment services. Its Marine Systems businesses design and build nuclear-powered submarines and surface ships, while Combat Systems produces military vehicles, weapons systems and munitions.
Further Reading
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