5,080 General Dynamics Corporation $GD Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al lessened its stake in General Dynamics Corporation (NYSE:GD) by 3.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 136,200 shares of the aerospace company’s stock after selling 5,080 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.05% of General Dynamics worth $45,195,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. purchased a new position in General Dynamics in the second quarter valued at $6,840,590,000. State Street Corp boosted its stake in shares of General Dynamics by 3.3% during the 2nd quarter. State Street Corp now owns 11,811,099 shares of the aerospace company’s stock worth $4,183,964,000 after acquiring an additional 374,682 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of General Dynamics during the 2nd quarter worth about $2,603,527,000. Corient Private Wealth LP raised its holdings in General Dynamics by 806.3% in the 2nd quarter. Corient Private Wealth LP now owns 1,661,702 shares of the aerospace company’s stock worth $588,641,000 after purchasing an additional 1,478,353 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in General Dynamics by 1.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,579,959 shares of the aerospace company’s stock worth $542,274,000 after purchasing an additional 28,249 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Transactions at General Dynamics

In other news, CEO Phebe Novakovic sold 51,568 shares of General Dynamics stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $382.58, for a total value of $19,728,885.44. Following the completion of the transaction, the chief executive officer owned 766,457 shares in the company, valued at approximately $293,231,119.06. This trade represents a 6.30% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert K. Steel sold 7,440 shares of the business’s stock in a transaction dated 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 transaction, the director directly 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. Additional details regarding this sale are available in the official SEC disclosure. 1.40% of the stock is owned by company insiders.

Key General Dynamics News

Here are the key news stories impacting General Dynamics this week:

• Positive Sentiment: Q3 results exceeded expectations. General Dynamics reported diluted EPS of $4.49, up 15.7% year over year and ahead of the roughly $4.12–$4.14 analyst consensus. Revenue rose 12.9% to $14.57 billion, exceeding estimates near $13.72 billion. General Dynamics Reports Third-Quarter 2026 Financial Results
• Positive Sentiment: Growth was broad-based. Performance improved across all four operating segments, with Gulfstream business-jet demand and marine bookings helping drive the beat. Operating earnings increased 14.7% to $1.5 billion, while operating margin expanded to 10.5%. General Dynamics tops quarterly results as Gulfstream, marine drive bookings
• Positive Sentiment: Backlog reached a record level. Quarterly orders totaled approximately $98.8 billion, including $93.8 billion in defense orders, producing a 6.8-to-1 book-to-bill ratio. Ending backlog was about $220.3 billion, supporting future revenue visibility and reinforcing the company’s exposure to sustained defense spending. General Dynamics Q3 Revenue Rises 12.9% to $14.6 Billion
• Positive Sentiment: Cash generation and outlook were supportive. General Dynamics generated $1.7 billion in operating cash flow, equal to 139% of net earnings, and management raised its guidance, providing an additional catalyst for investors. General Dynamics CEO Signs Off After 14 Years With Record $220 Billion Backlog
• Neutral Sentiment: Chief Executive Officer Phebe Novakovic is signing off after 14 years, with the transition occurring as the company reports record backlog. The strong operating results reduce immediate concern, but investors may watch for continuity under new leadership. General Dynamics Q3 2026 Earnings Call Transcript
• Negative Sentiment: Recent insider-trading data shows multiple executives, including the CEO, selling shares and no reported insider purchases over the past six months. This is a secondary concern compared with the earnings beat but could limit some investor enthusiasm.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Citigroup reduced their target price on General Dynamics from $404.00 to $374.00 and set a “neutral” rating for the company in a research note on Wednesday, October 7th. Weiss Ratings restated a “buy (b)” rating on shares of General Dynamics in a report on Monday, September 28th. TD Cowen dropped their price target on General Dynamics from $420.00 to $380.00 and set a “buy” rating for the company in a research report on Friday, October 9th. Wells Fargo & Company lifted their target price on shares of General Dynamics from $400.00 to $440.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. Finally, Jefferies Financial Group upped their price target on General Dynamics from $400.00 to $440.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Eleven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, General Dynamics presently has an average rating of “Moderate Buy” and an average target price of $402.44.

General Dynamics Trading Up 0.5%

NYSE GD opened at $372.72 on Friday. 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 firm has a market cap of $100.84 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 2.17 and a beta of 0.33. The firm has a 50 day simple moving average of $351.44 and a 200-day simple moving average of $355.06. General Dynamics Corporation has a one year low of $306.77 and a one year high of $400.00.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Friday, October 30th. The aerospace company reported $4.49 earnings per share for the quarter, topping analysts’ consensus estimates of $4.12 by $0.37. The business had revenue of $14.57 billion for the quarter, compared to analyst estimates of $13.72 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%. The company’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.88 earnings per share. Equities research analysts anticipate that General Dynamics Corporation will post 16.99 EPS for the current fiscal year.

General Dynamics Announces Dividend

The business 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 dividend of $1.59 per share. The ex-dividend date is Friday, October 9th. This represents a $6.36 annualized dividend and a yield of 1.7%. General Dynamics’s dividend payout ratio is 38.80%.

About General Dynamics

General Dynamics Corporation (NYSE: GD) is a global aerospace and defense company that develops, manufactures and supports products and services for government and commercial customers. Its operations serve the U.S. government, allied nations and other customers worldwide, with a significant focus on national security, military modernization and mission support.

The company operates through four primary business areas. Aerospace provides Gulfstream business jets and related aircraft services through Gulfstream Aerospace, as well as aircraft management, charter, maintenance and completions services through Jet Aviation.