Bank of America Corp DE Sells 422,078 Shares of General Dynamics Corporation $GD

Bank of America Corp DE trimmed its holdings in shares of General Dynamics Corporation (NYSE:GD) by 4.9% in the first quarter, HoldingsChannel reports. The institutional investor owned 8,129,671 shares of the aerospace company’s stock after selling 422,078 shares during the period. Bank of America Corp DE’s holdings in General Dynamics were worth $2,790,266,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Whipplewood Advisors LLC increased its position in shares of General Dynamics by 1,725.0% during the 1st 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 last quarter. Steph & Co. boosted its holdings in shares of General Dynamics by 65.2% in the 4th quarter. Steph & Co. now owns 76 shares of the aerospace company’s stock valued at $26,000 after buying an additional 30 shares during the last quarter. Scarborough Advisors LLC acquired a new stake in shares of General Dynamics in the 1st quarter valued at approximately $29,000. Wilkerson Advisory Group LLC grew its stake in shares of General Dynamics by 79.6% in the first quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company’s stock valued at $30,000 after buying an additional 39 shares in the last quarter. Finally, Motiv8 Investments LLC acquired a new position in General Dynamics during the fourth quarter worth $31,000. Institutional investors own 86.14% of the company’s stock.

Insider Activity at General Dynamics

In related news, EVP Mark Lagrand Burns sold 36,480 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $345.29, for a total value of $12,596,179.20. Following the completion of the sale, the executive vice president directly owned 38,975 shares in the company, valued at approximately $13,457,677.75. The trade was a 48.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mark Malcolm sold 5,480 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was 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 represents a 33.99% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 78,190 shares of company stock valued at $27,041,022. 1.40% of the stock is currently owned by corporate insiders.

General Dynamics News Roundup

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

• Positive Sentiment: Quarterly results exceeded expectations. General Dynamics reported $4.24 in diluted EPS versus the $3.96 analyst consensus and revenue of approximately $14.1 billion versus expectations of $13.5 billion. Revenue rose 8.1% year over year, while operating earnings increased 11.9% and operating margin expanded to 10.4%. General Dynamics Reports Second-Quarter 2026 Financial Results
• Positive Sentiment: Demand and future revenue visibility strengthened. Orders reached $20 billion, producing a 1.4-to-1 companywide book-to-bill ratio and lifting backlog to a record $136.5 billion. All four business segments grew, led by Aerospace and Marine Systems. General Dynamics Q2 2026 Earnings Call Highlights
• Positive Sentiment: Major submarine award supports long-term growth. General Dynamics Electric Boat received contracts totaling $76.6 billion for 14 submarines, including $29.5 billion for five Columbia-class vessels and $42.1 billion for nine Virginia-class submarines, plus shipyard infrastructure funding. Electric Boat Awarded Construction Contracts
• Positive Sentiment: Management raised or reaffirmed an above-consensus outlook. Fiscal 2026 EPS guidance was set at $16.80–$16.90, compared with consensus of $16.67, while revenue guidance of roughly $55.7 billion also exceeded expectations.
• Neutral Sentiment: Operating cash flow was strong at $1.9 billion, or 162% of net earnings, although management highlighted supply-chain constraints and margin pressures that could limit near-term operating leverage. General Dynamics Stock Drops Following Earnings Beat
• Negative Sentiment: The post-earnings decline suggests investors may have been focused on profit-taking after GD reached elevated valuation levels, remaining production and supply risks, and a weak broader market. Recent insider activity also shows more selling than buying, though it is not necessarily tied to business fundamentals.

General Dynamics Price Performance

NYSE:GD opened at $382.13 on Thursday. General Dynamics Corporation has a 52 week low of $306.03 and a 52 week high of $400.00. The firm has a market cap of $103.34 billion, a price-to-earnings ratio of 24.05, a P/E/G ratio of 2.37 and a beta of 0.34. The firm’s 50-day simple moving average is $359.03 and its 200 day simple moving average is $352.49. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.38.

General Dynamics (NYSE:GD) last issued its quarterly earnings data 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. General Dynamics had a net margin of 8.07% and a return on equity of 17.41%. The business had revenue of $14.09 billion during the quarter, compared to analysts’ expectations of $13.52 billion. During the same quarter in the previous year, the company earned $3.74 EPS. The business’s revenue 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, sell-side analysts predict that General Dynamics Corporation will post 16.66 earnings per share for the current year.

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 2nd will be given a $1.59 dividend. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Thursday, July 2nd. General Dynamics’s payout ratio is presently 40.03%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GD shares. Deutsche Bank Aktiengesellschaft dropped their target price on shares of General Dynamics from $387.00 to $377.00 and set a “hold” rating on the stock in a report on Wednesday, May 6th. UBS Group upgraded General Dynamics from a “neutral” rating to a “buy” rating in a report on Thursday, June 11th. BNP Paribas Exane lowered their price target on General Dynamics from $430.00 to $390.00 and set an “outperform” rating on the stock in a research report on Thursday, April 30th. Weiss Ratings raised General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 1st. Finally, JPMorgan Chase & Co. lifted their target price on General Dynamics from $385.00 to $400.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, General Dynamics presently has a consensus rating of “Moderate Buy” and a consensus price target of $393.32.

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.