General Dynamics Corporation $GD Shares Bought by Pzena Investment Management LLC

Pzena Investment Management LLC raised its position in shares of General Dynamics Corporation (NYSE:GD) by 2.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,729 shares of the aerospace company’s stock after buying an additional 2,155 shares during the quarter. Pzena Investment Management LLC’s holdings in General Dynamics were worth $36,743,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Whipplewood Advisors LLC grew its holdings in shares of General Dynamics by 1,725.0% in the first quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 69 shares in the last quarter. Wellington Altus USA Inc. lifted its holdings in shares of General Dynamics by 77.8% in the 2nd quarter. Wellington Altus USA Inc. now owns 80 shares of the aerospace company’s stock valued at $27,000 after acquiring an additional 35 shares during the last quarter. Downshift Financial LLC grew its position in General Dynamics by 134.3% in the third quarter. Downshift Financial LLC now owns 82 shares of the aerospace company’s stock worth $27,000 after acquiring an additional 47 shares in the last quarter. Morton Brown Family Wealth LLC increased its stake in General Dynamics by 182.8% during the third quarter. Morton Brown Family Wealth LLC now owns 82 shares of the aerospace company’s stock worth $27,000 after acquiring an additional 53 shares during the last quarter. Finally, John Boyer Inc. bought a new stake in General Dynamics during the third quarter worth approximately $28,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting General Dynamics

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

• Positive Sentiment: Zacks upgraded GD to Rank #2 (Buy), citing improving earnings prospects—a potentially supportive signal for near-term sentiment. Zacks upgrade article
• Positive Sentiment: General Dynamics raised its FY 2026 outlook to EPS of $17.20–$17.30 and revenue of $56.5–$56.8 billion, above the cited consensus estimates of $17.00 and $55.9 billion, respectively. Guidance report
• Positive Sentiment: Analyst coverage was broadly constructive: Citigroup reportedly expects the stock to rise, RBC raised its price target, and Morgan Stanley lifted its target to $480 with an Overweight rating. Morgan Stanley cited Marine Systems productivity gains and a Gulfstream delivery ramp as growth supports. Morgan Stanley analysis
• Neutral Sentiment: Coverage highlighted GD’s sizable backlog as a source of potential long-term demand, while also flagging execution risks. The supplied article details do not specify the risks. Backlog analysis
• Neutral Sentiment: A comparison of General Dynamics and GE Aerospace against their sector was published, but the summary provided does not include performance figures or a clear implication for GD. Sector comparison
• Negative Sentiment: The execution concerns mentioned in backlog coverage could weigh on investor sentiment if delivery or program performance falls short, though no specific issue was provided.

Wall Street Analysts Forecast Growth

GD has been the topic of a number of recent research reports. Sanford C. Bernstein upped their price objective on General Dynamics from $365.00 to $386.00 and gave the company a “market perform” rating in a research report on Tuesday. TD Cowen dropped their target price on General Dynamics from $420.00 to $380.00 and set a “buy” rating for the company in a report on Friday, October 9th. Wells Fargo & Company boosted their target price on General Dynamics from $400.00 to $440.00 and gave the company an “overweight” rating in a research report on Tuesday, August 4th. Citigroup increased their price target on General Dynamics from $374.00 to $400.00 and gave the company a “neutral” rating in a report on Monday. Finally, Morgan Stanley raised their price target on General Dynamics from $465.00 to $480.00 and gave the stock an “overweight” rating in a research report on Tuesday. Eleven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $408.94.

General Dynamics Stock Performance

Shares of NYSE:GD opened at $365.13 on Thursday. The company has a market capitalization of $98.66 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 2.15 and a beta of 0.30. General Dynamics Corporation has a 12 month low of $306.77 and a 12 month high of $400.00. The firm’s 50-day moving average is $350.79 and its 200 day moving average is $355.13. The company has a current ratio of 1.43, a quick ratio of 0.94 and a debt-to-equity ratio of 0.23.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Friday, October 30th. The aerospace company reported $4.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.12 by $0.37. The business had revenue of $14.57 billion during the quarter, compared to the consensus estimate of $13.72 billion. General Dynamics had a net margin of 8.24% and a return on equity of 17.60%. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the firm earned $3.88 earnings per share. Research analysts predict that General Dynamics Corporation will post 17.29 EPS for the current year.

Insider Activity at General Dynamics

In other news, Director Robert K. Steel sold 7,440 shares of the stock in a transaction that occurred 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 directly owned 3,096 shares in the company, 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 can be accessed through the SEC website. Corporate insiders own 1.40% of the company’s stock.

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.