National Pension Service Raises Holdings in General Dynamics Corporation $GD

National Pension Service increased its stake in shares of General Dynamics Corporation (NYSE:GD) by 2.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 756,122 shares of the aerospace company’s stock after acquiring an additional 16,386 shares during the period. National Pension Service’s holdings in General Dynamics were worth $267,849,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. California State Teachers Retirement System boosted its position in General Dynamics by 35,603.0% in the 2nd quarter. California State Teachers Retirement System now owns 126,417,629 shares of the aerospace company’s stock worth $44,782,181,000 after purchasing an additional 126,063,548 shares in the last quarter. BlackRock Inc. purchased a new position in shares of General Dynamics during the 2nd quarter valued at approximately $6,840,590,000. State Street Corp increased its holdings in shares of General Dynamics by 2.7% during the 4th quarter. State Street Corp now owns 11,323,170 shares of the aerospace company’s stock valued at $3,812,058,000 after purchasing an additional 294,456 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of General Dynamics in the 2nd quarter valued at $2,603,527,000. Finally, Geode Capital Management LLC lifted its stake in shares of General Dynamics by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 6,065,462 shares of the aerospace company’s stock valued at $2,039,742,000 after purchasing an additional 195,604 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GD has been the subject of a number of recent analyst reports. Wells Fargo & Company lifted their price objective on shares of General Dynamics from $400.00 to $440.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. Bank of America raised their target price on General Dynamics from $400.00 to $415.00 and gave the company a “buy” rating in a research report on Monday, July 6th. Jefferies Financial Group lifted 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. Citigroup upped their price target on General Dynamics from $364.00 to $404.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Finally, UBS Group raised their price objective on General Dynamics from $395.00 to $408.00 and gave the company a “neutral” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $411.58.

General Dynamics Stock Down 1.1%

Shares of NYSE GD opened at $352.78 on Thursday. The company’s 50-day simple moving average is $378.56 and its 200-day simple moving average is $357.52. General Dynamics Corporation has a 52-week low of $306.77 and a 52-week high of $400.00. The firm has a market cap of $95.45 billion, a price-to-earnings ratio of 21.52, a price-to-earnings-growth ratio of 2.06 and a beta of 0.32. The company has a quick ratio of 0.96, a current ratio of 1.44 and a debt-to-equity ratio of 0.23.

General Dynamics (NYSE:GD) last released its quarterly 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 firm had revenue of $14.09 billion during the quarter, compared to the consensus estimate of $13.52 billion. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Equities analysts predict that General Dynamics Corporation will post 16.99 EPS for the current fiscal year.

General Dynamics Announces Dividend

The company also recently announced 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 of this dividend is Friday, October 9th. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.8%. General Dynamics’s dividend payout ratio is presently 38.80%.

Insider Buying and Selling at General Dynamics

In other news, Director Mark Malcolm sold 5,480 shares of the firm’s 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 transaction, the director owned 10,643 shares in the company, valued at $3,884,695. This trade represents a 33.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Phebe Novakovic sold 51,568 shares of General Dynamics stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 766,457 shares in the company, valued at $293,231,119.06. This represents a 6.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 100,228 shares of company stock valued at $38,052,853 over the last quarter. 1.40% of the stock is currently owned by insiders.

About General Dynamics

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.