Phebe Novakovic Sells 51,568 Shares of General Dynamics (NYSE:GD) Stock

General Dynamics Corporation (NYSE:GD) CEO Phebe Novakovic sold 51,568 shares of the stock in a transaction 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 transaction, the chief executive officer owned 766,457 shares of the company’s stock, valued at approximately $293,231,119.06. This represents a 6.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

General Dynamics Stock Down 0.5%

Shares of NYSE:GD opened at $383.87 on Thursday. The company has a market capitalization of $103.86 billion, a price-to-earnings ratio of 23.42, a PEG ratio of 2.23 and a beta of 0.33. General Dynamics Corporation has a 12-month low of $306.77 and a 12-month high of $400.00. The business has a 50-day moving average price of $363.18 and a 200 day moving average price of $353.26. 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 (NYSE:GD) last posted its earnings results on Wednesday, July 29th. The aerospace company reported $4.24 EPS for the quarter, beating analysts’ consensus estimates of $3.96 by $0.28. The company had revenue of $14.09 billion for the quarter, compared to analysts’ expectations of $13.52 billion. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. General Dynamics’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.74 earnings per share. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Sell-side analysts expect that General Dynamics Corporation will post 16.97 EPS for the current year.

General Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 9th will be issued a $1.59 dividend. This represents a $6.36 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, October 9th. General Dynamics’s dividend payout ratio is currently 38.80%.

More General Dynamics News

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

• Positive Sentiment: Dividend declared: General Dynamics’ board approved a regular quarterly dividend of $1.59 per share, payable November 13, 2026, to shareholders of record October 9. The payment reinforces GD’s shareholder-return profile and equates to a $6.36 annualized dividend. General Dynamics Board Declares Dividend
• Positive Sentiment: Wells Fargo raised its price target: The firm increased its target from $400 to $440 and maintained an “overweight” rating, signaling confidence in GD’s earnings outlook and defense exposure. The new target implies substantial upside from the recent trading level. Wells Fargo Raises General Dynamics Price Target
• Positive Sentiment: Fundamentals remain solid: GD’s latest quarterly results exceeded expectations, with EPS of $4.24 versus $3.96 expected and revenue of $14.09 billion versus $13.52 billion forecast. Revenue increased 8.1% year over year, supporting the broader bullish case.
• Neutral Sentiment: Earnings-call scrutiny: Coverage of the company’s second-quarter earnings call highlights analyst questions, but the available report does not identify a new material change to guidance or operations. The 5 Most Interesting Analyst Questions From General Dynamics’ Q2 Earnings Call
• Negative Sentiment: Insider selling: CEO Phebe Novakovic sold 51,568 shares, while EVP Marguerite Amy Gilliland sold 43,180 shares for combined proceeds of roughly $36.1 million. Gilliland reduced her position by 49.1%, which could raise caution among investors, although executives retain significant holdings and sales do not necessarily indicate deteriorating fundamentals. General Dynamics Insider Sale Filings

Analyst Ratings Changes

A number of brokerages have issued reports on GD. Morgan Stanley boosted their target price on General Dynamics from $435.00 to $465.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Bank of America raised their price target on General Dynamics from $400.00 to $415.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. TD Cowen lifted their price objective on General Dynamics from $390.00 to $420.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $384.00 price objective on shares of General Dynamics in a report on Thursday, July 30th. Finally, Citigroup increased their target price on General Dynamics from $364.00 to $404.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $409.68.

Hedge Funds Weigh In On General Dynamics

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GD. Vanguard Group Inc. boosted its holdings in General Dynamics by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 24,767,330 shares of the aerospace company’s stock valued at $8,338,169,000 after purchasing an additional 528,769 shares during the period. State Street Corp grew its stake in General Dynamics by 2.7% during the 4th quarter. State Street Corp now owns 11,323,170 shares of the aerospace company’s stock worth $3,812,058,000 after purchasing an additional 294,456 shares in the last quarter. Geode Capital Management LLC increased its holdings in General Dynamics by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 6,065,462 shares of the aerospace company’s stock worth $2,039,742,000 after purchasing an additional 195,604 shares during the period. JPMorgan Chase & Co. raised its position in General Dynamics by 2.2% in the 4th quarter. JPMorgan Chase & Co. now owns 5,307,389 shares of the aerospace company’s stock valued at $1,786,786,000 after purchasing an additional 114,647 shares in the last quarter. Finally, Northern Trust Corp raised its position in General Dynamics by 3.3% in the 4th quarter. Northern Trust Corp now owns 3,443,453 shares of the aerospace company’s stock valued at $1,159,273,000 after purchasing an additional 110,536 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Company 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.