General Dynamics Corporation $GD Position Reduced by ProShare Advisors LLC

ProShare Advisors LLC lessened its holdings in General Dynamics Corporation (NYSE:GD) by 54.9% in the third quarter, HoldingsChannel reports. The fund owned 485,264 shares of the aerospace company’s stock after selling 591,488 shares during the period. ProShare Advisors LLC’s holdings in General Dynamics were worth $161,025,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. BlackRock Inc. purchased a new position in General Dynamics during the 2nd quarter worth $6,840,590,000. State Street Corp increased its position in General Dynamics by 3.3% during the 2nd quarter. State Street Corp now owns 11,811,099 shares of the aerospace company’s stock valued at $4,183,964,000 after purchasing an additional 374,682 shares during the period. Bank of America Corp DE purchased a new position in General Dynamics during the 2nd quarter valued at about $2,603,527,000. Corient Private Wealth LP grew its position in General Dynamics by 806.3% during the 2nd quarter. Corient Private Wealth LP now owns 1,661,702 shares of the aerospace company’s stock valued at $588,641,000 after purchasing an additional 1,478,353 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in General Dynamics by 1.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,579,959 shares of the aerospace company’s stock worth $542,274,000 after buying an additional 28,249 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

GD has been the subject of several research analyst reports. Susquehanna increased their target price on General Dynamics from $420.00 to $455.00 and gave the stock a “positive” rating in a research report on Thursday, July 30th. TD Cowen reduced their target price on shares of General Dynamics from $420.00 to $380.00 and set a “buy” rating on the stock in a research note on Friday, October 9th. Royal Bank Of Canada lowered their price objective on shares of General Dynamics from $410.00 to $360.00 and set a “sector perform” rating for the company in a research report on Thursday, October 15th. Citigroup reduced their price target on shares of General Dynamics from $404.00 to $374.00 and set a “neutral” rating for the company in a report on Wednesday, October 7th. Finally, Jefferies Financial Group increased their price target on shares of General Dynamics from $400.00 to $440.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Eleven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $402.44.

General Dynamics News Summary

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.

Insider Activity

In other General Dynamics news, CEO Phebe N. Novakovic sold 51,568 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $382.58, for a total transaction of $19,728,885.44. Following the transaction, the chief executive officer directly owned 766,457 shares of the company’s stock, valued at $293,231,119.06. This represents a 6.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert K. Steel sold 7,440 shares of the company’s stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $346.05, for a total transaction of $2,574,612.00. Following the transaction, the director owned 3,096 shares of the company’s stock, valued at approximately $1,071,370.80. The trade was a 70.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.40% of the company’s stock.

General Dynamics Price Performance

GD stock opened at $372.72 on Friday. General Dynamics Corporation has a 12-month low of $306.77 and a 12-month high of $400.00. The business’s fifty day moving average price is $351.44 and its 200 day moving average price is $355.06. The company has a current ratio of 1.44, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $100.84 billion, a PE ratio of 21.92, a P/E/G ratio of 2.18 and a beta of 0.33.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Friday, October 30th. The aerospace company reported $4.49 earnings per share for the quarter, topping the consensus estimate of $4.12 by $0.37. The firm had revenue of $14.57 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 12.9% on a year-over-year basis. During the same period last year, the company earned $3.88 earnings per share. On average, sell-side analysts anticipate that General Dynamics Corporation will post 16.99 EPS for the current year.

General Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be given a $1.59 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $6.36 annualized dividend and a yield of 1.7%. General Dynamics’s dividend payout ratio (DPR) is currently 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.