Bank of America Corp DE Has $2.79 Billion Holdings in General Dynamics Corporation $GD

Bank of America Corp DE decreased its stake in General Dynamics Corporation (NYSE:GD) by 4.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,129,671 shares of the aerospace company’s stock after selling 422,078 shares during the quarter. Bank of America Corp DE owned 3.01% of General Dynamics worth $2,790,266,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GD. Whipplewood Advisors LLC increased its stake in shares of General Dynamics by 1,725.0% in the 1st quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 69 shares during the last quarter. Steph & Co. raised its position 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 acquiring an additional 30 shares during the period. Scarborough Advisors LLC bought a new position in General Dynamics during the 1st quarter worth approximately $29,000. Wilkerson Advisory Group LLC grew its holdings in General Dynamics by 79.6% during the first quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 39 shares during the period. Finally, Center for Financial Planning Inc. grew its holdings in General Dynamics by 220.7% during the fourth quarter. Center for Financial Planning Inc. now owns 93 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 64 shares during the period. Institutional investors own 86.14% of the company’s stock.

Key Headlines Impacting General Dynamics

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 Stock Performance

Shares of GD stock opened at $382.13 on Thursday. 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 Corporation has a 52 week low of $306.03 and a 52 week high of $400.00. The company’s 50 day moving average price is $359.03 and its two-hundred day moving average price is $352.49. The company has a market capitalization of $103.34 billion, a P/E ratio of 24.05, a price-to-earnings-growth ratio of 2.37 and a beta of 0.34.

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, beating 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 company had revenue of $14.09 billion during the quarter, compared to analysts’ expectations of $13.52 billion. During the same quarter in the prior year, the company earned $3.74 earnings per share. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. On average, analysts expect that General Dynamics Corporation will post 16.66 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on GD shares. UBS Group upgraded shares of General Dynamics from a “neutral” rating to a “buy” rating in a report on Thursday, June 11th. DA Davidson decreased their price target on shares of General Dynamics from $384.00 to $375.00 in a report on Thursday, April 30th. Morgan Stanley upped their price objective on shares of General Dynamics from $410.00 to $435.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Wall Street Zen raised General Dynamics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 13th. Finally, Weiss Ratings upgraded General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $393.32.

Insider Activity

In other news, Director Mark Malcolm sold 5,480 shares of the business’s stock in a transaction dated 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. The trade was a 33.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Mark Lagrand Burns sold 36,480 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president directly owned 38,975 shares of the company’s stock, valued at $13,457,677.75. This represents a 48.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 78,190 shares of company stock worth $27,041,022 in the last three months. Company insiders own 1.40% of the company’s stock.

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.