Pzena Investment Management LLC Acquires 2,155 Shares of General Dynamics Corporation $GD

Pzena Investment Management LLC raised its holdings in shares of General Dynamics Corporation (NYSE:GD) by 2.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 110,729 shares of the aerospace company’s stock after buying an additional 2,155 shares during the period. Pzena Investment Management LLC’s holdings in General Dynamics were worth $36,743,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in GD. Rakuten Investment Management Inc. lifted its position in General Dynamics by 9.6% during the third quarter. Rakuten Investment Management Inc. now owns 44,014 shares of the aerospace company’s stock valued at $14,628,000 after purchasing an additional 3,857 shares in the last quarter. Provenance Wealth Advisors LLC grew its holdings in General Dynamics by 5,098.4% during the third quarter. Provenance Wealth Advisors LLC now owns 3,275 shares of the aerospace company’s stock valued at $1,087,000 after purchasing an additional 3,212 shares during the period. Associated Banc Corp purchased a new stake in General Dynamics in the third quarter worth about $430,000. Putney Financial Group LLC raised its stake in shares of General Dynamics by 8.1% in the third quarter. Putney Financial Group LLC now owns 1,106 shares of the aerospace company’s stock worth $367,000 after buying an additional 83 shares during the period. Finally, Gallacher Capital Management LLC bought a new position in shares of General Dynamics in the third quarter worth about $390,000. 86.14% of the stock is currently owned by institutional investors.

General Dynamics News Roundup

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.

Insider Buying and Selling at General Dynamics

In related news, Director Robert K. Steel sold 7,440 shares of the firm’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 completion of the transaction, the director directly owned 3,096 shares of the company’s stock, valued at approximately $1,071,370.80. This trade represents a 70.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

GD has been the subject of a number of recent research reports. Citigroup boosted their price objective on General Dynamics from $374.00 to $400.00 and gave the company a “neutral” rating in a research note on Monday. Morgan Stanley lifted their price target on shares of General Dynamics from $465.00 to $480.00 and gave the company an “overweight” rating in a report on Tuesday. Jefferies Financial Group reiterated a “buy” rating and issued a $455.00 price target on shares of General Dynamics in a research report on Monday. Wells Fargo & Company lifted their target price on shares of General Dynamics from $400.00 to $440.00 and gave the company an “overweight” rating in a research note on Tuesday, August 4th. Finally, Wall Street Zen downgraded shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Eleven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $408.94.

General Dynamics Stock Down 2.5%

NYSE GD opened at $365.13 on Thursday. General Dynamics Corporation has a 12 month low of $306.77 and a 12 month high of $400.00. The company has a current ratio of 1.43, a quick ratio of 0.94 and a debt-to-equity ratio of 0.23. The stock has a market cap of $98.66 billion, a PE ratio of 21.48, a P/E/G ratio of 2.15 and a beta of 0.30. The stock’s 50 day moving average is $350.79 and its 200 day moving average is $355.13.

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, beating analysts’ consensus estimates of $4.12 by $0.37. The business had revenue of $14.57 billion during the quarter, compared to analyst estimates of $13.72 billion. General Dynamics had a net margin of 8.24% and a return on equity of 17.60%. The company’s revenue was up 12.9% on a year-over-year basis. During the same period last year, the firm posted $3.88 EPS. Research analysts predict that General Dynamics Corporation will post 17.29 EPS for the current fiscal year.

General Dynamics Profile

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.