General Dynamics Corporation $GD Shares Bought by Kentucky Retirement Systems

Kentucky Retirement Systems grew its position in shares of General Dynamics Corporation (NYSE:GD) by 74.1% during the first quarter, HoldingsChannel reports. The firm owned 27,624 shares of the aerospace company’s stock after buying an additional 11,758 shares during the period. Kentucky Retirement Systems’ holdings in General Dynamics were worth $9,481,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its holdings in General Dynamics by 16.9% in the 4th quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock worth $760,000 after buying an additional 417 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of General Dynamics by 140.2% during the first quarter. Acadian Asset Management LLC now owns 3,445 shares of the aerospace company’s stock valued at $938,000 after acquiring an additional 2,011 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of General Dynamics during the second quarter worth about $240,000. Flow Traders U.S. LLC acquired a new position in shares of General Dynamics in the second quarter worth about $352,000. Finally, Jump Financial LLC purchased a new position in General Dynamics in the second quarter valued at about $1,284,000. 86.14% of the stock is owned by institutional investors and hedge funds.

General Dynamics Trading Down 2.8%

Shares of NYSE GD opened at $382.13 on Thursday. The stock’s 50 day moving average price is $359.03 and its two-hundred day moving average price is $352.49. General Dynamics Corporation has a 52-week low of $306.03 and a 52-week high of $400.00. The stock has a market capitalization of $103.34 billion, a P/E ratio of 24.05, a PEG ratio of 2.37 and a beta of 0.34. The company has a quick ratio of 0.90, a current ratio of 1.38 and a debt-to-equity ratio of 0.24.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, July 29th. The aerospace company reported $4.24 EPS for the quarter, topping the consensus estimate of $3.96 by $0.28. General Dynamics had a return on equity of 17.41% and a net margin of 8.07%.The company had revenue of $14.09 billion during the quarter, compared to analyst estimates of $13.52 billion. During the same quarter last year, the firm earned $3.74 EPS. The business’s revenue was up 8.1% on a year-over-year basis. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. On average, analysts anticipate that General Dynamics Corporation will post 16.66 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

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

General Dynamics News Roundup

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.

Insiders Place Their Bets

In other General Dynamics news, Director Mark Malcolm sold 5,480 shares of General Dynamics stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $365.00, for a total value of $2,000,200.00. Following the completion of the transaction, the director owned 10,643 shares of the company’s stock, valued at $3,884,695. The trade was a 33.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Mark Lagrand Burns sold 36,480 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $345.29, for a total transaction of $12,596,179.20. Following the sale, the executive vice president owned 38,975 shares of the company’s stock, valued at approximately $13,457,677.75. The trade was a 48.35% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 78,190 shares of company stock valued at $27,041,022. 1.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

GD has been the topic of several analyst reports. Bank of America lifted their price objective on General Dynamics from $400.00 to $415.00 and gave the stock a “buy” rating in a report on Monday, July 6th. Morgan Stanley increased their target price on General Dynamics from $410.00 to $435.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Wells Fargo & Company began coverage on shares of General Dynamics in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $400.00 price target for the company. JPMorgan Chase & Co. increased their price objective on shares of General Dynamics from $385.00 to $400.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, The Goldman Sachs Group decreased their price objective on shares of General Dynamics from $327.00 to $313.00 and set a “sell” rating for the company in a report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $393.32.

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.