Kornitzer Capital Management Inc. KS trimmed its stake in General Dynamics Corporation (NYSE:GD – Free Report) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 104,169 shares of the aerospace company’s stock after selling 5,372 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in General Dynamics were worth $35,070,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently added to or reduced their stakes in the stock. Dunhill Financial LLC lifted its position in shares of General Dynamics by 620.0% in the 3rd quarter. Dunhill Financial LLC now owns 72 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 62 shares during the period. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of General Dynamics in the 3rd quarter worth approximately $25,000. Dagco Inc. purchased a new stake in shares of General Dynamics in the 4th quarter worth approximately $25,000. Burkett Financial Services LLC lifted its position in shares of General Dynamics by 650.0% in the 3rd quarter. Burkett Financial Services LLC now owns 75 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 65 shares during the period. Finally, Steph & Co. lifted 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 worth $26,000 after purchasing an additional 30 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.
General Dynamics Trading Up 0.3%
NYSE GD opened at $345.49 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.38 and a debt-to-equity ratio of 0.24. The firm has a market cap of $93.43 billion, a PE ratio of 21.74, a price-to-earnings-growth ratio of 2.30 and a beta of 0.34. The company has a 50 day moving average price of $345.59 and a 200 day moving average price of $346.18. General Dynamics Corporation has a 52 week low of $266.98 and a 52 week high of $369.70.
General Dynamics Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 10th will be paid a dividend of $1.59 per share. This is a boost from General Dynamics’s previous quarterly dividend of $1.50. The ex-dividend date is Friday, April 10th. This represents a $6.36 annualized dividend and a dividend yield of 1.8%. General Dynamics’s dividend payout ratio (DPR) is presently 41.17%.
Insider Activity
In other General Dynamics news, EVP Marguerite Amy Gilliland sold 3,819 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $353.50, for a total transaction of $1,350,016.50. Following the transaction, the executive vice president owned 44,767 shares in the company, valued at approximately $15,825,134.50. This represents a 7.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Mark Lagrand Burns sold 10,153 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $354.95, for a total transaction of $3,603,807.35. Following the transaction, the executive vice president owned 38,975 shares in the company, valued at $13,834,176.25. The trade was a 20.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 51,260 shares of company stock worth $18,133,971. Insiders own 1.40% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on GD. UBS Group lowered their price target on shares of General Dynamics from $385.00 to $371.00 and set a “neutral” rating for the company in a research report on Thursday. Wells Fargo & Company began coverage on shares of General Dynamics in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $400.00 price target for the company. Bank of America reaffirmed a “buy” rating and issued a $400.00 price target on shares of General Dynamics in a research report on Friday, January 30th. DA Davidson lowered their price target on shares of General Dynamics from $384.00 to $375.00 in a research report on Thursday. Finally, TD Cowen upped their price target on shares of General Dynamics from $370.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $387.70.
More General Dynamics News
Here are the key news stories impacting General Dynamics this week:
- Positive Sentiment: Q1 beat and guidance raise: GD reported EPS $4.10 vs. $3.67 est., revenue ~$13.5B vs. $12.7B est., bookings ~$26.6B and backlog ~ $131B; management raised FY26 EPS guidance to $16.45–$16.55 — the core catalyst lifting the stock. Why General Dynamics (GD) Is Up 5.6% After Raising 2026 EPS Guidance On Marine Strength
- Positive Sentiment: High?profile price target upgrades: Morgan Stanley raised its target to $435 (overweight) and JPMorgan lifted its target to $400 (overweight), signaling dealer confidence in GD’s Marine and Aerospace momentum. Morgan Stanley raises price target on General Dynamics to $435
- Neutral Sentiment: Analysts mixed but generally positive: RBC reaffirmed a sector?perform view with a $385 target, keeping some moderation in expectations despite the beat. RBC reaffirms sector perform on GD
- Neutral Sentiment: Defense demand backdrop: industry writes point to stronger defense spending and large backlogs (e.g., Northrop Grumman’s backlog), and reports that U.S. bases in the Middle East may need rebuilding — supportive for long?term revenue but increases near?term volatility. Northrop Grumman Gains From Strong Backlog and Rising Defense Demand
- Negative Sentiment: Some broker trims: BNP Paribas Exane cut its target to $390 (still outperform) and DA Davidson trimmed its target to $375 — these reductions add near?term pressure and show differing views on sustainable upside. BNP Paribas adjusts price target on General Dynamics to $390 from $430 DA Davidson trims price target on General Dynamics to $375
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.
Further Reading
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