General Dynamics (NYSE:GD) Issues FY 2026 Earnings Guidance

General Dynamics (NYSE:GD) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 16.450-16.550 for the period, compared to the consensus earnings per share estimate of 16.300. The company issued revenue guidance of -.

General Dynamics Stock Up 1.9%

Shares of NYSE:GD traded up $6.43 during trading on Thursday, reaching $345.16. The stock had a trading volume of 2,029,808 shares, compared to its average volume of 1,419,123. The firm’s 50-day simple moving average is $345.59 and its 200 day simple moving average is $346.18. The company has a current ratio of 1.38, a quick ratio of 0.89 and a debt-to-equity ratio of 0.24. General Dynamics has a one year low of $266.98 and a one year high of $369.70. The company has a market capitalization of $93.49 billion, a P/E ratio of 21.72, a PEG ratio of 2.26 and a beta of 0.38.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, April 29th. The aerospace company reported $4.10 EPS for the quarter, topping the consensus estimate of $3.67 by $0.43. The firm had revenue of $13.48 billion during the quarter, compared to analyst estimates of $12.64 billion. General Dynamics had a net margin of 8.07% and a return on equity of 17.41%. General Dynamics’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.66 EPS. As a group, research analysts expect that General Dynamics will post 16.3 EPS for the current fiscal year.

General Dynamics Increases Dividend

The firm also recently announced 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 positive change 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 yield of 1.8%. General Dynamics’s dividend payout ratio (DPR) is presently 41.17%.

Analysts Set New Price Targets

A number of research firms have commented on GD. Morgan Stanley increased their price target on General Dynamics from $410.00 to $435.00 and gave the company an “overweight” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft lowered General Dynamics from a “buy” rating to a “hold” rating and set a $387.00 price target on the stock. in a research note on Wednesday, April 8th. Bank of America reaffirmed a “buy” rating and issued a $400.00 price objective on shares of General Dynamics in a research report on Friday, January 30th. BNP Paribas Exane lifted their target price on shares of General Dynamics from $410.00 to $430.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 7th. Finally, Citigroup dropped their target price on shares of General Dynamics from $389.00 to $380.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, General Dynamics presently has a consensus rating of “Moderate Buy” and a consensus target price of $390.47.

Insider Transactions at General Dynamics

In other General Dynamics news, EVP Mark Lagrand Burns sold 10,153 shares of the firm’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 completion of the transaction, the executive vice president directly owned 38,975 shares of the company’s stock, valued at approximately $13,834,176.25. This trade represents a 20.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Phebe N. Novakovic sold 32,918 shares of General Dynamics stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $354.09, for a total transaction of $11,655,934.62. Following the sale, the chief executive officer owned 766,457 shares of the company’s stock, valued at approximately $271,394,759.13. The trade was a 4.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 51,260 shares of company stock valued at $18,133,971. 1.40% of the stock is owned by company insiders.

Key Headlines Impacting General Dynamics

Here are the key news stories impacting General Dynamics this week:

• Positive Sentiment: Q1 beat and guidance raise — GD reported Q1 revenue ~$13.5B and EPS $4.10, both above Street estimates; management raised FY‑2026 EPS guidance to $16.45–$16.55 and cited US$26.6B in quarterly bookings and a backlog near US$131B, boosting confidence in forward earnings. Why General Dynamics (GD) Is Up 5.6% After Raising 2026 EPS Guidance On Marine Strength
• Positive Sentiment: Morgan Stanley raises target — Morgan Stanley moved its price target to $435 and kept an overweight rating, signalling a sizable analyst‑driven upside and likely contributing to buying interest. Morgan Stanley raises price target on General Dynamics to $435
• Positive Sentiment: JPMorgan raises target — JPMorgan raised its target to $400 and placed GD on overweight, reinforcing the buy‑side narrative and supporting momentum after the beat‑and‑raise. Benzinga: JPMorgan raises GD price target
• Positive Sentiment: Order flow & shipbuilding updates — Management highlighted strong shipbuilding results (including Columbia‑class sub schedule tracking) and a roughly 2:1 book‑to‑bill driven by Marine and Combat systems, supporting revenue visibility and cash flow. General Dynamics Reports First-Quarter 2026 Financial Results
• Neutral Sentiment: RBC reaffirms rating — Royal Bank of Canada kept a “sector perform” rating with a $385 target; the note is less bullish than other broker moves and represents a moderate offset to upgrades. Benzinga: RBC reaffirms sector perform on GD

Institutional Investors Weigh In On General Dynamics

Hedge funds have recently added to or reduced their stakes in the business. Binnacle Investments Inc raised its stake in shares of General Dynamics by 4.0% during the 3rd quarter. Binnacle Investments Inc now owns 878 shares of the aerospace company’s stock valued at $299,000 after buying an additional 34 shares during the last quarter. Kirtland Hills Capital Management LLC grew its holdings in General Dynamics by 0.7% during the fourth quarter. Kirtland Hills Capital Management LLC now owns 4,828 shares of the aerospace company’s stock worth $1,625,000 after acquiring an additional 35 shares during the period. Venture Visionary Partners LLC grew its holdings in General Dynamics by 2.1% during the fourth quarter. Venture Visionary Partners LLC now owns 1,929 shares of the aerospace company’s stock worth $650,000 after acquiring an additional 39 shares during the period. Summit Financial LLC raised its position in General Dynamics by 0.7% during the fourth quarter. Summit Financial LLC now owns 6,188 shares of the aerospace company’s stock valued at $2,083,000 after acquiring an additional 43 shares in the last quarter. Finally, Abel Hall LLC lifted its holdings in General Dynamics by 6.1% in the fourth quarter. Abel Hall LLC now owns 821 shares of the aerospace company’s stock valued at $276,000 after acquiring an additional 47 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

About General Dynamics

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.