88,802 Shares in General Dynamics Corporation $GD Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of General Dynamics Corporation (NYSE:GD) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 88,802 shares of the aerospace company’s stock, valued at approximately $29,467,000.

Other hedge funds have also recently modified their holdings of the company. Caisse de depot et placement du Quebec raised its stake in shares of General Dynamics by 454.0% during the 2nd quarter. Caisse de depot et placement du Quebec now owns 180,917 shares of the aerospace company’s stock worth $64,088,000 after buying an additional 148,262 shares in the last quarter. Empowered Funds LLC acquired a new position in General Dynamics during the second quarter worth $21,368,000. United Capital Financial Advisors LLC acquired a new position in General Dynamics during the second quarter worth $30,781,000. Professional Advisory Services Inc. raised its position in General Dynamics by 4.0% in the second quarter. Professional Advisory Services Inc. now owns 67,028 shares of the aerospace company’s stock worth $23,744,000 after acquiring an additional 2,562 shares in the last quarter. Finally, FSA Advisors Inc. purchased a new position in General Dynamics in the second quarter worth $1,254,000. 86.14% of the stock is owned by institutional investors and hedge funds.

General Dynamics Stock Performance

NYSE GD opened at $373.16 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 1.44 and a debt-to-equity ratio of 0.23. General Dynamics Corporation has a fifty-two week low of $306.77 and a fifty-two week high of $400.00. The business has a fifty day moving average of $351.22 and a 200-day moving average of $355.11. The stock has a market cap of $100.96 billion, a price-to-earnings ratio of 21.95, a price-to-earnings-growth ratio of 2.07 and a beta of 0.33.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Friday, October 30th. The aerospace company reported $4.49 EPS for the quarter, beating analysts’ consensus estimates of $4.12 by $0.37. The business had revenue of $14.57 billion for the quarter, compared to analyst estimates of $13.72 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter last year, the company earned $3.88 earnings per share. As a group, analysts predict that General Dynamics Corporation will post 16.99 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 9th will be paid a $1.59 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $6.36 annualized dividend and a yield of 1.7%. General Dynamics’s payout ratio is presently 37.41%.

Analyst Upgrades and Downgrades

GD has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their target price on General Dynamics from $400.00 to $440.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $384.00 target price on shares of General Dynamics in a report on Thursday, July 30th. Susquehanna lifted their price target on shares of General Dynamics from $420.00 to $455.00 and gave the company a “positive” rating in a research report on Thursday, July 30th. UBS Group lifted their price target on shares of General Dynamics from $395.00 to $408.00 and gave the company a “neutral” rating in a research report on Tuesday, September 8th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $455.00 price target on shares of General Dynamics in a research note on Monday. Eleven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $406.94.

More General Dynamics News

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

• Positive Sentiment: General Dynamics exceeded Wall Street expectations in the third quarter, reporting $14.57 billion in revenue, up 12.9% year over year, and adjusted EPS of $4.49. Growth spanned Aerospace, Marine Systems, Combat Systems and Technologies, helped by strong orders and productivity improvements. General Dynamics’s Q3 earnings call: our top 5 analyst questions
• Positive Sentiment: Management raised its 2026 earnings outlook, providing a stronger forward earnings catalyst and signaling confidence in sustained defense demand and Gulfstream expansion plans. GD Q3 Earnings Call Highlights Raised Outlook and Record Backlog
• Positive Sentiment: Backlog reached a record $220.3 billion—described in several reports as roughly double the prior level—after major nuclear-submarine awards. The backlog offers substantial visibility into future revenue and reflects robust government defense demand. General Dynamics Nuclear Submarine Awards Drive Q3 Backlog to Record High
• Positive Sentiment: Citigroup and RBC both raised their price targets to $400, indicating improved expectations following the earnings beat, even though neither firm assigned a bullish rating. Citigroup price target update
• Neutral Sentiment: Analysts remain cautious: Citigroup maintained a “neutral” rating, RBC kept “sector perform,” and BTIG retained “neutral.” This suggests the improved outlook may already be partly reflected in the stock’s recent gains. General Dynamics average target price
• Negative Sentiment: Despite strong operating momentum, investors are evaluating whether General Dynamics’ valuation and recent share-price appreciation adequately reflect the cash flows expected from its large backlog, which could temper further gains. General Dynamics Stock May Be A Bargain As Raised Guidance Tests Value

Insider Transactions at General Dynamics

In other General Dynamics news, Director Robert K. Steel sold 7,440 shares of the company’s stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $346.05, for a total value of $2,574,612.00. Following the transaction, the director directly owned 3,096 shares in the company, valued at approximately $1,071,370.80. This represents a 70.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.40% of the company’s stock.

General Dynamics Company 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.