Chesapeake Capital Corp IL Invests $916,000 in General Dynamics Corporation $GD

Chesapeake Capital Corp IL purchased a new position in shares of General Dynamics Corporation (NYSE:GD) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 2,686 shares of the aerospace company’s stock, valued at approximately $916,000.

Several other hedge funds also recently bought and sold shares of the business. WASHINGTON TRUST Co lifted its holdings in shares of General Dynamics by 453.3% in the 3rd quarter. WASHINGTON TRUST Co now owns 9,418 shares of the aerospace company’s stock worth $3,212,000 after buying an additional 7,716 shares during the period. Rockland Trust Co. increased its stake in shares of General Dynamics by 703.4% during the third quarter. Rockland Trust Co. now owns 10,548 shares of the aerospace company’s stock valued at $3,597,000 after buying an additional 9,235 shares during the period. Gold Investment Management Ltd. raised its holdings in shares of General Dynamics by 73.5% in the third quarter. Gold Investment Management Ltd. now owns 10,700 shares of the aerospace company’s stock valued at $3,649,000 after acquiring an additional 4,532 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in General Dynamics by 3.6% in the third quarter. Envestnet Asset Management Inc. now owns 917,424 shares of the aerospace company’s stock worth $312,842,000 after acquiring an additional 32,262 shares during the period. Finally, Davis Capital Management purchased a new stake in General Dynamics in the third quarter worth about $1,007,000. Institutional investors own 86.14% of the company’s stock.

More General Dynamics News

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

• Positive Sentiment: Board approved a quarterly dividend of $1.59 (6% increase), payable May 8 to holders of record April 10 — supports income investor demand and signals confidence in cash flow. Article Title
• Positive Sentiment: Strong 2025 fundamentals: full‑year revenue and backlog strength (record ~$118B backlog, broad-based Marine Systems and Aerospace growth) and FY‑2026 EPS guidance (16.100–16.200) provide visible forward earnings and backlog-driven revenue visibility, underpinning medium‑term upside. Article Title
• Positive Sentiment: U.S. shipbuilding policy and MAP momentum (renewed federal focus and proposed FY2026 naval funding) lift demand prospects for GD’s Bath Iron Works and Electric Boat units — an important structural tailwind for orders and long‑cycle revenue. (Market commentary)
• Neutral Sentiment: Valuation discussion: recent analysis questions whether the current ~\$350s price fully reflects defense‑spending upside vs execution/valuation risk; one‑year performance has been strong, so some profit‑taking is expected. Article Title
• Neutral Sentiment: Technical backdrop: the stock is trading slightly below its 50‑day moving average but above the 200‑day — suggests short‑term consolidation within a longer‑term uptrend.
• Negative Sentiment: Insider selling: CEO Phebe Novakovic sold 32,918 shares (~$11.66M at ~$354.09); EVP Mark Lagrand Burns sold 10,153 shares; EVP Marguerite Gilliland sold 3,819 shares — sizable disclosed reductions that can pressure sentiment despite being taxable/liquidity-driven transactions. SEC/insider filings: Novakovic Trade Burns Trade Gilliland Trade

Wall Street Analysts Forecast Growth

GD has been the topic of a number of research reports. Bank of America reissued a “buy” rating and set a $400.00 target price on shares of General Dynamics in a research report on Friday, January 30th. 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. Wall Street Zen downgraded shares of General Dynamics from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. UBS Group set a $393.00 price objective on shares of General Dynamics in a report on Thursday, January 29th. Finally, BNP Paribas Exane reduced their price objective on shares of General Dynamics from $420.00 to $410.00 and set an “outperform” rating for the company in a research note on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $376.26.

General Dynamics Price Performance

GD opened at $351.30 on Friday. The firm has a market capitalization of $94.99 billion, a PE ratio of 22.74, a price-to-earnings-growth ratio of 2.12 and a beta of 0.39. The business’s 50-day moving average is $356.36 and its two-hundred day moving average is $343.54. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $369.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.44 and a quick ratio of 0.89.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share for the quarter, beating analysts’ consensus estimates of $4.11 by $0.06. General Dynamics had a net margin of 8.01% and a return on equity of 17.57%. The business had revenue of $14.38 billion for the quarter, compared to analysts’ expectations of $13.77 billion. During the same period last year, the business earned $4.15 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. Research analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 10th will be issued a $1.59 dividend. This is an increase from General Dynamics’s previous quarterly dividend of $1.50. This represents a $6.36 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, April 10th. General Dynamics’s dividend payout ratio is presently 38.83%.

Insider Buying and Selling at General Dynamics

In related news, EVP Mark Lagrand Burns sold 10,153 shares of the company’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $354.95, for a total transaction of $3,603,807.35. Following the transaction, the executive vice president directly owned 38,975 shares of the company’s stock, valued at $13,834,176.25. This represents a 20.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Mark Rayha sold 4,370 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $348.79, for a total value of $1,524,212.30. Following the completion of the sale, the vice president owned 7,936 shares of the company’s stock, valued at approximately $2,767,997.44. This trade represents a 35.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 71,620 shares of company stock valued at $24,952,942. Corporate insiders own 1.50% of the company’s stock.

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.