The Manufacturers Life Insurance Company Trims Stock Holdings in General Dynamics Corporation $GD

The Manufacturers Life Insurance Company decreased its position in General Dynamics Corporation (NYSE:GD) by 60.1% in the first quarter, Holdings Channel.com reports. The firm owned 134,413 shares of the aerospace company’s stock after selling 202,475 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in General Dynamics were worth $46,133,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Whipplewood Advisors LLC increased its stake in shares of General Dynamics by 1,725.0% in the 1st quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 69 shares in the last quarter. Steph & Co. boosted its stake in General Dynamics by 65.2% during the fourth quarter. Steph & Co. now owns 76 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 30 shares in the last quarter. Scarborough Advisors LLC bought a new stake in General Dynamics during the first quarter worth about $29,000. Wilkerson Advisory Group LLC grew its holdings in General Dynamics by 79.6% in the first quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 39 shares during the period. Finally, Motiv8 Investments LLC bought a new position in shares of General Dynamics during the fourth quarter valued at approximately $31,000. Institutional investors own 86.14% of the company’s stock.

Key General Dynamics News

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

• Positive Sentiment: Quarterly results exceeded expectations. General Dynamics reported Q2 EPS of $4.24 versus the $3.96 consensus, while revenue rose 8.1% year over year to $14.1 billion, beating estimates of approximately $13.5 billion. All four business segments grew, operating margin expanded to 10.4%, and operating cash flow reached $1.9 billion. General Dynamics Reports Second-Quarter 2026 Financial Results
• Positive Sentiment: Backlog and new orders support future revenue. Q2 orders totaled $20 billion, producing a 1.4-to-1 book-to-bill ratio and a record $136.5 billion backlog. Management also raised or reaffirmed 2026 guidance at $16.80-$16.90 in EPS and approximately $55.7 billion in revenue, above current analyst expectations. General Dynamics Q2 revenue rises 8.1% to $14.1 billion
• Positive Sentiment: A $76.6 billion Navy award strengthens the long-term outlook. Electric Boat received contracts for five Columbia-class and nine Virginia-class submarines, plus shipyard infrastructure support. The award should improve visibility and capacity utilization for General Dynamics’ Marine Systems business for years. General Dynamics Electric Boat submarine award
• Positive Sentiment: Analysts raised targets following the results. Morgan Stanley lifted its target to $465 and assigned an overweight rating; Susquehanna raised its target to $455 with a positive rating; and BNP Paribas Exane increased its target to $430 with an outperform rating.
• Neutral Sentiment: Some analysts remain cautious because visibility into future U.S. defense spending is limited, despite strong fundamentals. Balanced View on General Dynamics
• Negative Sentiment: Valuation-related downgrades could limit further gains. Seeking Alpha commentators argued that strong contract tailwinds may already be reflected in the share price and that the stock’s valuation is expensive. General Dynamics: Strong Tailwinds, But The Valuation Is Pricey

Insider Buying and Selling at General Dynamics

In other news, EVP Mark Lagrand Burns sold 36,480 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $345.29, for a total value of $12,596,179.20. Following the completion of the transaction, the executive vice president owned 38,975 shares in the company, valued at $13,457,677.75. The trade was a 48.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mark Malcolm sold 5,480 shares of the 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 sale, the director directly owned 10,643 shares in the company, valued at $3,884,695. This trade represents a 33.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 78,190 shares of company stock valued at $27,041,022 in the last 90 days. Company insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group lowered their target price 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. Robert W. Baird set a $430.00 price target on General Dynamics in a research note on Thursday. JPMorgan Chase & Co. raised their price objective on General Dynamics from $385.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Morgan Stanley lifted their price objective on General Dynamics from $435.00 to $465.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Susquehanna increased their target price on General Dynamics from $420.00 to $455.00 and gave the stock a “positive” rating in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $406.32.

General Dynamics Trading Up 0.6%

Shares of NYSE GD opened at $383.34 on Friday. The firm’s 50 day moving average price is $359.92 and its 200-day moving average price is $352.70. General Dynamics Corporation has a 52-week low of $306.03 and a 52-week high of $400.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.90 and a current ratio of 1.44. The company has a market cap of $103.67 billion, a PE ratio of 23.39, a P/E/G ratio of 2.29 and a beta of 0.34.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share for the quarter, beating the consensus estimate of $3.96 by $0.28. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The company had revenue of $14.09 billion during the quarter, compared to the consensus estimate of $13.52 billion. During the same quarter last year, the firm earned $3.74 earnings per share. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. On average, equities research analysts expect that General Dynamics Corporation will post 16.66 EPS for the current fiscal year.

General Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 2nd will be issued a $1.59 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.7%. General Dynamics’s dividend payout ratio (DPR) is presently 38.80%.

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.