Mirae Asset Global Investments Co. Ltd. Makes New $29.47 Million Investment in General Dynamics Corporation $GD

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

Other hedge funds have also made changes to their positions in the company. Vise Technologies Inc. boosted its stake in General Dynamics by 6.6% in the 3rd quarter. Vise Technologies Inc. now owns 22,768 shares of the aerospace company’s stock worth $7,555,000 after buying an additional 1,400 shares during the last quarter. Investment Partners LTD. grew its holdings in General Dynamics by 14.3% in the 3rd quarter. Investment Partners LTD. now owns 2,105 shares of the aerospace company’s stock valued at $699,000 after buying an additional 263 shares during the period. Unison Advisors LLC increased its stake in shares of General Dynamics by 0.4% during the 3rd quarter. Unison Advisors LLC now owns 17,497 shares of the aerospace company’s stock valued at $5,806,000 after acquiring an additional 72 shares during the last quarter. Intrua Financial LLC increased its stake in shares of General Dynamics by 7.2% during the 3rd quarter. Intrua Financial LLC now owns 1,890 shares of the aerospace company’s stock valued at $627,000 after acquiring an additional 127 shares during the last quarter. Finally, Summit Global Investments increased its stake in shares of General Dynamics by 76.0% during the 3rd quarter. Summit Global Investments now owns 1,505 shares of the aerospace company’s stock valued at $499,000 after acquiring an additional 650 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Activity at General Dynamics

In other news, Director Robert K. Steel sold 7,440 shares of the company’s stock in a transaction on 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 completion of 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.40% of the company’s stock.

General Dynamics Stock Performance

Shares of NYSE:GD opened at $373.16 on Tuesday. The business’s 50-day simple moving average is $351.22 and its 200 day simple moving average is $355.11. The company has a market cap of $100.96 billion, a P/E ratio of 21.95, a PEG ratio of 2.07 and a beta of 0.33. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.96 and a current ratio of 1.44. General Dynamics Corporation has a one year low of $306.77 and a one year high of $400.00.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Friday, October 30th. The aerospace company reported $4.49 earnings per share for the quarter, topping analysts’ consensus estimates of $4.12 by $0.37. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%. The firm had revenue of $14.57 billion during the quarter, compared to analysts’ expectations of $13.72 billion. During the same quarter in the prior year, the business earned $3.88 EPS. General Dynamics’s quarterly revenue was up 12.9% compared to the same quarter last year. On average, sell-side analysts forecast that General Dynamics Corporation will post 16.99 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GD. Susquehanna increased their price objective on shares of General Dynamics from $420.00 to $455.00 and gave the stock a “positive” rating in a report on Thursday, July 30th. Sanford C. Bernstein lowered their target price on shares of General Dynamics from $407.00 to $365.00 and set a “market perform” rating for the company in a report on Wednesday, October 14th. Morgan Stanley upped their price target on shares of General Dynamics from $435.00 to $465.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Wells Fargo & Company increased their price target on shares of General Dynamics from $400.00 to $440.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. Finally, BNP Paribas Exane upped their price objective on General Dynamics from $390.00 to $430.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Eleven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $406.94.

Key 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

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.