GENERAL DYNAMICS CORPORATION
At today's price, GENERAL DYNAMICS CORPORATION (GD) is priced for +9.2% growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
- Conservatively financed (net debt near 1.2x operating income) with a record $131 billion backlog (up 48% year over year, 2:1 book-to-bill) and a record $188 billion total estimated contract value, the visibility that underwrites the thesis. - At $350 the price rests on growth and relative frames (blended landing near $393); asset and earnings-power models say expensive (earnings-power value near $156), so the market is pricing smooth backlog conversion, not today's earnings. - The risks are ex
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2,159 institutional managers reported holding GD in 13F filings for the quarter ended 2026-03-31. Together they hold about 83% of the company; the top 10 hold 46%. 175 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 3.1M shares were sold short as of the 2026-06-15 count, about 1% of shares outstanding (2.7 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
GD has cut its share count 3.8% over the past five years, spending $5.10B on repurchases. It pays a dividend, and has paid one every year in our records (18 and counting), raised 12 years straight. Cash returned over the past three years: $4.25B in dividends and $2.42B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at GD over the trailing three years. Absence is a fact about the company, not a signal. 25 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
GD's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-27 | +0.8% | +1.2% |
| 2023-10-26 | +3.2% | +7.3% |
| 2024-02-09 | +6.6% | +6.6% |
| 2024-04-25 | -2.7% | +2.7% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
GD's latest 8-K filings: 2026-05-11 (items 5.07); 2026-04-29 (items 2.02, 9.01); 2026-01-28 (items 2.02, 9.01); 2025-12-05 (items 5.02); 2025-12-05 (items 5.02).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.