GENERAL DYNAMICS CORP
In the published model solve dated 2026-Q2, anchored at $381.80, GENERAL DYNAMICS CORP (GD) is priced for +8.4% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 26, 2026 from SEC EDGAR filings.
• The biggest single product line here is not the business jet but the nuclear-powered submarine, at roughly a quarter of company revenue, and the annual report is precise about what builds them: ⟦"Marine Systems consists of three business units - Electric Boat, Bath Iron Works and NASSCO."⟧ • That fastest-growing business is also the least profitable one: Marine Systems grew 21.0 percent in the March quarter on a 7.3 percent operating margin while Aerospace grew 8.4 percent on 15.0 percent, so
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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: 2026-08-07 (items 5.02, 9.01); 2026-08-04 (items 8.01, 9.01); 2026-07-29 (items 2.02, 9.01); 2026-05-11 (items 5.07); 2026-04-29 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 26, 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.