Evergreen Capital Management 13F: Cuts GD Stake by $2M

Evergreen Capital Management reduced its holdings in General Dynamics Corporation (NYSE: GD) during the third quarter, according to a Form 13F filed with the SEC on October 23, 2026. The filing shows how institutional investors are shifting positions in the aerospace and defense sector.

GD General Dynamics Corporation

$349.36 ▲ +3.58% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Evergreen Capital Management's General Dynamics Position

Evergreen Capital Management trimmed its stake by 6,025 shares, marking a 14.3% decrease from the previous quarter. The fund finished the period with 35,978 shares of the defense contractor. The remaining shares had a reported value of $11,938,506 as of the filing date.

Other Institutional Activity in General Dynamics

Other major investment firms also adjusted their portfolios around the same filing date. Simplicity Wealth, LLC reduced its holdings by 13,963 shares, ending with 3,967 shares worth about $1.32 million. Aristotle Capital Management cut its stake by 84,573 shares to hold 2,446,709 shares valued at roughly $866.7 million. NTV Asset Management opened a new position by acquiring 3,465 shares valued at about $1.15 million. Longview Asset Management, LLC kept its massive stake steady at 27,060,944 shares worth about $9.45 billion. Meanwhile, Newport Trust Company, LLC trimmed its position by 172,347 shares, leaving it with 13,398,261 shares valued at about $4.68 billion.

General Dynamics Corporation Stock Up 1.3%

General Dynamics shares recently traded around $349.36 as of October 24, 2026, matching the closing price of $349.36 on the October 23 filing date. The stock trades below both its 50-day moving average of $355.25 and its 200-day moving average of $354.78. Over the past year, the shares have traded as low as $306.77 and as high as $400.00.

Recent Earnings

The company reported trailing twelve-month revenue of $54.86 billion alongside basic earnings of $16.39 per share. General Dynamics generated a net profit margin of 8.2% and a return on equity of 17.8% during the period. The next quarterly earnings report is scheduled for release on October 30, 2026.

Dividend

General Dynamics offers shareholders an annual dividend of $6.36 per share. This payout translates to a dividend yield of 1.81% based on recent share prices. The company currently uses 37.7% of its earnings to fund these shareholder distributions.

Insider Buying and Selling at General Dynamics Corporation

Company insiders executed several share sales over the summer months. Marguerite Amy Gilliland sold 43,180 shares on July 31, 2026, in a transaction valued at about $16.3 million. Chief Executive Officer Phebe N. Novakovic sold 51,568 shares on August 3, 2026, for roughly $19.7 million. Christopher J. Brady disposed of 6,320 shares on August 5, 2026, at an average price of $383.32, totaling about $2.4 million. Finally, director Peter A. Wall sold 1,990 shares on August 10, 2026, at an average price of $396.43 for a total value of roughly $788,898.

Analysts Set New Price Targets

Wall Street research firms have adjusted their price targets and ratings on the stock leading into the autumn. On September 23, 2026, Bernstein maintained its Market Perform rating while lowering its target from $421.00 to $407.00. Citigroup kept a Neutral rating on October 7, 2026, while dropping its target to $374.00 from $404.00. TD Cowen maintained a Buy rating on October 9, 2026, with a target of $380.00. Bernstein issued another update on October 14, 2026, keeping a Market Perform rating and cutting the target further to $365.00. RBC Capital followed on October 15, 2026, maintaining a Sector Perform rating and lowering its target to $360.00 from $410.00. Overall, the stock carries a consensus buy recommendation from 21 analysts, with a mean price target of $406.78.

About General Dynamics

General Dynamics Corporation builds business jets, combat vehicles, nuclear submarines, and secure communication systems for government and commercial customers worldwide. The company operates through four primary segments: Aerospace, Marine Systems, Combat Systems, and Technologies. Its business jet division builds and services Gulfstream aircraft, while its marine unit constructs submarines and surface ships for the U.S. Navy.

Bottom Line

Investors will look closely at General Dynamics' upcoming earnings release on October 30, 2026, for updates on profit margins and defense contract backlog. Monitoring institutional filings and insider transactions will help clarify how major stakeholders view the stock's valuation heading toward the end of the year.