General Dynamics Corporation (GD): Among the Best Aerospace and Defense Stocks to Buy According to Hedge Funds

General Dynamics Corporation (NYSE:GD) is among the 10 Best Aerospace and Defense Stocks to Buy According to Hedge Funds, with 62 hedge funds holding a stake in the company, according to Insider Monkey’s database for Q1 2026.

General Dynamics Corporation (GD): Among the Best Aerospace and Defense Stocks to Buy According to Hedge Funds

Wall Street has a Moderate Buy rating on the stock, based on the recommendations from 15 analysts, with an average share price upside potential of 12%, as of the close on June 5.

The company reported strong results for the first quarter of fiscal 2026, with revenue and earnings both comfortably surpassing Wall Street’s expectations, as ongoing geopolitical conflicts drove higher sales across segments. Orders totaled $26.6 billion during the quarter, taking the backlog to $130.8 billion.

General Dynamics Corporation (NYSE:GD) lifted its full-year 2026 annual profit forecast in the range of $16.45 and $16.55 per share, up from its initial guidance of $16.10 to $16.20 per share.

In other news, press reports last week suggested the defense contractor is planning to unwind its ties with the Turkish firm Repkon and invest $200 million to begin production of 155mm artillery shells at its Mesquite, Texas, plant, which has been impacted by delays.

General Dynamics Corporation (NYSE:GD) is a leading global aerospace and defense company, operating through its Aerospace, Marine Systems, Combat Systems, and Technologies segments.

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