BlackRock Amends General Dynamics Stake, Signals Continued Confidence

TL;DR

**BlackRock still owns a big chunk of General Dynamics, signaling confidence.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 31, 2024, indicating its ownership of General Dynamics Corporation's common stock as of December 31, 2023. This filing, an amendment to a previous one, shows BlackRock continues to hold a significant passive stake in General Dynamics. This matters to investors because BlackRock is one of the world's largest asset managers, and its continued substantial holding signals confidence in General Dynamics' long-term prospects, potentially influencing other institutional and retail investors.

Why It Matters

BlackRock's sustained significant ownership in General Dynamics suggests a positive long-term outlook from a major institutional investor, which can reassure current shareholders and attract new ones.

Risk Assessment

Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risks or changes in company operations.

Analyst Insight

Investors should view BlackRock's continued passive ownership as a sign of stability rather than a catalyst for immediate price movement. It reinforces the long-term institutional confidence in General Dynamics, which could be a factor for those considering a long-term position.

Key Players & Entities

• BlackRock Inc. (company) — the reporting person and institutional investor
• General Dynamics Corporation (company) — the issuer whose common stock is being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• January 31, 2024 (date) — the filing date of the SC 13G/A amendment

Forward-Looking Statements

• BlackRock will maintain a significant passive stake in General Dynamics for the foreseeable future. (BlackRock Inc.) — high confidence, target: 2025-12-31

FAQ

From the Filing

0001086364-24-005983.txt : 20240131 0001086364-24-005983.hdr.sgml : 20240131 20240131140826 ACCESSION NUMBER: 0001086364-24-005983 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240131 DATE AS OF CHANGE: 20240131 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GENERAL DYNAMICS CORP CENTRAL INDEX KEY: 0000040533 STANDARD INDUSTRIAL CLASSIFICATION: SHIP & BOAT BUILDING & REPAIRING [3730] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 131673581 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-19871 FILM NUMBER: 24582109 BUSINESS ADDRESS: STREET 1: 11011 SUNSET HILLS RD CITY: RESTON STATE: VA ZIP: 20190 BUSINESS PHONE: 703-876-3000 MAIL ADDRESS: STREET 1: 11011 SUNSET HILLS RD CITY: RESTON STATE: VA ZIP: 20190 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us3695501086_013124.txt us3695501086_013124.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 1) GENERAL DYNAMICS CORPORATION -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 369550108 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 369550108 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 13359449 (6) Shared voting power 0 (7) Sole dispositive power 14500792 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 14500792 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 5.3% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- GENERAL DYNAMICS CORPORATION Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 11011 SUNSET HILLS ROAD RESTON VA 20190 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: ---------------