General Dynamics Co. (NYSE:GD) Director Sells $406,626.00 in Stock

General Dynamics Co. (NYSE:GD) Director Peter A. Wall sold 1,320 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $308.05, for a total value of $406,626.00. Following the completion of the sale, the director now directly owns 3,592 shares of the company’s stock, valued at $1,106,515.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

General Dynamics Price Performance

GD stock opened at $306.87 on Friday. The company’s 50-day moving average price is $294.79 and its two-hundred day moving average price is $290.97. General Dynamics Co. has a 12 month low of $214.53 and a 12 month high of $309.97. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.33. The firm has a market cap of $84.19 billion, a P/E ratio of 25.03, a P/E/G ratio of 1.64 and a beta of 0.61.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, July 24th. The aerospace company reported $3.26 EPS for the quarter, missing the consensus estimate of $3.30 by ($0.04). The firm had revenue of $11.98 billion for the quarter, compared to analyst estimates of $11.46 billion. General Dynamics had a net margin of 7.89% and a return on equity of 16.74%. The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.70 earnings per share. On average, analysts anticipate that General Dynamics Co. will post 14.52 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 11th will be given a dividend of $1.42 per share. The ex-dividend date is Friday, October 11th. This represents a $5.68 annualized dividend and a dividend yield of 1.85%. General Dynamics’s dividend payout ratio is currently 46.33%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Richardson Financial Services Inc. bought a new stake in shares of General Dynamics during the fourth quarter worth $25,000. Redmont Wealth Advisors LLC acquired a new stake in shares of General Dynamics during the 1st quarter valued at $25,000. Financial Synergies Wealth Advisors Inc. bought a new stake in General Dynamics during the 1st quarter worth $29,000. New Covenant Trust Company N.A. acquired a new position in General Dynamics in the 1st quarter worth about $29,000. Finally, American Capital Advisory LLC bought a new position in General Dynamics in the second quarter valued at about $29,000. Institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Robert W. Baird reaffirmed an “outperform” rating and set a $345.00 price target on shares of General Dynamics in a report on Tuesday, July 2nd. BTIG Research assumed coverage on shares of General Dynamics in a report on Wednesday, June 26th. They set a “buy” rating and a $345.00 target price for the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of General Dynamics in a research note on Monday, July 29th. Royal Bank of Canada restated an “outperform” rating and set a $320.00 price objective on shares of General Dynamics in a report on Thursday, July 25th. Finally, Morgan Stanley raised General Dynamics from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $293.00 to $345.00 in a research report on Friday, August 9th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, General Dynamics currently has an average rating of “Moderate Buy” and a consensus target price of $315.06.

About General Dynamics

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.