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 General Dynamics stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $308.05, for a total transaction of $406,626.00. Following the completion of the sale, the director now owns 3,592 shares in the company, valued at $1,106,515.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

General Dynamics Stock Down 0.2 %

Shares of NYSE:GD traded down $0.74 during trading on Wednesday, reaching $303.11. The stock had a trading volume of 476,665 shares, compared to its average volume of 1,061,148. General Dynamics Co. has a one year low of $214.53 and a one year high of $309.97. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $83.16 billion, a P/E ratio of 24.79, a PEG ratio of 1.64 and a beta of 0.61. The firm’s 50-day simple moving average is $293.51 and its 200 day simple moving average is $290.56.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share 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 company’s revenue was up 18.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.70 EPS. As a group, research analysts expect that General Dynamics Co. will post 14.52 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 11th will be paid a dividend of $1.42 per share. The ex-dividend date is Friday, October 11th. This represents a $5.68 dividend on an annualized basis and a yield of 1.87%. General Dynamics’s dividend payout ratio (DPR) is presently 46.33%.

Institutional Investors Weigh In On General Dynamics

Several institutional investors have recently made changes to their positions in the stock. Richardson Financial Services Inc. purchased a new stake in shares of General Dynamics during the 4th quarter worth about $25,000. Redmont Wealth Advisors LLC acquired a new stake in shares of General Dynamics during the 1st quarter valued at approximately $25,000. Financial Synergies Wealth Advisors Inc. acquired a new stake in shares of General Dynamics during the 1st quarter valued at approximately $29,000. New Covenant Trust Company N.A. acquired a new stake in shares of General Dynamics during the 1st quarter valued at approximately $29,000. Finally, American Capital Advisory LLC purchased a new stake in shares of General Dynamics during the 2nd quarter worth about $29,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on GD. Royal Bank of Canada reissued an “outperform” rating and issued a $320.00 target price on shares of General Dynamics in a research report on Thursday, July 25th. Wells Fargo & Company boosted their target price on shares of General Dynamics from $330.00 to $334.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Robert W. Baird reiterated an “outperform” rating and set a $345.00 price target on shares of General Dynamics in a research report on Tuesday, July 2nd. Barclays upped their target price on shares of General Dynamics from $310.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of General Dynamics in a research report on Monday, July 29th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $315.06.

General Dynamics Company Profile

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.