General Dynamics Co. (NYSE:GD – Get Free Report) SVP Marguerite Amy Gilliland sold 27,562 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $272.11, for a total value of $7,499,895.82. Following the completion of the transaction, the senior vice president now directly owns 45,192 shares of the company’s stock, valued at $12,297,195.12. This represents a 37.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
General Dynamics Stock Performance
Shares of GD stock opened at $262.19 on Friday. The company has a market cap of $70.88 billion, a price-to-earnings ratio of 19.22, a price-to-earnings-growth ratio of 1.69 and a beta of 0.59. General Dynamics Co. has a 52 week low of $239.87 and a 52 week high of $316.90. The company has a quick ratio of 0.82, a current ratio of 1.37 and a debt-to-equity ratio of 0.33. The firm has a 50 day moving average of $257.89 and a 200-day moving average of $278.98.
General Dynamics (NYSE:GD – Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The aerospace company reported $4.15 EPS for the quarter, missing the consensus estimate of $4.29 by ($0.14). General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. On average, equities analysts forecast that General Dynamics Co. will post 14.83 earnings per share for the current year.
General Dynamics Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 11th will be issued a $1.50 dividend. This is a boost from General Dynamics’s previous quarterly dividend of $1.42. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Friday, April 11th. General Dynamics’s dividend payout ratio (DPR) is currently 43.99%.
Hedge Funds Weigh In On General Dynamics
A number of large investors have recently modified their holdings of GD. Financial Life Planners bought a new position in shares of General Dynamics in the 4th quarter worth $25,000. Whipplewood Advisors LLC bought a new position in shares of General Dynamics in the 4th quarter worth $26,000. Kohmann Bosshard Financial Services LLC bought a new position in General Dynamics during the 4th quarter valued at $26,000. Copia Wealth Management bought a new position in General Dynamics during the 4th quarter valued at $27,000. Finally, Sugar Maple Asset Management LLC bought a new position in General Dynamics during the 4th quarter valued at $28,000. 86.14% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research analysts have recently issued reports on GD shares. JPMorgan Chase & Co. lowered their price objective on General Dynamics from $307.00 to $284.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Susquehanna lowered their price objective on General Dynamics from $315.00 to $300.00 and set a “positive” rating for the company in a research note on Thursday, January 30th. Deutsche Bank Aktiengesellschaft lowered their price objective on General Dynamics from $303.00 to $295.00 and set a “hold” rating for the company in a research note on Thursday, January 2nd. TD Cowen lowered their price objective on General Dynamics from $315.00 to $295.00 in a research note on Tuesday, January 28th. Finally, Baird R W downgraded General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $297.71.
Read Our Latest Analysis on GD
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.
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