General Dynamics Co. (NYSE:GD) VP Sells $1,556,241.40 in Stock

General Dynamics Co. (NYSE:GD) VP Christopher J. Brady sold 5,540 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $280.91, for a total transaction of $1,556,241.40. Following the completion of the transaction, the vice president now directly owns 20,296 shares of the company’s stock, valued at $5,701,349.36. This trade represents a 21.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

General Dynamics Stock Performance

Shares of GD stock opened at $282.01 on Wednesday. The company has a market cap of $77.54 billion, a price-to-earnings ratio of 21.48, a price-to-earnings-growth ratio of 1.70 and a beta of 0.61. General Dynamics Co. has a 52 week low of $243.87 and a 52 week high of $316.90. The company has a quick ratio of 0.80, a current ratio of 1.32 and a debt-to-equity ratio of 0.32. The firm has a 50 day moving average of $299.47 and a 200-day moving average of $295.82.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing the consensus estimate of $3.48 by ($0.13). The company had revenue of $11.67 billion for the quarter, compared to analyst estimates of $11.65 billion. General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business earned $3.04 EPS. On average, equities analysts forecast that General Dynamics Co. will post 13.98 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GD. Susquehanna increased their target price on shares of General Dynamics from $333.00 to $352.00 and gave the stock a “positive” rating in a report on Thursday, October 17th. Barclays raised their price objective on shares of General Dynamics from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Seaport Res Ptn lowered shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Royal Bank of Canada raised their price objective on shares of General Dynamics from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Sanford C. Bernstein dropped their price objective on shares of General Dynamics from $343.00 to $331.00 and set a “market perform” rating for the company in a report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $323.69.

Institutional Trading of General Dynamics

Hedge funds have recently bought and sold shares of the business. MFA Wealth Advisors LLC grew its position in General Dynamics by 241.7% in the 3rd quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 58 shares during the period. Hara Capital LLC acquired a new stake in General Dynamics in the 3rd quarter valued at $26,000. American Capital Advisory LLC purchased a new position in General Dynamics during the 2nd quarter worth $29,000. Lowe Wealth Advisors LLC purchased a new position in General Dynamics during the 3rd quarter worth $30,000. Finally, New Covenant Trust Company N.A. purchased a new position in General Dynamics during the 1st quarter worth $29,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

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.