General Dynamics Corp. Director Unloads $478,854 in Stock (GD)
General Dynamics Corp. (NYSE:GD) Director John Keane sold 5,550 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $86.28, for a total value of $478,854.00. Following the completion of the sale, the director now directly owns 6,299 shares of the company’s stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
GD has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of General Dynamics Corp. (NYSE:GD) in a research note to investors on Friday, September 6th. They now have a $89.00 price target on the stock. Separately, analysts at UBS AG raised their price target on shares of General Dynamics Corp. (NYSE:GD) from $84.00 to $100.00 in a research note to investors on Friday, August 16th. They now have a “buy” rating on the stock. Finally, analysts at Barclays Capital raised their price target on shares of General Dynamics Corp. (NYSE:GD) from $87.00 to $100.00 in a research note to investors on Monday, August 12th. They now have an “overweight” rating on the stock.
One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $92.29.
General Dynamics Corp. (NYSE:GD) traded up 0.58% on Friday, hitting $87.13. 922,268 shares of the company’s stock traded hands. General Dynamics Corp. has a 52 week low of $61.70 and a 52 week high of $87.85. The stock’s 50-day moving average is $85.2 and its 200-day moving average is $77.0. The company’s market cap is $30.592 billion.
General Dynamics Corp. (NYSE:GD) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.19. The company had revenue of $7.92 billion for the quarter, compared to the consensus estimate of $7.73 billion. During the same quarter in the previous year, the company posted $1.77 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 15th. Investors of record on Friday, October 11th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend is Wednesday, October 9th.
General Dynamics Corporation is an aerospace and defense company that offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; military and commercial shipbuilding, and communications and information technology.
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