General Dynamics Corp. EVP David Heebner Unloads 95,190 Shares (GD)
General Dynamics Corp. (NYSE:GD) EVP David Heebner sold 95,190 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $86.36, for a total transaction of $8,220,608.40. Following the completion of the transaction, the executive vice president now directly owns 150,239 shares of the company’s stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. 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 research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the stock. General Dynamics Corp. currently has an average rating of “Buy” and a consensus target price of $92.29.
Shares of General Dynamics Corp. (NYSE:GD) traded up 0.58% during mid-day trading on Friday, hitting $87.13. The stock had a trading volume of 922,268 shares. General Dynamics Corp. has a one year low of $61.70 and a one year high of $87.85. The stock has a 50-day moving average of $85.2 and a 200-day moving average of $77.0. The company’s market cap is $30.592 billion.
General Dynamics Corp. (NYSE:GD) last released its earnings data on Wednesday, July 24th. The company reported $1.81 earnings per share for the quarter, beating the analysts’ 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 prior year, the company posted $1.77 earnings per share. The company’s quarterly revenue was down .1% on a year-over-year basis.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 15th. Investors of record on Friday, October 11th will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.59%. The ex-dividend date 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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