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General Dynamics (NYSE:GD) CEO Phebe N. Novakovic unloaded 71,538 shares of General Dynamics stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $120.68, for a total transaction of $8,633,205.84. Following the completion of the transaction, the chief executive officer now directly owns 318,846 shares of the company’s stock, valued at approximately $38,478,335. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Several analysts have recently commented on the stock. Analysts at Argus downgraded shares of General Dynamics from a “buy” rating to a “hold” rating in a research note on Tuesday, May 20th. They noted that the move was a valuation call. Separately, analysts at Zacks reiterated a “neutral” rating on shares of General Dynamics in a research note on Thursday, May 15th. They now have a $120.00 price target on the stock. Finally, analysts at Wolfe Research initiated coverage on shares of General Dynamics in a research note on Tuesday, May 13th. They set an “outperform” rating on the stock. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $118.93.

General Dynamics (NYSE:GD) traded up 0.17% on Tuesday, hitting $120.82. 1,586,011 shares of the company’s stock traded hands. General Dynamics has a one year low of $75.63 and a one year high of $121.68. The stock’s 50-day moving average is $113.8 and its 200-day moving average is $104.3. The company has a market cap of $41.348 billion and a P/E ratio of 17.86.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.71 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.64 by $0.07. The company had revenue of $7.40 billion for the quarter, compared to the consensus estimate of $7.20 billion. During the same quarter in the prior year, the company posted $1.62 earnings per share. The company’s quarterly revenue was down 1.1% on a year-over-year basis. Analysts expect that General Dynamics will post $7.32 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, August 8th. Investors of record on Thursday, July 3rd will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Tuesday, July 1st.

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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