General Dynamics Corporation (NYSE:GD) insider John Patrick Casey sold 34,945 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $201.38, for a total transaction of $7,037,224.10. Following the sale, the insider now directly owns 144,378 shares of the company’s stock, valued at approximately $29,074,841.64. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of General Dynamics Corporation (GD) traded up $2.90 during trading on Friday, reaching $204.52. The company had a trading volume of 505,489 shares, compared to its average volume of 1,024,851. The firm has a market cap of $60,857.17, a P/E ratio of 20.24 and a beta of 0.73.

General Dynamics Corporation (NYSE:GD) last posted its earnings results on Wednesday, October 25th. The aerospace company reported $2.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.43 by $0.09. The business had revenue of $7.58 billion during the quarter, compared to analyst estimates of $7.94 billion. General Dynamics Corporation had a return on equity of 27.98% and a net margin of 9.94%. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.36 EPS. sell-side analysts predict that General Dynamics Corporation will post 9.81 earnings per share for the current year.

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A number of hedge funds have recently bought and sold shares of the business. Quadrant Capital Group LLC grew its holdings in shares of General Dynamics Corporation by 6.1% during the second quarter. Quadrant Capital Group LLC now owns 645 shares of the aerospace company’s stock worth $110,000 after purchasing an additional 37 shares in the last quarter. Vantage Investment Advisors LLC grew its holdings in shares of General Dynamics Corporation by 9.3% during the second quarter. Vantage Investment Advisors LLC now owns 585 shares of the aerospace company’s stock worth $116,000 after purchasing an additional 50 shares in the last quarter. Captrust Financial Advisors purchased a new position in shares of General Dynamics Corporation during the second quarter worth about $129,000. WFG Advisors LP grew its holdings in shares of General Dynamics Corporation by 0.3% during the second quarter. WFG Advisors LP now owns 668 shares of the aerospace company’s stock worth $132,000 after purchasing an additional 2 shares in the last quarter. Finally, Zions Bancorporation grew its holdings in shares of General Dynamics Corporation by 0.5% during the first quarter. Zions Bancorporation now owns 732 shares of the aerospace company’s stock worth $137,000 after purchasing an additional 4 shares in the last quarter. 86.05% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently commented on GD shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $220.00 price objective on shares of General Dynamics Corporation in a research report on Friday, July 7th. BidaskClub raised shares of General Dynamics Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 8th. Berenberg Bank started coverage on shares of General Dynamics Corporation in a research report on Wednesday, July 12th. They set a “buy” rating and a $230.00 price objective for the company. Zacks Investment Research downgraded shares of General Dynamics Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Cowen and Company reaffirmed a “buy” rating and set a $210.00 price objective on shares of General Dynamics Corporation in a research report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $217.19.

About General Dynamics Corporation

General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.

Insider Buying and Selling by Quarter for General Dynamics Corporation (NYSE:GD)

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