General Dynamics Co. (NYSE:GD) EVP John Patrick Casey sold 4,133 shares of General Dynamics stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $225.27, for a total value of $931,040.91. Following the completion of the sale, the executive vice president now owns 96,055 shares in the company, valued at $21,638,309.85. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
John Patrick Casey also recently made the following trade(s):
- On Wednesday, February 14th, John Patrick Casey sold 9,304 shares of General Dynamics stock. The stock was sold at an average price of $215.29, for a total value of $2,003,058.16.
General Dynamics Co. (GD) traded down $5.31 on Monday, hitting $224.64. The stock had a trading volume of 1,216,784 shares, compared to its average volume of 1,761,822. The stock has a market cap of $66,560.00, a PE ratio of 22.45, a PEG ratio of 2.44 and a beta of 0.83. The company has a current ratio of 1.40, a quick ratio of 0.99 and a debt-to-equity ratio of 0.35. General Dynamics Co. has a 52 week low of $183.72 and a 52 week high of $230.00.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 11th. Stockholders of record on Friday, April 13th will be paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Thursday, April 12th. This is a boost from General Dynamics’s previous quarterly dividend of $0.84. General Dynamics’s dividend payout ratio (DPR) is presently 33.63%.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research lowered General Dynamics from a “buy” rating to a “hold” rating in a research report on Monday. ValuEngine upgraded General Dynamics from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Cowen reiterated an “outperform” rating and issued a $253.00 price objective (up from $230.00) on shares of General Dynamics in a research report on Monday, February 26th. Morgan Stanley lifted their price objective on General Dynamics from $209.00 to $225.00 and gave the stock an “underweight” rating in a research report on Friday, February 23rd. Finally, Royal Bank of Canada lifted their price objective on General Dynamics to $267.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 20th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. General Dynamics currently has a consensus rating of “Hold” and an average price target of $235.88.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Highlander Capital Management LLC raised its stake in General Dynamics by 101.4% during the fourth quarter. Highlander Capital Management LLC now owns 596 shares of the aerospace company’s stock valued at $121,000 after buying an additional 300 shares during the last quarter. Resources Investment Advisors Inc. raised its stake in General Dynamics by 92.3% during the fourth quarter. Resources Investment Advisors Inc. now owns 625 shares of the aerospace company’s stock valued at $127,000 after buying an additional 300 shares during the last quarter. We Are One Seven LLC purchased a new position in General Dynamics during the fourth quarter valued at $128,000. NuWave Investment Management LLC purchased a new position in General Dynamics during the fourth quarter valued at $130,000. Finally, Prime Capital Investment Advisors LLC purchased a new position in General Dynamics during the fourth quarter valued at $134,000. Institutional investors own 93.41% of the company’s stock.
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About General Dynamics
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.
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